Liquidity Services Brands
Surplus 2.49 Acres Real Property – Berea Road/US 25, Madison County, Kentucky
$150,000.00 USD
Closes:
8d8h(Apr 10, 2025 08:00 PM UTC)
check_circle
Reserve Met
$2,000.00 USD
Bid IncrementSales/Lot Type:
Online Auction
Location:
Richmond, Kentucky, USAPossible Bad Bid
The Minimum Bid is USD 150,000.00.
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
WATCHERS: 16 |VISITORS: 247
Seller's Terms & Conditions
Seller's Other Items
Description
Lot#
8234-1163
Condition
Used/See Description
Madison County Fiscal Court is offering a surplus real property for sale, located on Berea Road, in a growing area of the county. This property presents a unique opportunity for prospective buyers. The property use is subject to zoning regulations.
Property Overview:
An exceptional opportunity to acquire surplus real estate in a high-visibility location along US 25/Berea Road in Madison County, Kentucky. This property offers easy access to I-75, Berea, and Richmond, making it ideal.
Property Features:
Location: US 25/Berea Road, Madison County, KY
Acreage: 2.49 acres
Zoning: currently public use
Road Frontage: High-visibility frontage along US 25, a major thoroughfare
Utilities: Access to water, electricity, and other necessary infrastructure. It does have access to sewer.
Proximity: Minutes from I-75, Berea, Richmond, and Blue Grass Army Depot
Strategic Location: Easy access to regional markets and major transportation routes
Growth Potential: Madison County is experiencing steady economic expansion, making this property a valuable asset.
This is a rare opportunity to secure a prime real estate investment in a growing area.
Parcel Number: 0071-0005-0001-E1
GPS Link: https://maps.app.goo.gl/UppTxyCUJdP34VZY6
The property is ideal for a residential development that surrounds Battlefield Golf Course and has road frontage. The vacant lot is just off HWY-25 from Richmond to Berea. The location has access to schools, areas of employment, shopping and marketability.
The property is currently zoned for public/semi-public use as it was purchased as a part of a larger tract that included Battlefield Golf Course but the area property has been zoned agriculture or residential nearby.
The property has typical building setbacks along a major transportation corridor. The property has sufficient depth to allow for placement of improvements. Typical utility easements are assumed to be in place.
Seller Information
Asset Contact:
Jill Williams
Phone:
Item Location:
Account Type:
Government
Inspection
Note: Please inspect items prior to placing a bid. Inspections are by appointment only. See Asset Contact under Seller Information for phone and email.
For property information about the zoning classifications, contract the Madison County Planning and Zoning Director at 859-624-2453.
Most items offered for sale are used and may contain defects not immediately detectable. Bidders may inspect the property prior to bidding. Bidders must adhere to the dates and times indicated in the item description.
Payment
Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.
Note:
1. A 10% deposit for real property is required within 24-hours of auction closure.
2. Any invoice $5,000 or above requires payment via wire transfer.
3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ.
If you are seeking sales tax exemption, you must complete Liquidity Services’ tax exemption form(s). We recommend doing this prior to the auction’s closure or before making payment. The Buyer Service Fee is to be paid electronically via the 'My Bids' page. The remaining sale amount is paid directly to client at either time of pickup or according to any special payment instructions. The Buyer's Certificate will contain information to schedule payment. Once the Buyer Service Fee has been paid to Liquidity Services, payment of the asset in full is due no later than five (5) business days from the time and date of the Buyer's Certificate. Acceptable forms of payment are: U. S. Currency, Certified Cashiers Check, Money Order, wire, or by credit card using this link: Click here to make payment. Buyers should be aware that for any payment made by card there is a 3% fee that will need to be added to the overall total out the door price. To do so, please visit Liquidity Services' Tax Exemption Submission Tool.
PAYMENT
If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account.Note:
1. A 10% deposit for real property is required within 24-hours of auction closure.
2. Any invoice $5,000 or above requires payment via wire transfer.
3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ.
SALES TAX
When applicable, sales tax is calculated based upon the auction’s advertised location.If you are seeking sales tax exemption, you must complete Liquidity Services’ tax exemption form(s). We recommend doing this prior to the auction’s closure or before making payment. The Buyer Service Fee is to be paid electronically via the 'My Bids' page. The remaining sale amount is paid directly to client at either time of pickup or according to any special payment instructions. The Buyer's Certificate will contain information to schedule payment. Once the Buyer Service Fee has been paid to Liquidity Services, payment of the asset in full is due no later than five (5) business days from the time and date of the Buyer's Certificate. Acceptable forms of payment are: U. S. Currency, Certified Cashiers Check, Money Order, wire, or by credit card using this link: Click here to make payment. Buyers should be aware that for any payment made by card there is a 3% fee that will need to be added to the overall total out the door price. To do so, please visit Liquidity Services' Tax Exemption Submission Tool.
Removal
ONCE THE ITEM HAS BEEN REMOVED FROM THE SELLER’S LOCATION; ALL SALES ARE FINAL.
Special Instructions
If you are the winning bidder and default by failing to adhere to this seller's terms and conditions, your account with GovDeals WILL BE LOCKED!
GUARANTY WAIVER: All property is offered for sale “AS IS, WHERE IS.” Seller makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. The Buyer is not entitled to any payment for loss of profit or any other money damages – special, direct, indirect, or consequential. DESCRIPTION WARRANTY: Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for an incorrect description must be made prior to removal of the property. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. ***SELLER TO PREPARE DEED DIRECTLY AND BUYER WILL BE RESPONSIBLE FOR ANY FEES AND CLOSING COSTS ASSOCIATED WITH THE TRANSACTION. *** Upon receipt of the payment by Govdeals, the seller will utilize the buyer's name and address information on the certificate to prepare the deed paperwork. Subsequently, the seller will submit the deed to the county for recording and send copies to the buyer. It remains the seller's responsibility to ensure the deed is recorded with the county.
PLEASE REVIEW THE SELLER’S TERMS AND CONDITIONS OF SALE.
REGISTRATION FOR AUCTION: You must first register to bid at the online auction, which will be conducted by www.govdeals.com. To be approved to place bids, which includes a bidder’s number enabling you to bid, you must complete registration at https://www.govdeals.com/register/. Some auctions may be subject to a bid deposit requirement. This will be as specified on the auction page and on a restriction banner. CONDUCT OF THE AUCTION: Buyer accepts property as-is, where-is, with all faults. Only bid on this property if you are truly interested in purchasing the property for your bid amount, and only if you are prepared to immediately send the full balance due. Seller offers this real estate for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of this property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding this property. Buyer’s Premium & Additional Fees. If a Buyer’s Premium and/or Additional Fees are shown on the auction page Bid Box, then that amount (expressed as a percentage of the final selling price or a specified amount) will be added to the final selling price of all items in addition to any taxes imposed. Default. Default shall include (1) failure to observe these terms and conditions; (2) failure to make good and timely payment. Default may result in termination of the contract and suspension from participation in all future sales until the default has been cured. If the Buyer fails in the performance of their obligations, Seller may exercise such rights and may pursue such remedies as are provided by law. Seller reserves the right to reclaim and resell all property not paid by the specified due date. Acceptance of Terms and Conditions. By submitting a bid, the bidder agrees they have read, fully understand and accept these Terms and Conditions, and agree to pay for by the dates and times specified. These Terms and Conditions are available for review in the bid box at the top of each page of each asset listed on GovDeals.
GUARANTY WAIVER: All property is offered for sale “AS IS, WHERE IS.” Seller makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. The Buyer is not entitled to any payment for loss of profit or any other money damages – special, direct, indirect, or consequential. DESCRIPTION WARRANTY: Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for an incorrect description must be made prior to removal of the property. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. ***SELLER TO PREPARE DEED DIRECTLY AND BUYER WILL BE RESPONSIBLE FOR ANY FEES AND CLOSING COSTS ASSOCIATED WITH THE TRANSACTION. *** Upon receipt of the payment by Govdeals, the seller will utilize the buyer's name and address information on the certificate to prepare the deed paperwork. Subsequently, the seller will submit the deed to the county for recording and send copies to the buyer. It remains the seller's responsibility to ensure the deed is recorded with the county.
PLEASE REVIEW THE SELLER’S TERMS AND CONDITIONS OF SALE.
REGISTRATION FOR AUCTION: You must first register to bid at the online auction, which will be conducted by www.govdeals.com. To be approved to place bids, which includes a bidder’s number enabling you to bid, you must complete registration at https://www.govdeals.com/register/. Some auctions may be subject to a bid deposit requirement. This will be as specified on the auction page and on a restriction banner. CONDUCT OF THE AUCTION: Buyer accepts property as-is, where-is, with all faults. Only bid on this property if you are truly interested in purchasing the property for your bid amount, and only if you are prepared to immediately send the full balance due. Seller offers this real estate for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of this property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding this property. Buyer’s Premium & Additional Fees. If a Buyer’s Premium and/or Additional Fees are shown on the auction page Bid Box, then that amount (expressed as a percentage of the final selling price or a specified amount) will be added to the final selling price of all items in addition to any taxes imposed. Default. Default shall include (1) failure to observe these terms and conditions; (2) failure to make good and timely payment. Default may result in termination of the contract and suspension from participation in all future sales until the default has been cured. If the Buyer fails in the performance of their obligations, Seller may exercise such rights and may pursue such remedies as are provided by law. Seller reserves the right to reclaim and resell all property not paid by the specified due date. Acceptance of Terms and Conditions. By submitting a bid, the bidder agrees they have read, fully understand and accept these Terms and Conditions, and agree to pay for by the dates and times specified. These Terms and Conditions are available for review in the bid box at the top of each page of each asset listed on GovDeals.
Additional Information
First time bidding? Please review our Terms and Conditions.
For further assistance please review our Frequently Asked Questions.