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Gardner Auction

ABSOLUTE AUCTION
 
SATURDAY – AUGUST 20th, 2022 – 10:30 A.M.
ESTATE OF WILLIAM PAUL “BILLY” GARDNER, JR.
3.47 ACRES (+/-) IN 3 TRACTS
 
302 SULPHUR SPRINGS ROAD
LEBANON, KY 40033
The Lancaster Agency, Inc. Auction Team is pleased to represent the Estate of William Paul “Billy” Gardner, Jr. in selling this exceptionally located land at
ABSOLUTE AUCTION ON SATURDAY, AUGUST 20th, 2022 AT 10:30 A.M.!

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THE LAND:  A total of 3.47 acres (+/-), per survey dated July 12, 2022, of mostly flat land located approximately 3/10 mile from the bustling intersection of E. Main Street & Sulphur Springs Road…This land is located close to Kentucky Cooperage, TG Kentucky, Kroger, Marion County High School & many more businesses generating traffic on Lebanon’s vibrant east end!  This land is located close to, but not in the city limits of Lebanon…Thus it is not subject to Lebanon Planning & Zoning land use restrictions…This excellent location provides the perfect place for your business with easy access to water & electricity along the Sulphur Springs County Road!  Don’t need the entire 3.47 acre parcel of land?..No problem…We will be offering the land in 3 different tracts!

TRACT 1 – .70 ACRE (+/-):     Tract 1 offers 100.32′ of road frontage on Sulphur Springs Road.

TRACT 2 – .71 ACRE (+/-):      Tract 2 offers 147.25′ of road frontage on Sulphur Springs Road with the existing entrance.

TRACT 3 – 2.06 ACRES (+/-): Tract 3 offers 50.26′ of road frontage on Sulphur Springs Road.  This tract also offers the 93′ X 200′ – 18,600 square foot metal building (needs repairs – or could be sold for scrap metal)!

NOTE:  All 3 tracts have been approved for an entrance on the Sulphur Springs County Road by Marion County Road Department Foreman, Jimmy Rakes, subject to an application for road encroachment.

ORDER OF SALE

1st OFFERING: To be offered as a whole, TRACT 1, TRACT 2 & TRACT 3 grouped together totaling 3.47 acres (+/-).

2nd OFFERING – ROUND 1:TRACT 1 & TRACT 2 to be offered BY THE TRACT utilizing the ‘pick & choose’ auction method. The highest bidder will have the priority to select TRACT 1, TRACT 2, or both tracts at that price per tract. If only one tract is chosen, the other tract will be offered at auction to the highest bidder.

2nd OFFERING – ROUND 2: TRACT 3 to be offered individually BY THE TRACT.

NOTE: No sale is final until all offerings have been completed. The real estate will be sold per the offering realizing the most money for the Seller.

TERMS & CONDITIONS
* A 10% Buyer’s Premium will be added to all winning bids to determine the final sales and purchase price.
 
* Any purchaser of a real estate tract will pay a 20% deposit of the final sales and purchase price the day of the auction.  The balance will be due on or before September 20, 2022.
 
* The 2022 real estate property taxes will be paid by the Seller.
 
* The real estate & all improvements are being sold AS IS with no warranties, guarantees, or assumptions of liability.  Inspections are invited & encouraged…All inspections by prospective purchasers must be completed prior to the auction.  For any inspections of this property, please call The Lancaster Agency, Inc. at 270-692-6748, or Charles Lancaster, Jr. at 270-692-7270.
CHARLES E. LANCASTER, JR. – BROKER / AUCTIONEER
CHARLES E. LANCASTER, SR. – AUCTIONEER
TOM BRAHM – AUCTIONEER
IRVIN ABELL – APPRENTICE AUCTIONEER
TREY ABELL – APPRENTICE AUCTIONEER

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION, BROCHURES, SIGNS, ADVERTISING, OR STATEMENTS, WHETHER ORAL, WRITTEN, OR OTHERWISE, REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.