Highly Visible Commercial Lot Near Sparta

Description

Here’s an ideal piece of ground that presents the opportunity for a restaurant or commercial property in a prime location. The property sits across the access road from Love's Travel Stop, Subway and McDonalds. This is a high traffic area and not just from interstate traffic. The Kentucky Speedway is less than 3 miles away, and Belterra Hotel and Casino is also located approximately 8 miles up the road. The property is at the halfway point between Cincinnati, OH and Louisville, KY making it a common stopping point for commuters. This is a great investment opportunity.

Property Details

  • Auction Date: Saturday, March 30, 2019
  • Auction Time: Noon CDT
  • Auction Location: Kentucky Speedway Media Room, 1 Speedway Drive, Sparta, KY
  • Bidders may participate in the auction on site or online at AuctionNetwork.com
  • Onsite bidders should bring government issued ID
  • 10% down payment immediately after auction - cash, personal or business checks accepted
  • If winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
  • High bidder has 30 days to close
  • This is a no contingency sale and is not subject to financing or additional inspections
  • Possession at closing, subject to tenant’s rights, if any
  • 5% Buyer's Premium
  • Zoned commercial
  • City water available
  • City sewer
  • Electric available
  • Located .01 miles off exit 55, I-71
  • 58 miles to downtown Louisville
  • 42 miles to downtown Cincinnati
  • Less than 3 miles from Kentucky Speedway
  • 8 miles from Belterra Hotel, Casino and Golf Resort

Loves Drive
Sparta, Kentucky 41086