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Downtown Commercial-Residential Zoned Building Online Auction
2:00 PM *
Thursday, August 15 2024
Buyer's Premium
10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.
Real Estate Terms
A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.
Inspection
- Thursday, August 1, 11:00 AM – 1:00 PM
- Thursday, August 15, 11:00 AM – 1:00 PM
Or contact us for a private showing.
Seller
James B. Hancock
Documents
Selling online a prime downtown New Albany 1,904 square foot building, formerly the law office of the Honorable Judge James B. Hancock. This property is located just 1⁄2 block north of the Floyd County Courthouse, in a pedestrian-oriented environment just minutes to I-64 Sherman Minton Bridge.
PROPERTY HIGHLIGHTS
- Prime Downtown Southern Indiana Location
- 2-Story Brick & Siding Building
- 1st Floor — 1,136 Square Feet
- 2nd Floor — 768 Square Feet
- 5 Offices – Conference Room – 2 Baths
- Rear Paved Parking Lot with Alley Access
- Zoned Downtown District (D)
- Area of Commercial & Governmental Growth
- ½ Block North of Floyd County Courthouse
- Near New Albany’s Restaurant District
- Minutes to I-64 Sherman Minton Bridge
- 5 Miles to Downtown Louisville
- Unlimited Potential
Located in the downtown district with an array of local restaurants, government office buildings and businesses nearby, this turn of the twentieth century two-story siding building with brick addition features 1,136 square feet on the first floor, 768 square feet on the second floor, stairs to a 3rd floor attic and a partial utility basement on a 25’ x 110’ lot. The property includes a 25’ x 37’ paved parking lot with rear alley access – adjacent to the Floyd County Library. The building has gas heat, central air plus 2 window air conditioning units upstairs. Unlimited potential, ready to use or renovate to meet your business or personal needs.
All furniture and equipment included except burgundy leather sofas & chairs.
FIRST FLOOR
- 1136 Square Feet
- Waiting Room
- Receptionist Area
- 3 Offices
- Half-Bath
- Front, Rear & Side Entrances
- Rear Accessible Ramp
SECOND FLOOR
- 768 Square Feet
- Conference Room
- Built-In Bookcases
- 2 Offices
- Half-Bath
The Downtown (D) District is intended for the expansion of residential, employment, Governmental, and recreational uses currently found within the downtown area to continue its revitalization and create a high-quality pedestrian-oriented environment. Commercial uses, office space, residential uses, and compatible light industrial uses are appropriate in this district. * Chapter 4 Page 14-15 in New Albany Zoning Ordinance
The Floyd County Library
Floyd County Courthouse
New Albany Police Department
Floyd County Sheriff’s Department
Lee Hamilton Federal Courthouse
Duke Energy
CenterPoint Gas
Water Indiana American Water
New Albany Municipalities Sewers
New Albany City (Annual) — $2,562.10
FEMA Protected by Levee
P. 168 N 25′ OF S 26′ L.26 TIF
22-05-00-200-807.000-008
New Albany-Floyd County Consolidated
DIRECTIONS From Downtown take State Street to W. Spring Street to right on West 1st Street. Property on left.
TIPS TO HELP YOU WIN!
We know that the end of an online auction can be a hectic place. Here are some tips & things you should know to help make it a little easier…
Place your max bid and let the system bid for you. In the event two bidders have placed identical max bids, the first bid received will be the successful bid.
To prevent bid sniping, last-minute bids will extend individual lots using our ‘soft-close’ functionality.
- If a bid is placed in the last 10 minutes, the lot will remain open for an additional 10 minutes.
- If any further bidding occurs, the extension timer will reset to 10 minutes.
- If no further bidding occurs, the lot closes when the timer runs out.
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