1919 S Preston St, Louisville, KY 40217

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Building Details:

• Year Built: 1897

Preview Wed 14th from 11:00 am to 2:00 pm.

Broker Participation Form posted on www.auctionsasap.com in the auction documents link.

Equipment to be sold at auction following the real estate.

Property is being sold and purchased in AS-IS, WHERE IS condition. The Auctioneers are selling the property with no financial or any other contingencies.
Nonrefundable deposit of $10,000 required upon successful high bid.
Closing within 30 days.
Broker Participation Form must be used and completely filled out including signatures.
Real Estate is selling with very reasonable reserve or subject to sellers confirmation. Seller is motivated.
Buyers Premium of 5% to be added to the high bid for both the real estate and the personal property.
Sales tax will apply to the sale of personal property.
Vehicle must be transferred prior to removal and proof of such shall be presented to the auctioneer.

Announcements made day of sale take precedence over all other advertising and written materials.

Auction to be held onsite January 21, 2015 at 1:00pm. Be sure to visit www.auctionsasap.com for updates including terms and conditions.

Have you been looking for an opportunity to own your own business? This is a great opportunity to purchase a desirable piece of real estate very near UofL at live auction. With all the recent changes to the area this is something you shouldn’t pass up. This unique property has all 5 licenses for alcohol sales currently in place including package sales. It would be fairly easy to reapply for the licenses assuming you meet all the requirements and can pass the background check. Could again be a restaurant, bar, liquor store or many other things.

This is a very large lot especially considering where it is. The lot is approx. .66 acres and has three structures on it. It has plenty of parking that other businesses in the area dont have. A business occupies the first floor of the main building along with the garage for storage. The business doesn’t have a lease and will not remain so you can move your business right in after closing. If you’re currently renting this is an easy way to own the real estate and become your own landlord. If you don’t need all the space in the main building maybe you rent the second floor out as sleeping rooms or one apartment. The second floor could be a kitchen space if you want to preserve all the first for valuable seating.

It has a detached garage that is a little taller than normal and thats nice. It has a walkin inside the garage that will need to be hooked up again. Also has a loft area for additional storage. With space being a premium this garage really is an advantage.

There is an additional building on the rear of the property that is in need of rehab. It was used most recently as a bait shop some years ago. It’s a bonus and could be turned into another revenue stream. Back in this area is a large open lot that in the spring and summer looks park like. Used in the past for larger outdoor functions. This lot provides parking that just isn’t available for other businesses in the area.

If you’re an investor don’t pass this one up. There is plenty of opportunity here. We had someone try and lease the building just prior to us posting this notice.

Selling “as is” with no contingencies and will not be subject to buyers financing. Be sure to contact your lender today to have your financing in place prior to auction. Nonrefundable deposit of $10,000 in cash or certified check will be required of the successful buyer immediately following their last bid. Closing to be held within 35 days of sale. Inspections of any type are the buyer’s responsibility and shall be conducted prior to the auction. Selling with reserve but the reserve is a fraction of what this property is worth. Owner will review any strong offers made prior to auction. The competitive bidding at auction is like no other.

For more information or to view the property contact Scott at 502-451-2010.