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ABSOLUTE LAND AUCTION +/- 11.052 PRIME DEVELOPMENT ACRES ZONED ML-LIGHT INDUSTRY Paducah, Ky
Auction Dates
Starts: Sat, Nov 3, 2018 10:00AM
Description
ABSOLUTE LAND AUCTION
+/- 11.052 PRIME DEVELOPMENT ACRES
ZONED ML-LIGHT INDUSTRY
ATTENTION LAND BUYERS, INVESTORS & DEVELOPERS
ACREAGE TO BE OFFERED IN 2 TRACTS SEPARATE OR COMBINED
JUST MINUTES FROM KY OAKS MALL, NEAR RURAL KING FARM STORE, ACROSS FROM SHOOTER’S SUPPLY & +/- 1.4 MILES FROM I-24
With the economy thriving and the development of new businesses on the rise, land prices are sure to increase. This attractive parcel boasts numerous manufacturing and commercial uses making these types of properties hard to come buy. Now is the time to take advantage of this exciting opportunity!
David Nelson (270) 556-1858 Agent Broker Co-op with Purchase Realty Group of Paducah.
When: Saturday, November 3rd, 2018 @ 10:00 AM
Where: Auction will be held off-site adjacent to the subject property at 3950 Old Cairo Rd. Paducah, KY 42001 directly across from Shooter’s Supply. There is an outbuilding at this location so we can move indoors in case of inclement weather. The auction will be held outdoors if weather cooperates.
Directions: Subject property does not have a designated PVA address, directions are as follows: Starting from I-24 exit 3 & Old Cairo Rd./KY-305 E take Old Cairo Rd./KY-305 E 1.4 miles turning right on Legeay Lane across from Shooter’s Supply. Continue on Legeay Lane +/- 500’ arriving at property on right. Signs posted.
TOTAL ACREAGE +/- 11.052
Breakdowns:
The current zoning is Light Industry. Nearly the entire 11 acres is currently in crops. Please respect the crops and do not enter the fields with heavy vehicles. The property will be offered in 2 tracts separate or combined to the highest and best bid/s. If purchased in its entirety, this parcel contains +/- 578’ of excellent road frontage. Nearly 100% of the property is tillable reducing costly clearing expenses. The entire property has great curb appeal, and is high ground that drains well and is not in any current flood plain.
Utilities: Water, natural gas, with sewers in close proximity to subject property.
Terms of Auction
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. Showings are by appointment only or between the hours of 8:00 A.M.-10:00 A.M. on day of auction. Announcements day of auction will take precedence over any previous marketing, either written or oral.
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.
+/- 11.052 PRIME DEVELOPMENT ACRES
ZONED ML-LIGHT INDUSTRY
ATTENTION LAND BUYERS, INVESTORS & DEVELOPERS
ACREAGE TO BE OFFERED IN 2 TRACTS SEPARATE OR COMBINED
JUST MINUTES FROM KY OAKS MALL, NEAR RURAL KING FARM STORE, ACROSS FROM SHOOTER’S SUPPLY & +/- 1.4 MILES FROM I-24
With the economy thriving and the development of new businesses on the rise, land prices are sure to increase. This attractive parcel boasts numerous manufacturing and commercial uses making these types of properties hard to come buy. Now is the time to take advantage of this exciting opportunity!
David Nelson (270) 556-1858 Agent Broker Co-op with Purchase Realty Group of Paducah.
When: Saturday, November 3rd, 2018 @ 10:00 AM
Where: Auction will be held off-site adjacent to the subject property at 3950 Old Cairo Rd. Paducah, KY 42001 directly across from Shooter’s Supply. There is an outbuilding at this location so we can move indoors in case of inclement weather. The auction will be held outdoors if weather cooperates.
Directions: Subject property does not have a designated PVA address, directions are as follows: Starting from I-24 exit 3 & Old Cairo Rd./KY-305 E take Old Cairo Rd./KY-305 E 1.4 miles turning right on Legeay Lane across from Shooter’s Supply. Continue on Legeay Lane +/- 500’ arriving at property on right. Signs posted.
TOTAL ACREAGE +/- 11.052
Breakdowns:
- Entire Acreage: +/- 578’ of Legeay Lane road frontage x +/- 718’ deep x +/- 672’ across the back x +/- 536’ towards Legeay Lane with a small offset in this lot line consisting of +/- 165’ x +/- 137’ returning back to Legeay Lane starting point.
- Tract #1: +/- 4.7275 acres with +/- 289’ of Legeay Lane road frontage x +/- 718’ deep x +/- 288’ across the back x +/- 713’ back to starting point on Legeay Lane.
- Tract #2: +/- 6.3245 acres with +/- 289’ of Legeay Lane road frontage x +/- 713’ deep x +/- 384’ across the back x +/- 536’ back towards Legeay Lane with a small offset in this lot line consisting of +/- 165’ x +/- 137’ returning back to Legeay Lane starting point.
The current zoning is Light Industry. Nearly the entire 11 acres is currently in crops. Please respect the crops and do not enter the fields with heavy vehicles. The property will be offered in 2 tracts separate or combined to the highest and best bid/s. If purchased in its entirety, this parcel contains +/- 578’ of excellent road frontage. Nearly 100% of the property is tillable reducing costly clearing expenses. The entire property has great curb appeal, and is high ground that drains well and is not in any current flood plain.
Utilities: Water, natural gas, with sewers in close proximity to subject property.
Terms of Auction
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. Showings are by appointment only or between the hours of 8:00 A.M.-10:00 A.M. on day of auction. Announcements day of auction will take precedence over any previous marketing, either written or oral.
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.
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