PRIME COMMERCIALLY ZONED +/- 7.69 ACRES NEAR KY OAKS MALL IN PADUCAH KY Paducah, KY

ABSOLUTE AUCTION

 

PRIME COMMERCIALLY ZONED ACREAGE IN PADUCAH, KY

PROPERTY CONTAINS +/-7.669 ACRES

EXCELLENT VISIBILITY * +/- 22,000 TRAFFIC COUNT DAILY

LOCATED BETWEEN THE NEW MCCRACKEN COUNTY HIGH SCHOOL & KY OAKS MALL SHOPPING AREA ON THE NEW HWY 60

LOCATION - LOCATION - LOCATION

ATTN: AUTOMOBILE DEALERS * HOTEL CHAINS * RESTAURANTS RETAILERS * DEVELOPERS * INVESTORS & MORE!

EXCITING OPPORTUNITY!

 

• BROKER PARTICIPATION INVITED
• REGISTRATION REQUIRED
• UNDERGROUND ELECTRICAL SERVICE & NATURAL GAS PRESENT
• CALL FOR DETAILS!

 

CLICK ON DOCUMENTS TAB AT THE BOTTOM OF THE PAGE FOR AEIRALS. AUCTIONZIP VIEWERS MUST GO TO
WWW.COLSONSELLS.COM FOR AEIRALS

WHEN: SATURDAY, MARCH 22ND @ 10AM

WHERE: 5955 NEW HWY 60 PADUCAH, KY 42001

AUCTION HELD ON SITE RAIN OR SHINE

DIRECTIONS: From I-24 Exit 4 (Ky. Oaks Mall exit) take Hwy 60 west 1.6 miles arriving at property on right just past TSC. Signs posted.

 

KEY POINTS:

• ZONED COMMERCIAL

• NEW HWY 60 ACCESSIBILITY

• JSA SEWER PRESENT ON FRONT, SIDE & REAR OF SUBJECT PROPERTY

• CITY WATER AVAILABLE ON FRONT OF SUBJECT PROPERTY

• OUTSTANDING LOCATION

• HIGH TRAFFIC COUNT WITH GREAT VISIBILITY

• +/-281.76 FT OF NEW HWY 60 ROAD FRONTAGE

 

PROPERTY DESCRIPTION: This property contains +/-7.699 acres and is situated on New Hwy 60 between Ky. Oaks Mall retail shopping area and the New McCracken County High School. Ky. Oaks Mall is an enclosed super-regional shopping mall in Paducah, Kentucky that includes more than 90 inline stores. Its anchor stores comprise of Sears, JC Penny, Best Buy, Elder Beerman, a Dillard’s store divided into two sub-stores, and Dick’s Sporting Goods. Considering the new McCracken Co School, Ky. Oaks Mall retail area with over 90 retailers and restaurants & the close proximity to Interstate -24, this is a rare opportunity to purchase this outstanding property for future development.

AUCTIONEER’S NOTE: A phase 1 study has been conducted according to ASTM practice and revealed no evidence of recognizable environmental conditions in connection with subject property. Report can be reviewed upon request.

NEARBY ATTRACTIONS

AIRPORT

BARKLEY REGIONAL AIR FIELD

 

SCHOOLS

MCCRACKEN CO. HIGH SCHOOL

CONCORD ELEMENTARY SCHOOL

 

RETAILERS

KY OAKS MALL WITH OVER 90 IN LINE RETAILERS

KOHL’S

LOWE’S

HOME DEPOT

GANDER MOUNTAIN

GOLF COMPLEX

SEARS

JCPENNEY

DICK’S SPORTING GOODS

WAL-MART

SAM’S

GANDER MOUNTAIN

CLAYTON HOMES

 

RESTAURANTS

CHIC-FIL-A

CRACKER BARREL

OLIVE GARDEN

RED LOBSTER

LOGAN’S ROADHOUSE

TEXAS ROADHOUSE

TGI FRIDAYS

OUTBACK STEAKHOUSE

 

ENTERTAINMENT

CINEMARK THEATERS

CHUCK E CHEESE

 

HOTELS

DRURY SUITES

HOLIDAY INN EXPRESS

COURTYARD BY MARRIOTT

CANDLEWOOD SUITES

FAIRFIELD INN AND SUITES

Also medical facilities, fitness centers, c-marts, automobile dealerships & much more!

ZONING PERMITTED USES BELOW

Section 45 – Commercial (C)

The purpose of this zone is to provide an area for commercial activity. Any use allowed in the AG, RR, or UR zone

1. Automobile Sales and Service

2. Boat Sales and Service

3. Commercial Storage

4. Eating Establishments

5. Funeral Home

6. Hotels and Bed & Breakfast Inns

7. Mobile and Manufactured Home Sales

8. Personal Services

9. Professional Services

10. Places of Assembly

11. Professional Offices

12. Retail Establishments

13. Theater

14. Trade, Business, or Art Schools

15. Other similar uses as provided by the Planning Commission following a public hearing.

 

Terms of Auction:

Real Estate: 15% good faith deposit due day of sale. Balance due in 30 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Announcements day of auction 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 General 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 & Disclaimer: 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, and no warranty or representation, either express 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. No liability for its accuracy, errors or omissions is assumed by the sellers 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.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.

Auctioneer's Note: Auction held on site, rain or shine.

Attention Brokers: Agents procure your buyers now. Call for details. 270-444-0031