ABSOLUTE AUCTION
PRIME DEVELOPMENT PROPERTY
47.9 (+/_) ACRES
FRIDAY, JULY 26, 2019 – 1:00 P.M.
CORNER OF HIGHWAYS 421 AND 840, HARLAN, KENTUCKY
AUCTION HELD AT THE HARLAN CENTER
SIMULCAST AUCTION – BID LIVE AT HARLAN CENTER OR ONLINE
DIRECTIONS TO SUBJECT PROPERTY: From the intersection of Highway 421 and Magnolia Avenue in Harlan, Kentucky, follow Hwy 421 north approximately 1/10 mile to the property on the west side of Hwy 421. Auction signs are posted.
AUCTION LOCATION: The auction will be conducted from the Harlan Center in downtown Harlan located at 201 South Main Street, Harlan, Kentucky.
DESCRIPTION: This approximately 47.9 acre property is bursting with development potential. It boasts an exceptional location with an abundance of frontage on three roads including the four lane Highway 421, Highway 840 and Fox Run Trail on one of the highest traffic corners in Harlan. Its visibility is unparalleled and it features a breathtaking view of the city of Harlan and its surrounding area. The opportunity to purchase a tract of this size in such a dynamic location is extremely rare.
This unique property is ripe for transformation into one of Harlan’s premiere developments benefiting the entire community and potentially generating a hefty income for an investor with a vision.
SIMULCAST AUCTION: This auction will feature live bidding at the Harlan Center as well as internet bidding at www.fordbrothersinc.com.
This auction is being conducted in cooperation with the Harlan County Master Commissioner, Karen Davenport. TERMS of the auction will be the traditional terms of the Harlan County Master Commissioner.
Upon the terms of cash on the date of sale or 10% down and the remainder on a credit of 30 days, and I will take from the purchaser a bond, with good and sufficient surety, for the purchase price, payable to myself, with interest at the rate of 12% per annum from date of sale, said bond to have the force and effect of a judgment, and I shall retain a lien upon the property so sold for further security on the payment of the purchase price, and any purchaser may pay off his bond at any time before maturity, with interest accrued up to the date of payment.