JOIN US FOR AN ON-SITE AUCTION PREVIEW
THURSDAY – SEPTEMBER 3rd FROM 5:00 P.M. – 7:00 P.M.

ABSOLUTE AUCTION
SATURDAY – SEPTEMBER 12th – 10:30 A.M.
MARY LOU HAMILTON’S
27.73 ACRES (+/-) – 5 TRACTS
INCLUDING 12 MOBILE HOMES
& ALL IMPROVEMENTS
155 SULPHUR SPRINGS ROAD
LEBANON, KY 40033

* ALL 5 TRACTS HAVE ROAD FRONTAGE ON
    THE SULPHUR SPRINGS COUNTY ROAD!

* MUNICIPAL SEWER SERVICE WILL BE AVAILABLE!
     TREMENDOUS DEVELOPMENT POTENTIAL!!!

THE LAND – 27.73 ACRES (+/-)

This property offers tremendous development potential with 27.73 acres (+/) of land with some of 
it being located within the city limits of Lebanon (Tract 2, Tract 3 & a small portion of Tract 4)!
The land located within the city limits is Zoned B-2 – General Business District!
The portion of Tract 4 that is not in the city limits has 6 mobile homes on it with plenty of room for more!
Tract 1 (5 mobile homes) & Tract 5 (1 mobile home) are located in the county.
Come bid & buy at your own price…
AT ABSOLUTE AUCTION ON SATURDAY, SEPTEMBER 12th AT 10:30 A.M.!

THE TRACTS

TRACT 1 – 2.56 ACRES (+/-)
This tract offers 5 mobile homes & is completely located outside the city limits of Lebanon.
It features 330′ of frontage with 2 approved entrances on Sulphur Springs Road.
This tract already has its own electrical service & septic system.
(See the septic system diagram provided by the Marion County Health Center).
Note: The Seller has already paid the Marion County Water District to have
a water meter installed on this tract.

TRACT 2 – .69 ACRE (+/-)
This tract is completely located within the city limits of Lebanon & is Zoned B-2 – General Business District.
It features 90′ of frontage with an approved entrance on Sulphur Springs Road.
This tract would make a great companion tract with either Tract 3 and/or Tract 4.

TRACT 3 – .94 ACRE (+/-)
This tract is located completely within the city limits of Lebanon & is Zoned B-2 – General Business District.
It features 130′ of frontage with an approved entrance on Sulphur Springs Road.
This tract would make a great companion tract with either Tract 2 and/or Tract 4.

TRACT 4 – 12.04 ACRES (+/-)
A portion of this tract is located within the city limits of Lebanon & the rest of this tract is located outside the city limits.
(Please see the aerial view with the city limits marked).  The portion of this tract not in the city limits has 6 mobile homes on it.
This tract features 50′ of frontage on Sulphur Springs Road & is accessed via the private Spring Hill Road which is solely on this tract.
It already has its own water meter, electrical service & septic system.
(See the septic system diagram provided by the Marion County Health Center).
This tract would make a great companion tract with any of the other four tracts.

TRACT 5 – 11.50 ACRES (+/-)
This tract offers 1 mobile home & is completely located outside the city limits of Lebanon.
It features 88′ of frontage with 2 approved entrances on Sulphur Springs Road.
This tract would make a great companion tract with Tract 1 and/or Tract 4.

ORDER OF SALE

1st OFFERING

To be offered AS A WHOLE with all 5 tracts grouped together totaling 27.73 acres (+/-), per the official survey.

2nd OFFERING – ROUND 1

TRACT 1, TRACT 2 & TRACT 3 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, Tract 3, or any combination of those tracts at that price per tract.
This process will continue until all 3 tracts have been selected in this offering.

2nd OFFERING – ROUND 2

TRACT 4 & TRACT 5 to be offered BY THE ACRE utilizing the ‘PICK & CHOOSE’ auction method.
The highest bidder will have the priority to select Tract 4, Tract 5, or both tracts at that price per acre.
This process will continue until both tracts have been selected in this offering.

 

NOTE
THE AUCTION IS NOT FINAL UNTIL BOTH 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 October 12, 2026.

* The 2026 Real Estate Property Taxes will be paid by the Seller.

 

INSPECTIONS
* The real estate & all improvements are being sold ‘AS IS’ with no warranties, guarantees, or assumptions of liability, including environmental hazards.
All inspections are invited & encouraged.  For any inspections of this property, please call The Lancaster Agency, Inc. at (270) 692-6748,
or Charles Lancaster, Jr. at (270) 692-7270.

NOTE
Some of the mobile homes may have been built prior to 1978 and have the potential for lead based paint.
Lead based paint inspection, and any other inspections desired by prospective purchasers,
must be completed prior to the auction.

 

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.

 

CHARLES E. LANCASTER, JR. – PRINCIPAL BROKER / AUCTIONEER
CHARLES E. LANCASTER, SR. – AUCTIONEER
IRVIN ABELL – APPRENTICE AUCTIONEER
TREY ABELL – APPRENTICE AUCTIONEER