ONLINE ONLY REAL ESTATE AUCTION - GIBSON COUNTY, IN PRIME 60.22 ACRES ZONED HWY BUSINESS DISTRICT in PRINCETON, IN! Property Location: W BROADWAY STREET PRINCETON, IN, 47670 Directions: Property is located North West Corner of US Hwy 41 & IN-64 (W Broadway) Attention Developers, Investors, Business Owners & Farmers! This amazing property deserves your full attention! - Super Convenient to Toyota Motor Manufacturing, Evansville & Mt. Carmel! - Future Development Potential! - Significant Visibility & Opportunity! - Municipal Sewer and Water on Site! - Southern RR Borders on the North! - Highly Productive Tillable Soils! - Guaranteed Good Title & 60 Days to Close! - No Buyer's Premium! "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth." -Theodore Roosevelt This unique Gibson County property is adjacent to the Wal Mart Supercenter and a multitude of additional retail and restaurant concerns. It is a prime parcel for development, agribusiness, and many other potential commercial uses! It is the Buyers obligation to secure a commercial ingress and egress. The property is nearly all tillable and boasts high quality soils including Evansville, Ragsdale and Reesville silt loams. Please make your plans now to bid your price on this rare investment opportunity! - Lot Size: 60.22+/- Acres - Approx '23 Pay '24 Taxes: $2,551.38 Per Year - Parcel #: 26-11-11-200-004.080-028 - Brief Legal Description: PT W NE 11 2 11 60.22 AC - Zoning: Highway business district (HB)- "The purpose of the HB district is to encourage the establishment of areas for highway-type business uses only. This district is specifically designed to service the motoring public. Some examples would be motels, restaurants, or service stations. These districts are generally located at major highway intersections or interchanges." Per Princeton, Indiana - Code of Ordinances SHOWINGS: An Auction Representative will be onsite MONDAY JULY 29th from 12 Noon - 2:00 PM or Call for an appointment. Please note, if you do not wish to bid online, you may call to make alternate arrangements! Terms: (Please read complete terms & conditions online prior to bidding). No Buyer's Premium will be charged. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 45 days. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer will be guaranteed good merchantable title and will assume the real estate taxes starting with the Spring 2025 installment. Possession will be immediate upon closing subject to the tenant farmer's rights to complete the 2024 harvest. The property is selling on an AS IS basis and subject to seller approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure and related materials is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Sohn & Associates, Ltd and its representatives are agents of the seller. Please note, anyone participating in this auction is personally responsible for any bids placed on the auction site, whether bidding on behalf of their personal account or on behalf of a corporation or other third party. If you are bidding on behalf of a third party, you are responsible for obtaining the necessary documentation authorizing you to bid on behalf of the third party. Sohn & Associates, Ltd will look to the herein registered bidder for performance on any bid placed on this auction if you are the successful high bidder. Seller: Donald L. Morrow Trust Auctioneer: Trent Sohn #AU19700067, #AC3000226 Auction Id: 1906