Commercial Building and 1+/- Acres, 1.43 Acres & 2.81 Acres at Live/Online Auction
Friday, December 8th, 2023 at 1:30PM
10315 West Hwy 80 Nancy, Ky 42503
Preview: Friday, December 1st, 2024 from 3:00PM to 5:00PM
Tract 1 - Commercial Buildings & 1.567 Acres: Positioned strategically on West Hwy 80, this tract offers versatile spaces suitable for small businesses, storage, or mechanics, presenting an ideal investment opportunity.
Tract 2 - 2.81 Acres: Unlock the potential for development with this expansive commercial acreage, conveniently adjacent to existing buildings and boasting direct access from West Hwy 80.
Consider consolidating tracts 1 and 2 to craft a highly suitable property for your business requirements.
Tract 3 - 1.43 Acres: This corner lot, with road frontage on West Hwy 80 and Amy Lane, provides a high-visibility location perfect for businesses seeking prominence and accessibility.
Join us either on-site or online to bid on these exceptional properties. Why attend? Secure your stake in Somerset's thriving business landscape, explore the unique features of each tract, and capitalize on the growth potential of this dynamic location.
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2023. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.
MULTI-PARCEL "SIMULCAST" LIVE & ONLINE AUCTION INSTRUCTIONS/TERMS:
Ford Brothers, Inc. Online Auctions are timed events, so time is of the essence. At Ford Brothers Multi-Parcel auctions, to bid you must proceed to the catalog. Inside the catalog, you will need to bid on individual tracts of property, until combinations have been enabled. If you wish to bid on a combination of tracts, we suggest that you do not bid on individual tracts, because you can be placed in the lead on an individual tract of property at any time during the auction. Please check for announcements and notes from the software auctioneer in charge. There is NOT a max bid feature via the Multi-Parcel online auction platform. There are lots of announcements and warnings during auction, giving each bidder fair warning the auction will be closing. Please place bids in a timely manner. If you have any questions about bidding in the Multi-Parcel Simulcast format, be sure to give us a call at 606-679-2212.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
For more details, contact us today!
Matt Ford, Auctioneer