Auction  Details

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Auction Dates

Starts: Thu, Jun 22, 2017 10:00AM

Description

ABSOLUTE AUCTION

ATTRACTIVE COMMERCIAL BUILDING & PROPERTY IN
CALVERT CITY, KY. ON THE CORNER OF US HWY 62 & HWY 95

EXCELLENT FOR START-UP BUSINESS & NEW DEVELOPMENT!

HIGHLIGHTS:
HIGH TRAFFIC COUNT WITH GREAT VISIBILITY
EXCELLENT LOCATION
NEAR CALVERT CITY’S CENTRAL BUSINESS DISTRICT
MULTI-FUNCTIONAL COMMERCIAL BUILDING
ZONED B2
2 ENTRANCES

ALSO SELLING: APPLIANCES, FURNITURE, OFFICE/CLASSROOM SUPPLIES, & MORE


When: Thursday, June 22nd @ 10 A.M.
Where: 4952 US Hwy 62, Calvert City, KY 42029
Auction Held on Site Rain or Shine!

Directions: From I-24 Exit 27 (Calvert City exit) travel west on US Hwy 62 1.5 miles past Dairy Queen arriving at property on right at US Hwy 62 & Hwy 95 intersection. Signs posted.


Real Estate: Consider this commercially zoned property with a +/- 7,200 sq. ft. building (formerly a school) sitting on a convenient corner lot. Building construction consists of masonry block walls on the exterior, steel engineered roof trusses, & interior stud walls. Exterior: Brick exterior, flat roof with free span steel trusses which makes interior remodeling easier, & a paved entrance. Interior: +/- 7,200 sq. ft., one story with 5 large classrooms/offices, kitchen, large auditorium/common area, 2 large restrooms, equipment & storage rooms. The building has a combination of drywall & painted concrete block walls, linoleum & laminate floor covering, casement & fixed windows for plenty of natural light, entrances in front & back of building, fluorescent lighting throughout & 10' suspended ceiling throughout. Auditorium: walls consist of wainscoting, paneling, drywall & concrete block, carpet on floor, Janitorial WH-100 100,000 BTU hanging gas furnaces (2). Kitchen: white cabinets, concrete floors with drains. Utility room: Whirlpool 28 gallon electric water heater, separate control panels for heat pump, 200 amp breaker panels (2), 3 phase power control panel. Men's bathroom: shower stall, urinals (2), stalls (2), sinks (2). Women's bathroom: stalls (5), sinks (2). Office/Storage: carpet, 2 of the walls are unfinished. Office/Classroom: carpet with drywall & concrete block walls. Storage closet: drywall & concrete block walls. Classrooms: a mix of drywall & concrete block walls. Utilities: natural gas, Jackson Purchase Power, emergency lighting.

Personal Property:
Appliances: Frigidaire refrigerator, Kenmore electric stove, charcoal grills (2)

Furniture: leather sofa, leather chair

Office/Classroom supplies: 4 drawer filing cabinets (2), 2 drawer filing cabinet, metal folding chairs (+/- 100), 8' sturdy wooden folding tables (+/- 11), free standing chalk board, classroom desks (3), Victor electric cash register, various years & volumes of National Geographic books, World Book Encyclopedias, Encyclopedia Britannica, All American song books, record display board

Misc.: Vacuum cleaners (3), ping pong table, chrome kitchen table, communion set, Christmas trees (2), Christmas & Easter decorations, Lamont painting


Terms of Auction:

Information: Contact Chris Colson Auction & Realty Co. or David Nelson @ (270) 556-1858 with any questions. Broker Co-op with David Nelson Agent with Purchase Realty Group.  For zoning questions contact John Ward @ City Hall 270-395-7138.

Real Estate: 15% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bidders are responsible for their own inspections and verifications either before or during day of auction. Showings are by appointment only or between the hours of 8:00 A.M. – 10:00 A.M. on day of auction.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a Warranty Deed.

Purchase Agreement: Successful bidder(s) will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession: Possession given at closing.

Restrictions: Any recorded restrictions (if any) and zoning regulations apply.

Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Personal Property: Cash, credit card or check day of sale with proper ID. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt

Auctioneer’s Note: Any announcements made the day of the sale take precedence over printed material or any other oral statements made. Auction Company or owner is not responsible for accidents.

New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.



 

Terms & Conditions

Real Estate: 15% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bidders are responsible for their own inspections and verifications either before or during day of auction. Showings are by appointment only or between the hours of 8:00 A.M. – 10:00 A.M. on day of auction.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a Warranty Deed.

Purchase Agreement: Successful bidder(s) will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession: Possession given at closing.

Restrictions: Any recorded restrictions (if any) and zoning regulations apply.

Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Personal Property: Cash, credit card or check day of sale with proper ID. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt

Auctioneer’s Note: Any announcements made the day of the sale take precedence over printed material or any other oral statements made. Auction Company or owner is not responsible for accidents.

New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.





Directions

From I-24 Exit 27 (Calvert City exit) travel west US Hwy 62 1.5 miles past Dairy Queen arriving at property on right at US Hwy 62 & Hwy 95 intersection. Signs posted.

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