Sold for $144,100
KENTUCKY
Property #201
Online Only Absolute Auction
10,401±SF Footprint Former Bank Branch
117 N 7th St., Mayfield, KY 42066 (Graves County)
Bidding Opens: Thursday, May 30 at 11:00 AM CT
Bid Deadline: Thursday, June 6 at 11:00 AM CT
Inspection: Friday, May 31 at 11:00 AM CT SHARP
Sale Manager: Don Erler, 502-592-8858, don@donerler.com
Property Description: Two story 10,401± SF footprint former bank branch built ca. 1956 with three drive through lanes. Tax card shows the address as 121 N 7th Street, but the building address is 117 N 7th Street. Approximately 4,300± SF of the 2nd floor of the building is leased to a CPA firm who has been on a lease signed in 2009 but states he has been a tenant since 1984. Lease terms are posted under documents section.
Property being offered consists of 8 separate tax parcels (7 are contiguous to the bank building and total 0.8 acre plus there is a parking lot across the street on the corner of 8th & West North Streets.) See aerial plats in documents section.
Graves County Parcels#
Property Location | Parcel# | Acreage | 2018 County Taxes Pd | 2018 City Taxes Pd | 2018 Total Taxes Pd | City of Mayfield Tax Appraisal |
216 E North St | 203.00.24.002.00 | $90.40 | $252.75 | $343.15 | $25,000.00 | |
0 W North St | 203.00.24.002.01 | $62.19 | $173.89 | $236.08 | $17,200.00 | |
125 N 7th St | 203.00.24.003.00 | $81.38 | $227.47 | $308.85 | $22,500.00 | |
123 N 7th | 203.00.24.004.00 | $81.38 | $227.47 | $308.85 | $22,500.00 | |
121 N 7th St | 203.00.24.005.00 | $2,965.28 | $8,290.20 | $11,255.48 | $820,000.00 | |
119 N 7th St | 203.00.24.005.01 | $65.09 | $181.98 | $247.07 | $18,000.00 | |
0 NO 8th St | 203.00.24.012.01 | 0.07 | $79.56 | $222.42 | $301.98 | $22,000.00 |
121 W North St | 203.00.13.018.00 | $80.47 | $224.94 | $305.41 | $22,250.00 | |
$3,505.75 | $9,801.12 | $13,306.87 | $969,450.00 |
Don Erler, Don Erler Real Estate & Auction, KY Real Estate Broker & Auctioneer
Terms: Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, Earnest Money Deposit 10% of Purchase Price, 1% Broker Co-Op, close in 30 days.
