Former Hodgenville Shopko Absolute Auction

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30139000
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 34,994 SF
Gross Land Area: 4.61 Acres
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Building Name: Former Hodgenville Shopko
Usable Size (USF): 34,994 SF
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Absolute
Auction License Number: P2066
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 8/13/2017

Overview / Comments

SELLS REGARDLESS OF PRICE, 34,994±SF Retail Bldg. on 4.61± Acres (does not include separate front outlot), Selling Online Only at http://www.AMCbid.com, Wednesday, August 9 at 1:00 PM ET, Closing Deadline: September 12, 2017, Inspection: Tuesday, August 1 & Tuesday, August 8 at 11:00 AM ET SHARP. Part of Lender Owned Auction of 11 retail/restaurant properties in 7 states. Property Description: Former Shopko store of masonry and frame construction. Irregularly shaped lot is accessed via West Main but has additional frontage on Old Sonora Road in the rear. Parking consists of 150 marked spaces of which 6 are handicapped. The tax Id number is 029-03-01-001.07. The subject is zoned B-2 (Neighborhood Business) by Hodgenville City Hall. All utilities are available to the site. A June 27, 2005 Environmental Site Assessment concluded that no recognized environmental conditions (RECs) were identified in connection with the site. This auction features a grouped bid extension - please see details in terms below. Terms: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by September 12, 2017. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures. All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window. This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid. With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Larue
Taxing Authority: Hodgenville/Larue County
Tax ID/APN: 029-03-01-001.07
Zoning: B-2 (NEIGHBORHOOD BUSINESS)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Lincoln Parkway (KY 61)
Site Description: Former Shopko retail building on a level 4.61+/- acre site with substantial parking and lots of green space (auction property does not include separate front outlot). Site is just east of Lincoln Parkway (Kentucky 61) on the main road into the center of Hodgenville. Property has access to East Old Sonora Road in the back.
Area Description: Hodgenville is the county seat of Larue County, Kentucky and is located less than 15 miles southeast of Elizabethtown, Kentucky. Access to Hodgenville is from Interstate 65, Exit 91 at Elizabethtown. Farming community with some business and industry.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1999
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 150
Parking Type: Surface
Parking Description: 150 marked parking spaces, 6 are handicapped.
Sprinklers: Wet
Zoning Description: B-2 (Neighborhood Business)
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,092 4,115 9,491
Median Age: 34.05 38.15 39.04
Households: 382 1,631 3,776

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