Absolute Auction-Austin Indiana-Cancelled

Development Land-15.7 Acres


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Brief Description

Auction has been cancelled. Accepted offer. Selling extraordinary development land opportunity (15.7 acres) in the northwest quadrant of Interstate 65, Exit 34, Austin, Indiana

Auction Schedule

Live Off-Site Auction
Begins: Wednesday, May 18, 2016 at 12:30 PM EDT Ends: Wednesday, May 18, 2016 at 2:00 PM EDT Location: 200 South Beechwood, None, United States, Scottsburg, IN 47170




ABSOLUTE AUCTION, WEDNESDAY, MAY 18, 2016, 12:30 P.M. EDT. Auction conducted off-site at the Holiday Inn Express, 200 South Beechwood, Scottburg, Indiana (I-65, Exit 29). Selling extraordinary development land opportunity (15.7 acres) in the northwest quadrant of Interstate 65, Exit 34, Austin, Indiana, just 34 miles north of Louisville, Kentucky. 3.4 Acre hard corner Tract 1 and 12.3 Acre Tract 2 (with frontage on three public roads) will be offered separately and together and sell to the high bidder(s) regardless of price (Absolute Auction). Land has all utilities in place including municipal water & sewer, natural gas and electric. Zoning is IL (limited industrial) which allows industrial operations within enclosed buildings and uses permitted in all Business Zones, a wide range of uses available to this highly visible site. An incredible opportunity. Selling in cooperation with Jim Baker, CCIM, Baker Commercial Real Estate and Julie Bex, CAI Auctioneer (AU11400040), Auction Professionals of Kentucky RE/MAX 100. • ABSOLUTE AUCTION, Wednesday, May 18th, 12:30 PM • Immediately West of I-65, Exit 34, Austin, Indiana • 15.7 Acres of Development Land in 2 Tracts (3.4 & 12.3 Acres) • Zoned IL, Limited Industrial and All Business Uses • All Utilities in Place (Sewer, Water, Gas & Electric) • Highly Visible with Frontage on Three Public Roads • Sells to the High Bidder(s) Regardless of Price

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Auction Terms

FORMAT AND CONDUCT OF THE AUCTION: Absolute Auction will be conducted at the Holiday Inn Express, 200 South Beechwood Avenue, Scottsburg, Indiana (behind the Ponderosa & Cracker Barrel restaurants) on Wednesday, May 18, 2016 beginning promptly at 12:30 P.M. EDT. The bidding is open and public. The Auctioneer, Broker and Seller are not permitted to bid at the auction. To bid during the auction, raise your hand or bid card or ask one of the bidder assistants to call out your bid. Conduct of the auction and bidding increments are at the discretion of the Auctioneer and Auctioneer’s determination is final and binding on all bidders. TERMS & CLOSING: The property is sold AS IS, WHERE IS AND WITH ALL FAULTS. The property sells at absolute auction with no minimum bid and no bid reserve. The property will be offered in two separate tracts and combinations to determine the highest selling price. Complete information about the property and the auction is found on the property website at www.AustinLandAuction.com). Down payment auction day is 20% of the purchase price in good check. The balance of purchase price is due at closing on or before June 17, 2016 for a general warranty deed and guaranteed insurable title. 2015 real estate taxes due in installments in 2016 are to be paid by the Buyer and all future installments are also the Buyer’s responsibility. Seller is responsible for any delinquent taxes. Possession will be with deed. Buyer pays ALL closing costs including document preparation, filing fees, sale disclosure, and attorney, title and closing fees. BROKER/AGENT PARTICIPATION: Call auctioneer with questions. Brokers and Agents paid 2% of the high bid for representing the successful bidder closing the transaction in accordance with the terms of the offering. Registration form is available on the website. BUYER’S PREMIUM: A 10% buyer’s premium will be added to the winning bid to determine the contract selling price. AUCTION LOCATION: The property will be sold at the Holiday Inn Express, 200 South Beechwood Avenue, Scottsburg, Indiana 47170. Auction begins promptly at 12:30 P.M. EDT on Wednesday, May 18, 2016. INSPECTIONS: Call for an appointment or walk the property at your convenience. THE PROPERTY IS SUBJECT TO PRIOR SALE.

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