3817 E Indian Trail, $125,000 Published Min Bid Reserve

Auction Professionals of Kentucky

 

Date(s) 6/1/2021 - 6/30/2021

Bidding ends on Wednesday, June 30, 2021 4:00pm

Past Auction
Online-Only Auction
Bidding Notice:

BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the winning bid to determine the contract selling price for real estate. (Example: Bid Amount $125,000.00 + 10% Buyers Premium ($12,500.00) Contract selling price is $137,500.00) 10% non refundable down payment is due on the next business day by 2:00pm. Cashier Check, Wire Transfer or personal check secured by personal demand note.

Auction Information
Name 3817 E Indian Trail, $125,000 Published Min Bid Reserve
Auctioneer
Type Online-Only Auction
Date(s) 6/1/2021 - 6/30/2021
Auction Date/Time Info
Bidding ends on Wednesday, June 30, 2021 4:00pm
Preview Date/Time Wednesday, June 23, 12-2pm
Location
Buyer Premium 10% will be added to winning bid
Description
Here is an excellent opportunity for you next business or investment venture. The property is approximately 2100 sq.ft. that was previously used as a daycare facility and most recent a restaurant with commercial kitchen and plenty of room to add a drive thru. This property is situated on .80 acres for potential to expand or build. Road frontage is 124.79’ Zoned C-1.
BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid to determine the contract selling price for real estate. AUCTION LOCATION: ONLINE ONLY AT BIDKENTUCKY.COM. Bidding ends on Wednesday, June 30 4:00pm with extended bidding Extended Ending: Property in this auction will be subject to an extended ending, whereas at the close of the auction, any bidding activity on an item within 5 minutes of the closing time will automatically extend the bidding for 5 more minutes past the time of the last bid. The bidding on that property will continue to remain open in 5 minute intervals as long as there is bidding activity within 5 minutes of the previous bid. Once there is no bidding activity within the 5 minute period, the bidding on that property will close. TERMS & CLOSING: Purchaser shall make a non-refundable down payment of 10% of the contract selling price in the form of cash, certified check, cashier’s check, or good personal check secured by purchaser’s personal demand note payable to the RE/MAX 100. Balance to be paid for a general warranty and insurable title on or before July 30, 2021. Possession with deed. In the event BUYER fails to perform according to the terms of this contract, the down payment shall be forfeited as partial liquidated damages, and not as a penalty, without affecting any of SELLER’S further remedies. Property is selling AS IS and not subject to financing, appraisals or inspections. Buyers may obtain inspections at their own expense. Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information. Any licensing requirement for the future use will be the sole responsibility of the new owner. PRIOR SALE: Pre-auction offered will be considered. REAL ESTATE PRORATIONS: Real estate taxes to be prorated to date of delivery of Deed on property. THE PROPERTY WILL BE OFFERED SEPARATELY AND COMBINED WITH ONLINE BIDDING.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 1,000.00 USD
97,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% will be added to winning bid
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.