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Auction Information
Auctioneer Chris Colson 270 444-0031
Auction Date Nov 30 Auction
Location
5601 Old Mayfield Rd.
Paducah, KY
Time 04:00PM
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Auction Listing
AuctionZip Auctioneer ID# 18004
ABSOLUTE AUCTION DELICATESSEN/RESTAURANT SITUATED ON +/- 6 ACRES
Auction begins: 11/30/2017 16:00.
ABSOLUTE AUCTION
DELICATESSEN/RESTAURANT SITUATED ON +/- 6 ACRES

ALSO SELLING:  DELICATESSEN & RESTAURANT EQUIPMENT, APPLIANCES, SUPPLIES, ETC.

HIGHLIGHTS:
2 COMMERCIAL BUILDINGS (1 DELICATESSEN & 1 STORAGE) 
RESTAURANT/DELICATESSEN COMMERCIAL SERVICE 
+/- 6 ACRES ON CORNER LOT
CONVENIENTLY LOCATED  IN LONE OAK, KY
COOLERS & COUNTER SPACE TO STAY WITH BUILDING
+/- 23’ X +/- 71’ DELICATESSEN BUILDING
+/- 36’ X +/- 64’ POLE BUILDING FOR STORAGE
+/- 1,011’ OF ROAD FRONTAGE


When:  Thursday, November 30, 2017 @ 4:00 P.M.
Where:  5601 Old Mayfield Rd., Paducah, KY 42003

Auction held on site rain or shine.

Directions:  From I-24 exit 7 (Lourdes Hospital exit) travel southwest on Lone Oak Rd./Hwy 45 0.5 miles.  Turn left onto Bleich Rd. & proceed 1.8 miles.  Turn right onto Old Mayfield Rd./ KY-994 S traveling 1.2 miles arriving at property on corner on right.  Signs posted.


Real Estate:  Consider this 2 commercial buildings with +/- 6 acres of land located on the highly traveled intersection of Old Mayfield & Houser Rds.  Formerly known as Doran’s Deli & Food Mart, this property boasts a turnkey +/- 2,100 sq. ft. grocery/deli building, +/- 2,300 sq. ft. pole barn, excellent road frontage, ample parking, & endless possibilities!

Exterior Overview:  Concrete parking lot surrounds the store providing access from Old Mayfield/Houser Rds. 
 
Grocery/Deli Building:  concrete block building w/brick facade, 2 picture windows, & metal roof.

Pole Barn:  +/- 36’ x +/- 64’6” w/8’ x 12’ overhead door

Interior Overview:  Concrete floor w/tile floor covering & florescent lighting throughout.  Walter Kidde Fire Suppression System in place.  Walk-In Cooler:  +/- 8’ x +/- 21’ w/2 Russell 115V refrigeration systems model #AA28-134B, & 8 doors.  Storage Room #1:  +/-5’ x +/- 8’.  Ladies' & Gents' Half Baths:  +/- 5’x +/- 6’.  Storage Room #2:  +/- 8’ x +/- 16’.  Service Counter:  +/- 18’L x 2’W x 34’ H w/butcher block top.  

Utilities:  A.O. Smith 40-gallon gas water heater, Trenton cooling system model #TEHA030E6-HS2B-B, Goodman central heat gas furnace


Personal Property

Appliances: Frigidaire 5’ upright freezer, Haier dorm refrigerator, chest freezer, West Bend microwave

Drink/Ice Dispensers: upright Dr. Pepper machine w/see-through front door model 
#GDM-26-LD, Pepsi dispenser w/cylinders, Bunn tea maker model #TB30, Bunn coffee maker, Hoshizaki icemaker

Store Supplies: warming display cabinet, 8’ counter, 8 boxes of straws (500 ct.), bread crates, +/- 24 bread racks, donut display case, 4’ shelving units (6), restaurant tables w/benches (7), napkin dispensers, electric cream & sugar dispenser stations, 
 electric “OPEN” sign, plastic bag rack, bread & display rack, cookie display rack, Otis Spunkmeyer cookie warmer, AH Rio-S-150R chest ice cream freezer w/sliding display doors

Restaurant Supplies:  Advanced Food Service Equipment stainless steel 3-well sink, Star Max flattop grill w/3 burners, Star deep fryer w/2 wells, Hobart oven model #CN85, Master-Bilt warmer w/glass front for display, assorted pots & pans, restaurant grade:  plates, cups, saucers, & bowls (2 sets), NSF stainless steel serving tables (assorted sizes)

Misc.:  4-drawer filing cabinet, 2-wheel dolly, Hobart digital scale, fire extinguisher, Pepsi clock


Terms of Auction:

Real Estate:  15% good faith deposit due day of sale.  Balance due in 45 days.  10% buyer premium added to final bid and included in the total contract price. Showings are by appointment only or on day of auction.  Announcements day of auction will take precedence over any previous marketing, either written or oral.

Procedure:  Initial procedure determined by auctioneer. 

Title:  Fee Simple Absolute title delivered.

Deed:  Seller will provide a Warranty Deed.

Purchase Agreement:  Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession:   Possession given at closing.  

Restrictions:  Any recorded restrictions (if any) and zoning regulations apply.  

Easements:    Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers:  All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company.  Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy.  Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Personal Property:  Cash, credit card or check day of sale with proper ID.  10% buyer premium added to final bid.  Kentucky sales tax will apply as required unless tax exempt. 

Auctioneer’s Note: Auction held on site, rain or shine.  Purchasers will have the following business day (Friday) to remove merchandise, if necessary. Auction Company or owner is not responsible for accidents.  

New Information, Corrections & Changes:  Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information

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