#201: 10,401±SF Footprint Former Bank Branch at 117 N 7th St., Mayfield, KY 42066 (Graves County)
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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 aCPA 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.