Auction  Details

Proven Trust

Proven Experience

Proven Results

Auction Dates

Starts: Sat, Mar 4, 2017 10:00AM

Ends: Sat, Mar 4, 2017 10:00PM

Description

ABSOLUTE AUCTION
FORMERLY DRIFTERS & TWISTIN' 50’S CAFÉ RESTAURANT
2 BUILDINGS WITH +/- 5,956 SQ. FT. & RESTAURANT EQUIPMENT

ATTRACTIVE COMMERCIAL PROPERTY!
CLOSE PROXIMITY TO EXIT 11 INTERSTATE 24!
HIGH TRAFFIC AREA WITH EXCELLENT VISIBILITY!


± 2.9 ACRES ZONED LIGHT INDUSTRY M-1
EXCELLENT PARKING WITH POWER, WATER & SEWER
2 MULTI-FUNCTIONAL BLDGS. WITH MANY PERMITTED USES

ALSO SELLING: COMMERCIAL RESTAURANT EQUIPMENT,
SS PREP TABLES, SS COOLERS, SS EXHAUST HOOD SYSTEM,
SS MEAT SLICER, SS GAS GRILLS, SS 3 BAY SINK, FLATWARE,
DRINKING GLASSES, DINING TABLES, BOOTHS, CHAIRS, ETC.



When: Saturday, March 4, 2017 @10 A.M.
Where: 2650 John Puryear Dr., Paducah, KY 42003

Auction held on site rain or shine.

Directions: From I-24 Exit 11 travel north on St. Hwy. 1954/John Puryear Dr. 0.6 miles arriving at property on right. Signs posted


Real Estate: Consider this prime commercial property with 2 large buildings consisting of office space, two dining rooms, storage room, kitchen, his/her restrooms, covered outdoor patio & an open area warehouse with tall ceilings. Located on one of Southside Paducah’s most highly traveled highways, this property boasts excellent visibility & road frontage w/easy access to/from I-24.

Exterior Overview: Paved drive & parking lot lead to two metal buildings connected by an enclosed walkway. Both buildings feature long-lasting metal roofs; the restaurant portion includes an exterior exhaust system. Two sides of the property are protected by a chain link fence w/additional parking available on white rock adjacent to the main lot.

Interior Overview: Concrete, tile, carpet, & laminate flooring w/drywall, pressed chipboard, wainscoting, & drop ceiling throughout. Buildings are connected by +/- 10’ +/- 22’ hallway.

Restaurant:
Restaurant building consists of +/- 3,336 sq. ft. under roof. Main Dining Room: +/- 39’6” x +/- 35’6” w/tile flooring, drywall, knotty pine wainscoting, 10’ drop ceiling, built-in counter/bar, 2 ceiling fans w/lights, 4’ long florescent lights (9), & double glass doors for ingress/egress. Small Dining Room: +/- 15’ x +/- 31’6” w/tile flooring, drywall, drop ceiling, & 4’ long florescent lights (3). Kitchen: +/- 19’ x +/- 32’ w/concrete floor, drywall, drop ceiling, stainless steel exhaust fan hood with fire suppression, 200-Amp breaker panels (2), stainless steel 3 compartment sink, window air conditioner, & Whirlpool 80-gallon water heater. Office: +/- 10’2” x +/- 15’6” w/carpeted flooring, drywall, & drop ceiling. Store Room: +/- 8’3” x +/- 11’. His & Her Restrooms: +/- 8’ x +/- 9’ each w/tile flooring, drywall, & drop ceiling.

Warehouse/Storage: Building consists of +/- 2,400 sq. ft. under roof. Interior dimensions consisting of +/- 35’3” x +/- 58’ w/concrete flooring, pressed chipboard walls & 14’ drop ceiling, +/- 32’long bar w/24’mirror behind. His Restroom: +/- 5’ x +/- 15’ w/stall & urinal. Her Restroom: +/- 5’ x +/- 15’ w/2 stalls.

Outdoor Covered Patio: +/- 12’ x +/- 16’ w/metal roof, chipboard floor, vinyl siding on one side wall, w/remaining 3 open. Entire patio area is surrounded by +/- 40’ x +/- 40’ Dog-Ear style wood fence (6’ tall).

Utilities: 5 HVAC systems as follows: 1-Heil gas pack model #PGF04210 for heating/cooling warehouse, Rheem model # RAFD-060 JDS compressor split-system HVAC for warehouse, 2-Heil gas packs for kitchen model # DAYA-F060N1356 & other model number not legible. One additional Heil gas pack for smaller dining room & 500 gallon propane tank supplies all furnaces


Personal Property

Portable Building: 8’ x 10’

Walk-In Cooler: 6’ x 8’

Restaurant Furniture/Supplies: wooden highchairs (2), booster seats (2), stainless steel serving table w/casters, busing cart, wooden top tables w/metal pedestal (+/- 33), cushioned chairs w/metal legs (+/- 166), cushioned bar stools w/chrome legs (6), dining booths w/cushioned seats (6), wooden chairs (6), bar stools w/cushioned back & metal legs (+/- 14), utensil trays, forks (+/-50), knives (+/- 50), steak knives (+/- 24), plates (+/- 50), bowls (+/- 25), saucers (+/- 50), sugar jars w/lids (+/- 19), jelly containers (+/- 21), drinking glasses (+/- 58), water glasses (+/- 25), pedestal drinking glasses (+/- 27), coffee mugs (+/- 74), sugar trays (+/- 25), misc. cooking utensils, plastic mugs (+/- 13), bread rack

Kitchen Equipment: General SM-12A meat slicer (115 volt), 14’ long 3 compartment sink, HiVel Systems 4’ x 12’ industrial vent hood with fire suppression system, 2’ x 4’ gas grill, Star 2’x 2’ gas cooktop, stainless steel prep tables (3), 4-slice toaster, GE electric stove, Star model # 548 TGE 4-burner electric grill, stainless steel horizontal refrigerator, Star 2-burner electric grill, American Range gas deep fryer, butcher block table w/steel legs, Estate model #TVF15FREW03 refrigerator, Frigidaire chest freezer, Master-Bilt horizontal cooler, stainless steel food prep pans, stainless steel 4-compartment warming tables (2), RB meat slicer, stainless steel food prep table w/casters (2), large stainless cooking pots (4), Duke 6-burner oven, cooler w/drink dispensers, True T-35 side by side stainless steel refrigerator, stainless steel 2-compartment warming tray, stainless steel refrigerators (2), Beverage Air model # DR71 drink cooler, Royal Mystic Drink cooler, Taylor scales

Electronics: Casio, Royal, & Sharp XE-A406 cash registers, Televisions: Sanyo 52”, Visio 52”, Flatron 42”, Sanyo flat screen

Misc: pedestal fan, 4-drawer metal filing cabinets (2), office chairs (3), office desk…..too much to list!


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. 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 AM -10:00 AM 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: Purchasers will have the following business day (Monday) to remove merchandise, if necessary. 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. Concessions provided by Rivertown Dogs.

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. Some misc. items in photos may not be selling. Refer to document inventory list for items that are selling.

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