ABSOLUTE AUCTION COMMERCIAL LAND Paducah, KY

ABSOLUTE AUCTION
THE LATE MARK RENO ESTATE

COMMERCIAL LAND

+/- 1.89 ACRES WITH EXCELLENT CORNER LOT VISIBILITY

ACCESS FROM STUART NELSON PARK RD
ZONED B3 COMMERCIAL
ELECTRIC, GAS, WATER, & SEWER PRESENT

+/- 0.4 MILES OFF US HWY 60 (PARK AVENUE)
NEAR KY OAKS MALL AREA


Auction to be held on site rain or shine
When: Thursday, September 1, 2016 @ 10:00 AM
Where: Stuart Nelson Park Rd.
Address: There is no appointed address by PVA. Property is located +/- ¼ mile down Stuart Nelson Park Rd. on right adjacent to Stuart Nelson Park. Signs posted.

Directions: From I-24 Exit 4 (Kentucky Oaks Mall exit) travel east on US Hwy. 60 1.5 miles turning left onto Stuart Nelson Park Rd. beside Linwood Motors. Proceed
+/- 0.4 miles arriving at property on right. Signs posted.

Real Estate: To settle the Late Mark Reno Estate, Chris Colson Auction & Realty Co. has been contracted to offer at absolute auction an attractive commercial parcel in the city of Paducah. The property is conveniently located near Ky. Oaks Mall shopping area off US Hwy 60 within +/- ¼ mile of Linwood Motors. Present utilities are city water, sewer, gas & electric. This attractive property also boasts +/- 264’ of easy access road frontage on Stuart Nelson Park Rd. No frontage on loop access road inside park but excellent visibility from inside the park. This property does adjoin Stuart Nelson Park on one side and Bluegrass Downs from the backside. Stuart Nelson Park Road contains several commercial businesses, some of them newly developed.

A partial list of Zoned B3 permitted uses include but not limited to:
Multi–family dwellings
Automotive sales service & repair
Wholesale establishments
Light industrial (as approved by Planning Commission)
Residential dwelling units
Hotels and motels
Places of amusement, assembly & recreation
Warehouses, storage buildings
Retail
Nursing homes
Professional office buildings
Day-care nurseries
Beauty shops
Drive-in establishments





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. 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. Showings are by appointment only or between the hours of 8:00 AM-10:00 AM 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.
Auctioneers Note: Auction held on site, rain or shine. Any announcements made the day of the 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.