55 +- Acres of Prime Real Estate at Absolute Auction
160 Thurman Rd, Somerset, Ky 42503
Saturday, October 22nd, 2022 at 10:30am
LIVE ON-SITE AUCTION
Directions: From the 80/27 intersection at stoplight 4 in Somerset, take West Hwy 80 approx. 1 mile and turn left on Thurman Road. You can also access the property from Marion Drive off of Hwy 80 and from Hail Knob Rd at Fairgrounds Dr. onto Somerhill Tower Drive.
Tracts 1-3: These tracts range in size from 3.50 to 3.60 acres each and would be ideal for a wide range of development plans and options. They have access from Marion Drive off Hwy 80. These tracts are within the city limits of Somerset and are currently zoned agriculture. There is a 40ft right of way that is an extension of Marion Drive running along the front of all three of these tracts. This right of way will allow for the extension of utilities as well as access to the tracts.
Tracts 4-7: These large tracts range in size from 9.00 to 10.45 acres and offer ample road frontage along Thurman Rd. giving you many access options with Tract 7 offering the most road frontage of these four tracts. Local utilities run along Thurman Rd. providing a wide range of development options. Tract 6 features a barn. Tract 4 will also benefit from access from the aforementioned 40ft right-of-way extension of Marion Drive.
Tract 8: This tract consists of approx. 4.95 acres with access from Somerhill Tower Drive off of Fairgrounds Drive off of Hail Knob Rd. The beautiful tract sits high atop the hill with cozy wooded areas and great views making it ideal for many ventures.
Auctioneers’ Note: The next big thing can happen right here! Offered in multiple tracts in any combination, this massive property offers huge development potential for a variety of ventures. This is a prime and excellent location close to all the conveniences of the City of Somerset. Tracts like this are very hard to find near some of Somerset's busiest areas. In total there is approx.1500 FT of frontage on Thurman Rd. Direct access from Marion Drive also. City gas and sewer are located on Marion Drive and along Thurman Rd.
TERMS: Real Estate: 20% down the day of the auction with the balance due in 30 days.
NOTE: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine whether the information contained herein is accurate and complete. The property is selling in its as-is condition with no warranties expressed or implied.
Announcements made on the day of the auction take precedence over printed matter.
For additional information contact the auctioneers at 606-679-2212.
NOTE: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine whether the information contained herein is accurate and complete. The property is selling in its as-is condition with no warranties expressed or implied.
Announcements made on the day of the auction take precedence over printed matter.
For additional information contact the auctioneers at 606-679-2212.