WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Rare Revitalization Opportunity in Bell Court/Mentelle Park Area
Prime Mentelle Park Location - 700 Bullock Place sits in one of Lexington's Most Established, Walkable, Tree-Lined Historic Neighborhoods
Classic 1930s American Foursquare Architecture with Craftsman influences — solid all-brick construction with Genuine Period Character, built to last
Two Full Stories of Living Space — 2,516 sq. ft. with a 1,190 sq. ft. main floor footprint
Charming Outdoor Living — a 308 sq. ft. Covered Porch, perfect for enjoying Kentucky evenings – Terra Cotta Tile Covering across entire Porch
Zoning — currently zoned R-1D (single-family residential) with a land use classification for office and potential paths for residential conversion – Selling As Is – Utilized for over 25yrs for Fayette County Public Schools
Established, High-Demand Lexington submarket — Neighborhood Features Strong & Consistent Owner-Occupant & Tenant Demand with recent Bell Court/Mentelle Park-area sale prices in the $500K–$800K+ range
Situated just off Richmond Road – less than 1mile from Downtown Lexington, UK Medical Center 2miles with the Heart of University of Kentucky Campus
Do not Miss this Premier Location Residence! Selling at Online Auction!
Clear Title – No Back Taxes – No Liens – Surplus Property Ordered Sold by Fayette County Board of Education – Title Insurance Available
NOTICE: Property Subject to Sale Prior to Auction without Notice - The board of education reserves the right to reject any and all bids and final approval by the Kentucky Department of Education is required.
IMPORTANT NOTICE: IN ACCORDANCE WITH KRS 424.130(1)(b) THE BOARD OF EDUCATION RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND FINAL APPROVAL BY THE KENTUCKY DEPARTMENT OF EDUCATION IS REQUIRED.
Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President
Online Bidding Ends Dec. 15th at 3:00PM ET
Inspections: Nov. 17th at 12:00pm & Dec.1st at 12:00pm
Property Address: 700 Bullock Place, Lexington, KY 40502
Tranzon Asset Advisors, Edward D. Durnil KY Auctioneer #259408/Broker #187998
6% Buyer's Premium and other terms apply.
Contact Kelly Toney at 888-791-7307 ext. 808
