701 16TH AVENUE
BOWLING GREEN KY
This is a 4 unit Commercial Building with 3 of the units as retail/office/etc. and the 4th unit as residential rental. No units are currently rented. Past rents, according to the sellers, have been $450/mo. for the residential unit, $475 for the larger commercial unit, with the owners using the other units. The PVA lists the total size as 3,730 sq ft.
Unit 1 (front left) is approximately 1640 sq ft with an efficiency kitchen and full bath. This unit appears to be concrete block.
Unit 2 is approximately 800 sq ft with a half bath.
Unit 3 is approximately 600 sq ft with an efficiency kitchen and a full bath.
Unit 4 is approximately 738 sq ft with a kitchen, one bath, living room, and 2 bedrooms.
This property is very near the recently remodeled Plaza Shopping Center and just across the street from the site of the new Dollar General, now under construction. The former garage building on the adjoining lot is in the process of demolitiion so the visability will be greatly improved. The lot also has frontage on Kenton Street.
The timing could be perfect to invest in this commercial rental property, or find a location for your own offices.
TERMS AND CONDITIONS:<br>
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Terms and Down Payment: The down payment on the real estate shall be 10% of the contract sales price in the form of cash or good check (with proper identification) or certified funds due at the conclusion of the auction. The closing shall be within 30 days. The property is sold without contingencies and subject to easements of record. A successful online bidder will have 24 hours to completed the contract and deposit the down payment.<br>
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Taxes: Real Estate Taxes will be prorated between buyer and seller as of closing date. <br>
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Deed: The purchaser(s) shall receive a General Warranty Deed (s).<br>
<br>
Inspection: The real estate may be viewed prior to the auction date by appointment with Thomas R. Hunt Auctioneers, and will be available for inspection two hours before sale time on the day of the auction. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied. <br>
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Buyer Premium: A seven percent buyer premium will be added to the high bid to determine the contract price on the real estate. <br>
<br>
Auctioneers Note: All information contained in this brochure and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests. Information contained herein was obtained from sources deemed to be reliable. However, neither the Auctioneers, Agents, nor Sellers shall be responsible for any errors or omissions herein. Announcements made the day of the sale shall take precedence over any prior advertising or other information.
<br>
Terms and Down Payment: The down payment on the real estate shall be 10% of the contract sales price in the form of cash or good check (with proper identification) or certified funds due at the conclusion of the auction. The closing shall be within 30 days. The property is sold without contingencies and subject to easements of record. A successful online bidder will have 24 hours to completed the contract and deposit the down payment.<br>
<br>
Taxes: Real Estate Taxes will be prorated between buyer and seller as of closing date. <br>
<br>
Deed: The purchaser(s) shall receive a General Warranty Deed (s).<br>
<br>
Inspection: The real estate may be viewed prior to the auction date by appointment with Thomas R. Hunt Auctioneers, and will be available for inspection two hours before sale time on the day of the auction. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied. <br>
<br>
Buyer Premium: A seven percent buyer premium will be added to the high bid to determine the contract price on the real estate. <br>
<br>
Auctioneers Note: All information contained in this brochure and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests. Information contained herein was obtained from sources deemed to be reliable. However, neither the Auctioneers, Agents, nor Sellers shall be responsible for any errors or omissions herein. Announcements made the day of the sale shall take precedence over any prior advertising or other information.