Prime Residential, Agricultural & Commercial Development Land in Franklin, Kentucky. Located off of Patton Road, Widener Circle, Fitzgerald Court & N. Main St. (Bowling Green Road-US Hwy 31-W.
Thursday, July 29 @ 1:00 PM, Selling Off-Site @ Jim Roberts Community Park
48.80 Acres Offered in tracts, combinations and its entirety.
Prime Residential, Commercial Possibilities with Highway Frontage, Crop Land, Wood Lands, Single-Family Homes Development, Excellent Highway Visibility.
First Offering, Tracts 1 & 2 of Lockwood Subdivision was developed by Mr. Howell Patton II and family as one of Franklins northern subdivisions. Numerous families have called this area home, raised their children and enjoyed the amenities of a neighborhood lifestyle. The remaining 27 acres located off of Widener Circle and Fitzgerald Court will be offered at auction.
Presently the acreage is in crops and is zoned agricultural. However, the future of this prime real estate may well become the final residential phase of Lockwood Subdivision. These two tracts will be contain deed restrictions limiting the land use to single-family residential homes with restrictions and/or agriculture.
Tract 1: 15.7 Acres: Ingress/Egress from 2 stubbed streets off of Widener Circle & 1 stubbed street off of Fitzgerald Court.
Tract 2: 11.4 Acres: Ingress/Egress from 2 stubbed street off of Widener Circle and with frontage on Patton Road and US Hwy 31-W.
Second Offering: 7.66 acres with 617' road frontage on US 31W (North Main Street) will be subdivided into 3 parcels. Excellent highway visibility with the potential of a mixed use developments with ingress and egress along US Hwy 31-W and with 377’ road frontage along Patton Road.
Tract 3: 2.17 Acres with 237’ Road Frontage on US Hwy 31-W & 377’ along Patton Road.
Tract 4: 2.78 Acres with 206’ Road Frontage
Tract 5: 2.78 acres with 174’ Road Frontage
Third Offering: 14.2 acres with 977 ' road frontage on US 31W (North Main Street) will be subdivided into 3 parcels. Crop land, wood land and residential lots make up this acreage with recreational enjoyment as well.
Tract 6: 6.0 acres with 428’ Road Frontage
Tract 7: 6.0 acres with 402’ Road Frontage
Tract 8: 2.2 acres with 147’ Road Frontage
TERMS & CONDITIONS: 10% non-refundable escrow deposit on sale day with balance due on or before September 29, 2021. Possession with delivery of deed at closing, 2021 real estate taxes will be prorated to the day of closing. A 7% buyers premium will be added to the final bid price to establish the real estate sales and purchase contract selling price. We encourage your personal inspections and due diligence to satisfy your intended use of the land, prior to bidding. There are no pre-sale or post sale contingencies, including financing, appraisals or inspections. The property is being sold “As Is” and subject to all easements and restrictions, recorded and unrecorded. Health & safety measures may apply. Announcements made day of sale take precedence.