NEWBURGH RIVERFRONT PROPERTY

SEALED BID AUCTION


DESCRIPTION:

    •  5+ ACRES
    • OUTSTANDING RIVERFRONT VIEW
    • ZONED R-1

SEALED BID AUCTION
Began: 03/22/19 at 12:00 PM CDT
Ended: 04/23/19 at 12:00 PM CDT
Location: 2425 US-41 N, Suite 204, Evansville, IN 47711
INSPECTION
Began: 04/02/19 at 12:00 PM CDT
Ended: 04/02/19 at 1:00 PM CDT
Location: 642 French Island Trail, Newburgh, IN 47630

INSPECTION
Began: 04/16/19 at 12:00 PM CDT
Ended: 04/16/19 at 1:00 PM CDT
Location: 642 French Island Trail, Newburgh, IN 47630


SEALED BID AUCTION

NEWBURGH RIVERFRONT PROPERTY

BIDS DUE: TUESDAY, APRIL 23, 2019 AT 12 NOON CT

BID DROP OFF LOCATION: 2425 US-41 N, SUITE 204, EVANSVILLE, IN 47711

William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to The Presbytery of Ohio Valley, located at 642 SR 662 (French Island Trail), Newburgh, IN 47630.

 

DESCRIPTION:

  •  5+ ACRES
  • OUTSTANDING RIVERFRONT VIEW
  • ZONED R-1

FOR THE CONGREGATION:

  • 1,200 SF OFFICE
  • 2,720+ SF SANCTUARY
  • 29,154 SF PARKING – 86 SPACES
  • 6,300 SF CLASSROOM AND FELLOWSHIP HALL
  • FULL KITCHEN
  • EASY ACCESS AND PRIME RIVER FRONTAGE

FOR THE DEVELOPER

The Location:

  • 5.05 +/- AC
  • TWO ACCESS POINTS
  • 456’ FRONTAGE ALONG FRENCH ISLAND TRAIL
  • 1317’ FRONTAGE ALONG WESTERVELT DRIVE
  • ZONED R-1
  • DAILY TRAFFIC COUNT: 3,753

INSPECTIONS: On-site at 642 French Island Trail, Newburgh, IN 47630

  • Tuesday April 2, 2019, 12-1 PM CT
  • Tuesday April 16, 2019, 12-1 PM CT

AUCTIONEER’S NOTE: Unique opportunity to acquire 5 acres of riverfront property in Newburgh, with incredible potential for a congregation or a developer.

See the “Documents” tab for the terms and conditions of the sale, Broker participation form, property detail summary, property cards & reports, tax information, aerials, parcel information & maps, zoning information & maps, additional maps (topography maps, flood zone maps, and traffic count maps), drawings (surveys, proposed plans, and floor plans), easements, miscellaneous documentation, and an auction flyer!

See the below property detail summary table for further information regarding building structure and features.

PROCEDURE: The real estate will be offered in one (1) tract via sealed bid. Sealed bids shall be submitted to the Auction Company Office at 2425 US-41 N, Suite 204, Evansville, IN 47711 by April 23, 2019 at 12 Noon CT.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Bidding is not conditional upon financing. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.

OFFER REQUIREMENTS: All offers must be sealed and the name and address of the offering party must appear on the outside front of the envelope. Offers must be in writing on the appropriate Purchase Agreement provided by the Auction company in the Bidder’s Packet and must be received by WILLIAM WILSON AUCTION REALTY, 2425 US-41 N, SUITE 204, EVANSVIILE, IN 47711 As mentioned above. Bidder may deliver or use overnight delivery service. Bids to be notified within 24 hours.

ALL OFFERS MUST BE ACCOMPANIED BY:
(a) Real Estate Purchase Agreement. The Real Estate Purchase Agreement must be properly completed and signed. Bidders should carefully review the Real Estate Purchase Agreement to be used and any exhibits and addenda to the Real Estate Purchase Agreement.
(b) A down payment equal to ten percent (10%) of bid price. Check must be payable to “William Wilson Auction Realty”. The check will be deposited only if bid is accepted. Checks submitted with unaccepted bids will be returned within three (3) days after the bids are rejected.

OFFER AND ACCEPTANCE: The seller reserves the right to request a Best and Final Offer. The successful bidder will be required to enter into a Purchase Agreement upon acceptance. The Real Estate will sell subject to the seller’s approval.

DEED: Seller shall provide a sufficient deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION: Possession of real estate shall be delivered to the buyer at closing.

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in November 2019 and thereafter.   

ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos.  Purchaser should make his/her own independent determination of acreage prior to bidding.  

SURVEY: If a survey is deemed necessary to establish a new legal description, the cost of the survey will be split 50/50 between seller and buyer. 

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

OWNER: Presbytery of Ohio Valley

DIRECTIONS: Located between Hwy. 62 and Downtown Newburgh on French Island Trail. Watch for signs.

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