Auction Details
Proven Trust
Proven Experience
Proven Results
ABSOLUTE AUCTION PRIME COMMERCIAL PROPERTY! OUTSTANDING LONE OAK LOCATION! Paducah, KY
Auction Dates
Starts: Thu, Nov 2, 2017 12:00PM
Description
ABSOLUTE AUCTION
PRIME UR/COMMERCIAL DEVELOPMENT PROPERTY!
OFFERED IN 3 TRACTS TOTALING +/- 7.765 ACRES
UTILITIES AVAILABLE FOR ALL 3 TRACTS
TRACTS TO BE OFFERED SEPARATE OR COMBINED
OUTSTANDING LONE OAK LOCATION!
(FORMERLY MYERS SUPPLY COMPANY)
ATTENTION DEVELOPERS, INVESTORS & BUILDERS
DEVELOPMENT PROPERTIES THIS ATTRACTIVE IN LONE OAK ARE SCARCE!
ZONED COMMERCIAL/URBAN RESIDENTIAL
THIS OUTSTANDING PROPERTY HAS MANY PERMITTED USES INCLUDING:
RESTAURANTS, RETAIL, OFFICES, MULTI-FAMILY, STORAGE,
ASSISTED CARE HOMES, NURSING HOMES, ETC.
HIGHLIGHTS:
+/- 7.765 Acres
+/- 12,000 Sq. Ft. Primary building
+/- 27,2000 Sq. Ft. of Warehouse Space
Several Existing Structures
Zoned Commercial/Urban Residential
4 Separate Entrances to Property
Very High Traffic Visibility
All Utilities Present
Excellent Development Potential
Outstanding Location
When: Thursday, November 2, 2017 @ 5:00 P.M.
Where: 3435 Lovelaceville Rd., Paducah, KY. 42001
Auction held on site rain or shine.
Directions: From I-24 Exit 7 (Lourdes Hospital exit) travel southwest on Lone Oak Rd/Hwy 45 1.5 miles. Turn right onto Lovelaceville Rd. arriving at property in 0.1 mile on right. Signs posted.
Amy Brock co-oping agent with Keller Williams Commercial
Virtual tour link:
3435 Lovelaceville Rd - Paducah, KY
Real Estate: Consider this prime commercial property located on +/- 7.7658 acres in the heart of Lone Oak! Formerly known as Myers Supply Company. This property boasts 6 buildings complete w/abundant warehouse & office space, excellent road frontage, & 4 separate entrances including Lovelaceville Road, Pepper Lane, Delaware Street, and North Concord Avenue. Nearly all of Lone Oak commercial property has been developed but this is an exciting opportunity to purchase one of the few remaining parcels. This is a rare opportunity that you won't want to miss out on!
Traffic Count: North of Lone Oak Road & Lovelaceville Rd./Hwy. 1322 intersection traffic count was +/- 26,400 in 2016, south of intersection +/- 20,900 in 2016 and on Hwy. 1322 +/- 6,500 in 2015.
Exterior Overview: 6 large commercial buildings, large parking areas with dense grade aggregate rock access and parking, fenced areas, +/- 3 acres yet to be developed, +/- 1,000-gallon fuel tank w/electric pump on property. Warehouse Buildings 1-5: Post & beam construction w/metal roofing & sides, concrete aprons with protective bollards. Main Showroom/Office Building 6: Masonite siding, asphalt shingled roof, engineered trusses, & plywood soffits.
Tract #1: Tract #1 contains main retail building with large showroom, offices, plenty of parking, & all utilities. This tract contains +/- 1.1176 acres and is served by
+/- 285’ of Lovelaceville Rd. road frontage located just off of Lone Oak Road.
Tract #2: Tract #2 contains +/- 4.154 acres with #1 - #5 large warehouse buildings, power and adequate parking. This tract is served by 3 entrances consisting of a 40’ public street off of Pepper Lane, a 40’ public street off of Delaware Street and 75’ of ownership off of North Concord Avenue. There is a home on 131 North Concord Avenue on tract 2 which currently serves as an investment rental property. There is plenty of room to ingress & egress around the existing home or if more room is needed the home can be razed opening up a 75’ entrance. Home consist of +/- 1,200 sq. ft. on the main level, +/- 1,000 sq. ft. in the basement, 2 bedrooms, 1 bath, vinyl siding, dimensional shingles, enclosed front porch, & detached garage.
Tract #3: Tract #3 contains +/- 2.494 acres & is mostly unimproved. This tract is served by 2 entrances: a 40’ public street off of Pepper Lane, & a 40’ public street off of Delaware Street.
Interior Overview: Concrete floors & electrical service throughout all buildings.
Primary Building 6: (main building) +/- 100’ x +/- 120’ w/17’ tall ceiling, exposed painted central air ductwork at ceiling height, sprinkler system, drop ceiling, & ceiling fans. This building contains multiple central HVAC systems to ensure a comfortable climate controlled environment throughout. Large Show Room: This +/- 84’ x +/- 118’6” showroom boasts numerous possibilities for businesses.
Public Restrooms: +/- 14’ x +/- 23’. Office Space: +/- 14’ x +/- 23’. Electrical Room: +/- 14’ x +/- 19’ with 600 amp electrical service.
Primary Building 2nd Floor: Computer Room: +/- 10’ x +/- 14’ w/carpeted flooring. Office Space: +/- 14’ x +/- 20’ w/carpeted flooring, florescent lighting, casement windows, oak cabinets, & crown molding.
Primary Building 3rd Floor Warehouse: Clear span +/- 35’6” x +/- 100’ w/14’T ceiling with engineered trusses. Access to 3rd floor warehouse is by steps on outside of main building. There is also an overhead door accessible by forklift for ease of storage.
Warehouse Buildings 1&2: +/-80’ x +/- 120’ w/2- 12’ x 16’ overhead doors in front & back of #1 building & 2-20’ x 16’ overhead doors in front & back of #2 building. Building #1 +/- 14’6” x +/- 120’ inside balcony storage adjacent to outside wall & bonus storage located in the center of buildings, electrical service & a walk through exterior door. Buildings 1&2 contain 20’ ceiling heights. Lean-To: +/- 24’ x +/- 120’ open on both ends of the building with one wall finished w/OSB board, engineered trusses, and skylights
Warehouse Buildings 3&4: +/- 80’ x +/- 120’ w/2-24’ x 16’ overhead doors in front & 2-24’ x 16’ doors in back of the buildings, balcony storage, engineered trusses, skylights, & sub-panel breaker box. Buildings 3&4 contain 20’ ceiling heights.
Lean-To: +/- 24’ x +/- 120’ open on both ends of the building.
Warehouse Buildings 1&2 and Warehouse Buildings 3&4 are connected in the middle by large lean to with overlapping metal roofing. These buildings combined contain
+/- 208’ x +/- 120’ under roof with concrete flooring.
Warehouse Building 5: +/- 80’ x +/- 100’ w/loading dock, 24’tall ceiling, 2- 16’ x 24’ overhead doors, engineered trusses, +/- 12’ x +/- 110’ balcony for additional storage overhead, florescent lighting, & 200 Amp breaker panel.
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 3 P.M. & 5 P.M. on day of auction with the auction starting at 5 P.M. 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.
Auctioneer’s Note: Auction held on site, rain or shine. Any announcements made day of 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
PRIME UR/COMMERCIAL DEVELOPMENT PROPERTY!
OFFERED IN 3 TRACTS TOTALING +/- 7.765 ACRES
UTILITIES AVAILABLE FOR ALL 3 TRACTS
TRACTS TO BE OFFERED SEPARATE OR COMBINED
OUTSTANDING LONE OAK LOCATION!
(FORMERLY MYERS SUPPLY COMPANY)
ATTENTION DEVELOPERS, INVESTORS & BUILDERS
DEVELOPMENT PROPERTIES THIS ATTRACTIVE IN LONE OAK ARE SCARCE!
ZONED COMMERCIAL/URBAN RESIDENTIAL
THIS OUTSTANDING PROPERTY HAS MANY PERMITTED USES INCLUDING:
RESTAURANTS, RETAIL, OFFICES, MULTI-FAMILY, STORAGE,
ASSISTED CARE HOMES, NURSING HOMES, ETC.
HIGHLIGHTS:
+/- 7.765 Acres
+/- 12,000 Sq. Ft. Primary building
+/- 27,2000 Sq. Ft. of Warehouse Space
Several Existing Structures
Zoned Commercial/Urban Residential
4 Separate Entrances to Property
Very High Traffic Visibility
All Utilities Present
Excellent Development Potential
Outstanding Location
When: Thursday, November 2, 2017 @ 5:00 P.M.
Where: 3435 Lovelaceville Rd., Paducah, KY. 42001
Auction held on site rain or shine.
Directions: From I-24 Exit 7 (Lourdes Hospital exit) travel southwest on Lone Oak Rd/Hwy 45 1.5 miles. Turn right onto Lovelaceville Rd. arriving at property in 0.1 mile on right. Signs posted.
Amy Brock co-oping agent with Keller Williams Commercial
Virtual tour link:
3435 Lovelaceville Rd - Paducah, KY
Real Estate: Consider this prime commercial property located on +/- 7.7658 acres in the heart of Lone Oak! Formerly known as Myers Supply Company. This property boasts 6 buildings complete w/abundant warehouse & office space, excellent road frontage, & 4 separate entrances including Lovelaceville Road, Pepper Lane, Delaware Street, and North Concord Avenue. Nearly all of Lone Oak commercial property has been developed but this is an exciting opportunity to purchase one of the few remaining parcels. This is a rare opportunity that you won't want to miss out on!
Traffic Count: North of Lone Oak Road & Lovelaceville Rd./Hwy. 1322 intersection traffic count was +/- 26,400 in 2016, south of intersection +/- 20,900 in 2016 and on Hwy. 1322 +/- 6,500 in 2015.
Exterior Overview: 6 large commercial buildings, large parking areas with dense grade aggregate rock access and parking, fenced areas, +/- 3 acres yet to be developed, +/- 1,000-gallon fuel tank w/electric pump on property. Warehouse Buildings 1-5: Post & beam construction w/metal roofing & sides, concrete aprons with protective bollards. Main Showroom/Office Building 6: Masonite siding, asphalt shingled roof, engineered trusses, & plywood soffits.
Tract #1: Tract #1 contains main retail building with large showroom, offices, plenty of parking, & all utilities. This tract contains +/- 1.1176 acres and is served by
+/- 285’ of Lovelaceville Rd. road frontage located just off of Lone Oak Road.
Tract #2: Tract #2 contains +/- 4.154 acres with #1 - #5 large warehouse buildings, power and adequate parking. This tract is served by 3 entrances consisting of a 40’ public street off of Pepper Lane, a 40’ public street off of Delaware Street and 75’ of ownership off of North Concord Avenue. There is a home on 131 North Concord Avenue on tract 2 which currently serves as an investment rental property. There is plenty of room to ingress & egress around the existing home or if more room is needed the home can be razed opening up a 75’ entrance. Home consist of +/- 1,200 sq. ft. on the main level, +/- 1,000 sq. ft. in the basement, 2 bedrooms, 1 bath, vinyl siding, dimensional shingles, enclosed front porch, & detached garage.
Tract #3: Tract #3 contains +/- 2.494 acres & is mostly unimproved. This tract is served by 2 entrances: a 40’ public street off of Pepper Lane, & a 40’ public street off of Delaware Street.
Interior Overview: Concrete floors & electrical service throughout all buildings.
Primary Building 6: (main building) +/- 100’ x +/- 120’ w/17’ tall ceiling, exposed painted central air ductwork at ceiling height, sprinkler system, drop ceiling, & ceiling fans. This building contains multiple central HVAC systems to ensure a comfortable climate controlled environment throughout. Large Show Room: This +/- 84’ x +/- 118’6” showroom boasts numerous possibilities for businesses.
Public Restrooms: +/- 14’ x +/- 23’. Office Space: +/- 14’ x +/- 23’. Electrical Room: +/- 14’ x +/- 19’ with 600 amp electrical service.
Primary Building 2nd Floor: Computer Room: +/- 10’ x +/- 14’ w/carpeted flooring. Office Space: +/- 14’ x +/- 20’ w/carpeted flooring, florescent lighting, casement windows, oak cabinets, & crown molding.
Primary Building 3rd Floor Warehouse: Clear span +/- 35’6” x +/- 100’ w/14’T ceiling with engineered trusses. Access to 3rd floor warehouse is by steps on outside of main building. There is also an overhead door accessible by forklift for ease of storage.
Warehouse Buildings 1&2: +/-80’ x +/- 120’ w/2- 12’ x 16’ overhead doors in front & back of #1 building & 2-20’ x 16’ overhead doors in front & back of #2 building. Building #1 +/- 14’6” x +/- 120’ inside balcony storage adjacent to outside wall & bonus storage located in the center of buildings, electrical service & a walk through exterior door. Buildings 1&2 contain 20’ ceiling heights. Lean-To: +/- 24’ x +/- 120’ open on both ends of the building with one wall finished w/OSB board, engineered trusses, and skylights
Warehouse Buildings 3&4: +/- 80’ x +/- 120’ w/2-24’ x 16’ overhead doors in front & 2-24’ x 16’ doors in back of the buildings, balcony storage, engineered trusses, skylights, & sub-panel breaker box. Buildings 3&4 contain 20’ ceiling heights.
Lean-To: +/- 24’ x +/- 120’ open on both ends of the building.
Warehouse Buildings 1&2 and Warehouse Buildings 3&4 are connected in the middle by large lean to with overlapping metal roofing. These buildings combined contain
+/- 208’ x +/- 120’ under roof with concrete flooring.
Warehouse Building 5: +/- 80’ x +/- 100’ w/loading dock, 24’tall ceiling, 2- 16’ x 24’ overhead doors, engineered trusses, +/- 12’ x +/- 110’ balcony for additional storage overhead, florescent lighting, & 200 Amp breaker panel.
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 3 P.M. & 5 P.M. on day of auction with the auction starting at 5 P.M. 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.
Auctioneer’s Note: Auction held on site, rain or shine. Any announcements made day of 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
join our email list