Auction  Details

Proven Trust

Proven Experience

Proven Results

Type

Live On-Site Auction

Auction Dates

Starts: Sat, May 6, 2023 10:00AM

Description

ABSOLUTE LAND AUCTION
CONSISTING OF ± 104.8 TOTAL  ACRES


DENTON PROPERTY INDUSTRIAL PARK POTENTIAL * UNIMPROVED W/ALL UTILITIES MCCRACKEN COUNTY PROPERTY READY FOR DEVELOPMENT
 
* PRIME DEVELOPMENT ACREAGE
* NUMEROUS POSSIBILITIES
* OFFERED IN 4 TRACTS SEPARATE OR COMBINED
* SELLS TO THE HIGHEST BIDDER/S
* ATTENTION DEVELOPERS, INVESTORS
* HOME BUILDERS & FARMERS
* PROPERTY HAS BEEN SHARECROPPED FOR YEARS
* NO CURRENT LEASE OR SHARECROPPING IN EFFECT
   FOR 2023




Property Address: 4100 Old Benton Rd. Paducah, KY 42003

Link to videoABSOLUTE AUCTION - MAY 6TH / 10 AM - YouTube

Directions to Subject Property: Starting from I-24 Exit 11 & John Puryear Dr. Intersection take John L Puryear Dr. west +/- 2.2 miles. Turn left onto Oaks Rd./Silk Tree Blvd. Turn right onto Old Benton Rd. continuing +/- 0.5 miles arriving at subject property on left. Signs posted.


When: Saturday, May 6th, 2023 @ 10 AM
Where: Auction held off-site & indoors at Reidland United Methodist Church Fellowship Hall located @ 5515 Reidland Rd. Paducah, KY 42003. This location is +/- 1.7 miles from the subject property and is located next door to the McCracken County Board of Education Offices, formerly known as Reidland High School.


Tracts:

Tract 1: +/- 1.4 Acres (less roads) w/all utilities, access from   Georgia St.
Tract 2: +/- 3.3 Acres (less roads) w/all utilities, access from  Georgia St.
Tract 3: +/- 2.5 Acres (less roads) w/all utilities, access from  Georgia St. & Old Benton Rd. (Hwy 284)
Tract 4: +/- 86.2 Acres (less roads) w/all utilities, access from Georgia St. & Old Benton Rd. (Hwy 284)


Highlights:
  • +/- 78 Acres zoned ML Light Industry
  • +/- 8.2 Acres zoned UR Urban Residential
  • Road frontage on Old Benton Rd. (Hwy 284) & Georgia St.
  • Municipal water, sewer, & gas
  • Survey plat available
  • Manufacturing/production facilities are permissible
  • Apartments, multi-family housing permissible
  • RV park/mobile home community permissible
  • Farming/agricultural permissible
  • Raw land unimproved except for entrance

This outstanding parcel was marketed by the Greater Paducah Economic Development Program before the passing of the Late John T. Denton Sr. & his loving wife Mary Louise “Lou” Denton.

The Greater Paducah Economic Development Program’s mission is to recruit companies that provide quality jobs to meet today’s cost of living standards and to recommend any number of Industrial Parks that may be a good fit for the potential Employer/Developer in question.

Chris Colson Auction & Realty is proud to announce that the beneficiaries of this outstanding property have decided to sell. The +/- 104 acres will be offered to the general public & sold at public auction to the highest bidder/s on May 6th.

Consider these Amenities:
This property is in the McCracken County School District & is approximately 1,400 feet southeast of the Paducah City limits. The nearest Interstate Hwy is I-24 located +/- 4.2 miles from site. The nearest commercial airport is Barkley Regional Airfield located +/- 13.4 miles from the subject property. Illinois Central Railroad (twin tracks) is adjacent to Northern Site boundary, Clarks River adjacent to the Eastern Site boundary, Ky St. approved concrete ingress/egress off Old Benton Rd. (Hwy 284) on the Southern Site boundary, and Georgia St. giving ingress/egress to the Western Site boundary. Western Ky. Gas, Paducah Power, & Paducah Water serve the subject property. JSA gravity fed and forced main sewer lines on subject property.


Permitted zoning applications are as follows:
  • ML Light Industry
  • Commercial
  • Urbanizing Residential
  • Rural Residential
  • Agricultural
A few examples of permitted uses are RV parks, manufacturing, fabrication, warehouses, animal hospital or kennel, wholesale establishments, residential dwellings, assembly buildings, commercial parking lots & garages, retail establishments, variety stores, mobile home parks, beauty & barber shops, commercial greenhouses, nursing homes, bed & breakfast, multi-family dwellings such as apartments & duplexes, places of worship, assisted care dwellings, & more! Please check with your local regulators on any related questions you may have pertaining to zoning & permitted uses.



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.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple 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. Property is selling subject to right of public use of dedicated roadways, alleys & existing utilities.

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. 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 off-site indoors @ Reidland United Methodist Church Fellowship Hall located @ 5515 Reidland Rd. Paducah, KY 42003. This location is +/- 1.7 miles for the subject property and is located next door to the McCracken County Board of Education Offices, formerly known as Reidland High School. 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

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.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple 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. Property is selling subject to right of public use of dedicated roadways, alleys & existing utilities.

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. 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 off-site indoors @ Reidland United Methodist Church Fellowship Hall located @ 5515 Reidland Rd. Paducah, KY 42003. This location is +/- 1.7 miles for the subject property and is located next door to the McCracken County Board of Education Offices, formerly known as Reidland High School. 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

Directions to Subject Property: Starting from I-24 Exit 11 & John Puryear Dr. Intersection take John L Puryear Dr. west +/- 2.2 miles. Turn left onto Oaks Rd./Silk Tree Blvd. Turn right onto Old Benton Rd. continuing +/- 0.5 miles arriving at subject property on left. Signs posted.
 

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