Bidding Notice:

Place your Pre-Bids now! Onsite Auction will be held Thursday, July 27th at 1:00pm.

Auction Notice:

This is PRE-BIDDING only! The property will be auctioned onsite on Thursday, Juy 27th at 1:00pm.

Auction Information
Name 6.59+/- Acres Improved with 8 Buildings in Newburgh, IN
Auctioneer
Type Internet Absentee Bidding
Date(s) 6/14/2017 - 7/26/2017
Auction Date/Time Info
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Preview Date/Time Public Showings: Monday, July 10th & Monday, July 17th from 12 - 2pm or Call for an Appointment!
Checkout Date/Time N/A
Location
Buyer Premium No Buyer's Premium!
Description
"ABSOLUTE" PUBLIC REAL ESTATE AUCTION 6.59+/- ACRES IMPROVED with 8 BUILDINGS in NEWBURGH, IN; OFFERED in 6 TRACTS or COMBINATIONS! Auction Date: THURSDAY JULY 27th at 1:00 PM Property Location: SR 261 in NEWBURGH, IN; From IN-66, go South on S Old State Route 261 and watch for signs Auction Location: FIRST FEDERAL SAVINGS BANK OPERATIONS CENTER - 4920 DAVIS LANT DR in EVANSVILLE, IN; From the Intersection of Green River Rd & Lynch Rd, go South on Green River to Left on Davis Lant Dr Auction Note: This prime Newburgh, IN property will sell at ABSOLUTE SHERIFF AUCTION to the highest bidder(s). Please make your plans now to come bid your price! Tract #1: Commonly known as 4156 & 4144 State Road 261 (Parcel # 87-12-26-100-123.000-019) This tract consists of 3+/- acres zoned C-4. 4156 SR 261 is improved with a quality 8,948 square foot one story building built in 2000. It features an audio-visual equipped auditorium with seating for 200, kitchen, large skylight in entryway, 2 two-fixture - 1 seven-fixture & 1-eight fixture restroom, and full wet sprinkler system. It is currently being utilized by a church and school. Other potential uses of this nice structure are endless! The second building on this tract, 4144 SR 261, is a 5,198 square foot (including basement) structure built in 1950. It was originally a home, but has been converted into office space. Note that each structure offers its own separate utilities and ample parking. Tract #2: Commonly known as 4122 State Road 261 (Parcel # 87-12-26-100-152.000-019) This tract offers a .45 acre lot zoned R-2. It is improved with a 1,622 square foot tri-level home built in 1960. While this home will require significant renovation/repair, it does feature 3 bedrooms, 2 full baths, a 1.5 car attached garage, and lots of potential. It adjoins Tract #1 on the north side. Tract #3: Commonly known as 4115 State Road 261 (Parcel # 87-12-26-100-116.000-019) Currently used as a real estate office, this tract consists of .52+/- acres zoned C-3. It is improved with a 2,204 square foot building built in 1978 and offers ample paved parking. Tract #4: Commonly known as 4155 State Road 261 (Parcel #'s 87-12-26-100-117.000-019 & 87-12-26-100-119.000-019) This tract consists of .63+/- acres zoned C-4. It offers frontage on SR 261 and is accessed off Olde Newburgh Dr. It is improved with a 6,138 square foot two story office building built in 1978. There are 4 two-fixture restrooms, and the building could be easily used for single user or multiple tenants. Tract #5: Commonly known as 4199 & 4211 State Road 261 (Parcel # 87-12-26-100-118.000-019) This tract consists of 1.2+/- acres zoned C-4. 4199 SR 261 features the historic two story Joseph Snyder House built in the 1850's. It measures approximately 4,650 square feet, and was last used for office space. Featuring 4 restrooms, a beautiful 3 story staircase and lots of charm, this home was even used in the past as a restaurant. The second structure on this tract, 4211 SR 261, features a 4,026 square foot two story office building. Each floor has 1 three-fixture and 1 two-fixture restroom. Note that each structure offers its own separate utilities and ample paved parking. Tract #6: Commonly known as 4233 Medwell Dr (Parcel # 87-12-26-102-001.000-019) This tract consists of .53+/- acres zoned C-1. It is improved with a 4,512 square foot two story office building built in 1978. It includes 2 three-fixture restrooms. There is also a two story 25'x40' garage/storage building and paved parking. PUBLIC SHOWINGS: MONDAY JULY 10th & MONDAY JULY 17th from 12 NOON - 2:00 PM or Call for Appointment
PUBLIC SHOWINGS: MONDAY JULY 10th & MONDAY JULY 17th from 12 NOON - 2:00 PM or Call for Appointment Auction Procedure: The property will be offered using our Select Tract Auction Method. Each tract will be offered individually and in any combinations the bidders desire. All bidders will have the opportunity to bid on any individual tract or combination, including the entirety, at any time throughout the auction. The sale will conclude when all the competitive bidding has been exhausted. Online Bidding : Online absentee or pre-bidding can take place at www.SohnAndAssociates.HiBid.com Terms & Conditions: A 15% deposit will be required from all successful bidders immediately following the auction. This may be in the form of a personal or business check. The balance will be due & payable at closing within 45 days. At closing, the buyer(s) will receive a Sheriff's deed. Possession of the property will be immediate upon closing. Purchaser(s) will assume the taxes starting with the Fall 2017 installments. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. This agreement has, or will, be made available at your request. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made. The property is being sold on an "as-is, where-is" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company including, but without limitations to fitness for a particular use, zoning classification, utilities, assurance of building permits, driveway permits, or water and septic permits. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Sohn & Associates, Ltd. and its employees and representatives are agents of the seller. Seller: Warrick County Sheriff
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 500.00 USD
1,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 2,500.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium No Buyer's Premium!
Payment Terms
A 15% deposit will be required from all successful bidders immediately following the auction. This may be in the form of a personal or business check. The balance will be due & payable at closing within 45 days.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.