131 E Main Cross Street, Greenville, KY Absolute Auction

Retail-Commercial for Sale
Auction
Catylist Listing ID: 30814990
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 36,608 SF
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Old National Bank
Usable Size (USF): 35,658 SF
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Absolute
Auction License Number: 256901
Cap Rate: Undisclosed
Last Updated: 9/22/2022

Overview / Comments

Absolute Auction of 131 E. Main Cross Street, Greenville, KY.

Old National Bank, a long time tenant for this building is moving to a new location so the owners have decided to sell this magnificent property at Absolute Auction. The Absolute Auction will be held both online and onsite on Saturday, November 12 at 11:30 am.

This is NOT a distress sale. The owners are experienced at selling at auction and believe and Absolute Auction is the best method of sale for them.

We are selling in two tracts. Tract #1 includes the Former Bank Building at 131 East Main Cross Street with 36,608 SF on 1.051 acres (according to survey).
Tract #2 consists of 0.694 acres (according to survey) and the drive through windows. We are also offering a combination of both tracts. If the bid on both tracts by one bidder is higher than the high bid on Tract 1 plus the high bid on Tract 2, then that bidder would win both. If the combination bid is less than the bids for each individual tract, then the two high bidders would be the winners.

The main building would be perfect for retail, multi-family, event space and more.

There have been numerous upgrades made through the years. New compressors, 3 phase electric, new hot water heater, new boiler and more.

Visit svnMenish.com to learn more.
Or to register and bid online, visit https://svnauctions.bidwrangler.com/ui

Additional Details

Nearest MSA: Central City
County: Muhlenberg
Tax ID/APN: 110-01-07-024.000
Zoning: B-1
Retail Clientele: General, Family, Business, Convention, Other
Property Located Between: East Main Cross Street at Mill Street
Property Visibility: Excellent
Largest Nearby Street: East Main Cross Street
Tenancy: Multiple Tenants
Number of Stories: 3
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,095 7,729 8,780
Median Age: 40.11 43.54 41.25
Households: 1,292 3,135 3,406
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