Commercial & Development Property

Tract #1 - .63-acre L-shaped commercial parcel on the US HWY 41 Commercial Strip

• Zoned Highway Commercial; most commercial and retail applications allowed
• 100 ft. of HWY 41 frontage and 50 ft. frontage on Walnut Lane
• Ideal for drive-thru type of business
• High traffic count property

Tract #2 - .57-acre commercial parcel located on Walnut Lane just west of US HWY 41, adjoining Tract #1

• 100 ft. of Walnut Lane frontage with a depth of 250 ft.
• Zoned Highway Commercial
• Improvements consist of a 1408 sq. ft. bedford stone home attached carport, cherry board paneling throughout, replacement windows, central heat and air conditioning.  Floor plan features living room, kitchen, two large bedroom or offices, large center hallway and full bath.

Tract #3 – 7.52 acres located on Walnut Lane just west of US HWY 41 with access frontage on Sunset Lane.

• The east portion of this parcel along Walnut Lane is zoned R-4 High Density Residential for apartments and other multi-family applications.
• The west portion is Zoned R-2 Medium Density for duplex or single-family applications.
• 481.42 ft. of Walnut Lane frontage with blacktop access road
• Formerly known as the Walnut Lane Mobile Home Park
• The west portion of this property on the Sunset Lane end is located in special flood hazard area (map available).

TERMS:  10% down day of sale balance on or before OCTOBER 24TH, 2016.  Time is of the essence regarding closing date.  Possession with deed.  2016 Property taxes will be pro-rated.

The successful purchasers of this property will agree to cooperate with the seller, agents and qualified intermediary to facilitate the 1031 Tax Deferred Exchange with no additional cost to the buyer.

For copies of surveys or additional information call Joe Mills, Auctioneer.