ABSOLUTE COMMERCIAL REAL ESTATE AUCTION
EAST OHIO ST., GIBSON CO, PRINCETON, IN.
17.4+/- ACRES W/BLDGS
ZONED INDUSTRIAL
OFFERED IN 2 TRACTS & COMBINED
Thursday May 15th @ 10:00 AM
DIRECTIONS: From S. Main St. in Princeton, turn east onto E Ohio St. Go six blocks to the property located just east of Stout St.
SHOWING DATE: Monday May 5th from Noon until 2:00 PM. Showings at other times can be arranged by calling the auction company at 812-474-6100.
REAL ESTATE: The real estate consists of 17.4+/- acres zoned Industrial and will be offered in 2 tracts and in combination. Tract 1 consists of 5.7+/- acres and is improved with several brick structures that need complete restoration. This is the site of the former rail car repair facilities and has a lot of history surrounding the property. Tract 2 consists of 11.7+/- acres with no improvements. Both tracts lie adjacent to the Norfolk Southern railway line to the south and have access to Ohio Street to the north.
AUCTIONEERS NOTE: The real estate is a historic site on the south side of Princeton, IN, in Gibson County, IN, home of the Toyota Automobile Manufacturing facility. This property is zoned for many heavy industrial uses and has rail access. The site would be ideal as a construction company headquarters, a trucking company, rock yard or any kind of operation that needs a “lay down yard”. Plan on attending the showing of this property and investigate this real estate investment opportunity.
BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the high bid to determine the Contract Purchase Price.
FREEDOM TRACT AUCTION METHOD: The property will be offered using the Freedom Tract Auction Method. This method allows the bidders to bid on either tract or the entirety at any time during the auction. The property will sell in the manner resulting in the greatest amount of money.
TERMS: Property will be sold “AS IS, WHERE IS, AND WITH ALL FAULTS”. A deposit of 10% of the Contract Purchase Price will be required on day of auction w/the balance due within 45 days. The real estate will sell at ABSOLUTE AUCTION to the highest bidder.
Dewey Development Inc., owner