ABSOLUTE AUCTION * COMMERCIAL BUILDING & PROPERTY Paducah, KY

COMMERCIAL BUILDING & PROPERTY

ATTENTION BUSINESS OWNERS, OPERATORS, DEVELOPERS & ENTREPRENEURS

• COMMERCIAL BUILDING WITH +/- 2,783 SQ. FT
• HIGH TRAFFIC VISIBILITY
• FORMERLY A BANK BRANCH/FINANCIAL INSTITUTION
• ACROSS FROM BOB’S DRIVE IN
• ZONED M-1 FOR COMMERCIAL/LIGHT INDUSTRIAL USE
• MULTI-USE FACILITY WITH LARGE ASPHALT PARKING LOT

BUILDING EXTERIOR & GROUNDS: Formerly a bank branch and more recently a pawnshop, this commercial building & lot boast many amenities. Consider a large asphalt parking lot with an underground rain drainage system, 3 flagpoles, lighted marquee sign, separate entrances from two streets & a large handicap-accessible sidewalk. The building has brick exterior and engineered steel trusses covered with a metal roof system. There is a covered 3 bay drive-up with +/- 1,283 sq ft under roof for banking transactions including a drive-up window, a Mosler underground canister vacuum system, numerous recessed & flood light fixtures mounted overhead, an alarm system, & 2 Mosler night time depositories.

INTERIOR: The interior contains +/- 2,783 sq. ft. on a concrete slab with a Bank Teller Office consisting of drive-up window, Mosler canister vacuum system, acoustic ceiling, fluorescent lighting, tile flooring, & several bookshelves. Also consider a Kitchen/Break room with sink, cabinets, & room for a refrigerator, Storage Room, Men’s & Women’s Bathrooms, Main Lobby area approximately 34’x40’ in size, acoustic ceiling tile, with both fluorescent & track lighting. Other interior amenities include numerous electrical receptacles, carpeted floors, and paneled & stucco walls. ELECTRONICS: Electronicsinclude a Mosler Photoguard Camera Security System, & Grasslin clock operated timer.

UTILITIES: Central HVAC, piped for natural gas, (Meter removed) electric hot water tank, 2-200 AMP service panels with disconnects, & 1-150 AMP service panel, city sewer & water.

BANK SECURITY VAULT: Approximately 10’x15’ in size, this vault is surrounded by concrete on top, bottom and all sides. The vault door by The Mossler Safe Co. out of Hamilton Ohio is heavy-duty constructed steel with massive locking bolts and heavy-duty hinges. There is an emergency ventilator inside vault as a safety precaution measure.

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 Company. Bidders are responsible for their own inspections and verifications either before or during day of auction. Showings by appointment only or 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 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, WHEREIS 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.

NEW INFORMATION, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information