Commercial Building at Absolute Auction
Friday, October 26th, 2018 at 1:30p.m.
401 South Main Street Somerset, Ky 42501
(Across Street from Public Library)
Waits Hill – Somerset
This charming two story brick building on South Main Street offers an array of possibilities. Completely renovated in 2002 and currently utilized as office, retail and apartment spaces, this building is adaptable for many uses. The main floor of the building is currently utilized as office space and could be easily adapted for residential space. It has a large reception or living area, full kitchen and bath, and additional spaces that could be utilized for offices, bedrooms, and dining areas. The flooring is hardwood, there is a heat pump providing central heat and air and a surround sound system.
The basement area has a separate entrance and is currently used as retail space.
There are two upstairs apartments, each having living room, nice modernized kitchen, bedroom and a full bath. Each unit has hardwood flooring throughout and a heat pump.
There is an extra lot adjacent to the property, which also fronts South Main Street. This lot also has all city utilities available.
AUCTIONEERS NOTE: Downtown location (within walking distance), retail or office space, income producing property, all city amenities available, - all within this one property!! This is the auction you must attend, so be there on October 26th at 1:30 p.m.!!
TERMS: 20% down the day of the auction with the balance due in full within 30 days.
NOTE: The purchaser of a single- family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead base paint. The period of inspection begins October 15th, 2018 to October 25th, 2018. All bidders must sign a waiver of the 10-day post sale inspection period.
Note: There will be a ten percent buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.
For additional information or appointment to see the property, contact the auctioneers at 606-679-2212.
Announcements made the day of the auction, take precedence over printed matter.
NOTE: The purchaser of a single- family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead base paint. The period of inspection begins October 15th, 2018 to October 25th, 2018. All bidders must sign a waiver of the 10-day post sale inspection period.
Note: There will be a ten percent buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.
For additional information or appointment to see the property, contact the auctioneers at 606-679-2212.
Announcements made the day of the auction, take precedence over printed matter.