Auction  Details

Proven Trust

Proven Experience

Proven Results

Auction Dates

Starts: Sat, Nov 17, 2018 10:00AM

Description

ABSOLUTE AUCTION
LARGE MULTI-USE OFFICE COMPLEX & OFFICE EQUIPMENT
LARGE WORKSHOPS, WAREHOUSES, OPEN STORAGE LEAN-TO STRUCTURE
ZONED LIGHT INDUSTRY * NUMEROUS PERMITTED BUSINESS USES
EXCELLENT LEASE/INVESTMENT OPPORTUNITY! * REDIVIDE INTO MULTIPLE UNITS


David Nelson (270) 556-1858 & Ronnie Dexter (270) 519-5368 with Purchase Realty Group of Paducah are cooperative agents.

HIGHLIGHTS:
  • EXCELLENT ROAD FRONTAGE VISIBILITY
  • ± 11,159 SQ. FT. W/28 OFFICES, 3 CONFERENCE ROOMS, & MORE!
  • LARGE SURPLUS OF OFFICE EQUIPMENT, FURNITURE, ETC.
  • 2 LARGE DRIVE-THROUGH STEEL STRUCTURE WORKSHOPS TOTALING ± 4,393’ SQ. FT.
  • +/- 3,200 SQ. FT. OF OPEN SHED STORAGE FOR EQUIPMENT & VEHICLES
  • REMOTE GATE ACCESS WITH ASPHALT PARKING LOT
  • SECURITY FENCE & LIGHTING
  • CENTRALLY LOCATED IN THE HEART OF PADUCAH
  • NEAR HOSPITALS, SCHOOLS, SHOPPING & DINING
  • BOUND BY HC MATHIS DR., N. 10TH ST. & P & L RAILROAD



When: Saturday, Nov. 17th @ 10:00 A.M.

Where: 960 HC Mathis Dr. Paducah, KY 42001

Directions: From I-24 Exit 4 (KY Oaks Mall Exit) travel east on Highway 60 East/Hinkleville Rd/Park Ave. 2.6 miles. Turn left on HC Mathis Dr. travel 0.9 miles arriving at property on right. Signs posted.

IMPORTANT AUCTIONEER’S NOTE:
OFFICE EQUIPMENT: Selling numerous pieces of office equipment such as desks, chairs, file cabinets, etc. NOTE: Not all office equipment in photos is selling. Check back on office equipment updates closer to auction date.

OFFICE COMPLEX INTERIOR:
This building is large enough to comfortably hold large businesses or can be redivided to hold 2 or 3 different businesses. Interior floor plan consists of:
  • +/- 28 small, medium & large offices
  • 3 large conference rooms (2 of the largest conference rooms +/- 37' x +/- 18' & +/- 21’ x +/- 49’ are pre-wired for ceiling projectors)
  • 2 storage rooms
  • 2 copy rooms
  • 2 kitchens
  • 1 computer server room climate controlled
  • 1 reception room
  • 1 records room
  • 5 bathrooms (Newer bathrooms are handicap accessible)
  • Lobby, break room, data storage, etc.
Interior flooring in the office complex mainly consists of tile, carpeting, linoleum, & finished concrete. Finished walls mainly consist of sheetrock & paneling. Ceilings mainly consist of suspended dropped ceiling.

OFFICE COMPLEX EXTERIOR:
Exterior consists of vinyl siding, metal siding with plenty of windows for natural light. Metal roof has been recently installed in the last 2-3 years.

LARGE WORKSHOPS:
  1. Workshop #1 is ± 21’ x ± 84’ = ± 1,764’ sq. ft.
  2. Workshop #2 is ± 31’ x ± 84’ = ± 2,604 sq. ft.
Both workshops are adjacent to each other. They are sturdy steel & wood framed construction with metal exterior. Each building contains an overhead railing system for lifting and repairing equipment. Also, hanging gas furnaces, numerous 110 & 220 volt receptacles, exhaust fans, sliding and overhead doors for drive-through convenience, fluorescent lighting, concrete floors, 1 bathroom, ± 14’ ceiling height, walk-through exterior doors, piping for compressed air

OPEN SHED LEAN TO: ± 140’ 14 bays of open storage lean to perfect for equipment, vehicles, etc.

ENCLOSED STEEL BUILDING: ± 36’ X ± 20’ enclosed steel structure perfect for workshop/storage with 10’ x 9’6” sliding access door, concrete floor, lighting, electrical (electrical may need upgrade)

OPEN SHED LEAN-TO: ± 24’ X ± 60’ 5 bays of open storage lean-to perfect for storage of vehicles, equipment, etc.

UTILITIES:
There are several 200 amp electrical panels with receptacles throughout providing more than ample service (Paducah Power). Public water & sewer, Atmos Energy natural gas, &
several HVAC systems are in place. Some package units and some split systems, all maintained and in good working condition.
Personal Property
Office Furniture: +/- 5 metal frame desks, wood desks, two drawer filing cabinets, 3 shelf rolling cart, +/- 30 conference room chairs, +/- 14 2’x5’ conference room tables, +/- 2 2’x6’workstations, 8’ wood table, +/- 7 school desks, L shape desks, 3’x7’ storage cabinet, +/- 2 5 drawer legal size filing cabinets, 4 drawer filing cabinets, +/- 3 computer tables +/- 3 storage cabinets, drawing table, rolling chairs, Wildlife & outdoor pictures, 2 drawer filing cabinet, credenza, 2 drawer legal size metal filing cabinet, 4’x8’ drop leaf table, 3’ round table, 5 drawer filing cabinet, 12’ Olive wood conference table, 4’x 8’ conference table

Appliances: Kenmore refrigerator


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 8:00 A.M.-10:00 A.M. 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 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: Auction held on site, rain or shine. Purchasers will have the following business day (Monday) to remove merchandise, if necessary. 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