111020 2pm 10th Street Online RE Featured Overlay

Tenth Street Commercial Online Auction

SOLD

Real Estate — $332,200

Premium Included

STARTING DATE

2:00 pm
Tuesday, November 3

ENDING DATE

2:00 pm *
Tuesday, November 10

*Extended Bidding
LOCATION

801 E. 10th Street
Jeffersonville, IN 47130

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Buyer's Premium

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

Real Estate Terms

10% Non-refundable down payment in the form of cash, check, or wired funds are due within 24 hours following the auction, balance due in 40 days. Taxes prorated to the day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed before the auction. See full details in the Auction Bid Packet.

Inspection

  • Wednesday, November 4, 11AM – 1PM
  • Tuesday, November 10, 11AM – 1PM

Or contact us for a private showing.

Seller

Ron Ritter

Prime commercial property located at the traffic signal intersection of 10th Street and Dutch Lane in Jeffersonville – zoned C-1 in the TTMO District on the revitalized Tenth Street corridor. The property includes a 4072 SF building with a 4-bay garage and auto lift, 5 offices, and 3 efficiency offices up (cannot be rented as residential with current zoning) – currently the home of Ritter’s Auto Center. Located just 3/4 mile east of I-65 near the City’s new Gateway Development and 4.5 miles West of I-265 and just 1 mile north of downtown.

REAL ESTATE

The owner Ron Ritter, is retiring after 40 successful years as a buy here pay here used car dealer in the heart of Jeffersonville on the recently revitalized 10th Street, known as the commercial corridor connecting downtown to the east end. The property located at the traffic signal intersection of Dutch Lane is zoned C-1 in the TTMO District.

The two-story building with a metal roof has 2772 SF with 5 offices including contents, lobby, break room, storage utility room on the first floor, and three efficiency offices on the second floor, with outside entrances. A 25’ x 52’ service garage has 4-bays with 10’x10’ glass overhead doors, a Bend Pak 2-post above ground car lift, and an air compressor. The lot with 112’ frontage on 10th Street and 155’ frontage on Dutch Lane is completely paved with high visibility and access from both streets and the alley.

Centrally located in Jeffersonville just 3/4 mile east of I-65 near the City’s new Gateway Development, the Clark Memorial Hospital, vibrant downtown Jeffersonville, and minutes from Louisville, Kentucky.

PROPERTY HIGHLIGHTS

  • Revitalized Tenth Street Corridor
  • Zoned C-1 – TTMO District
  • Traffic Signal Intersection
  • 0.37 Acre Corner Lot with Improvements
  • Double Frontage – Excellent Exposure
  • 4072 SF Building Built 1945
    • 4-Bay Garage with Auto Lift
    • 5 Offices – 1 Restroom
    • 3 Efficiency Offices
  • Public Transportation Route
  • Near The City’s New Gateway Development
  • 3/4 Mile East of I-65 Jeffersonville 10th Street Exit # 1
  • 1 Mile North of Downtown Jeffersonville
  • 4.5 Miles West of I-265

Seller represents in December of 1988 six (6) underground tanks and piping (waste oil tanks and gas tanks) were removed from the property which has previously been a Texaco gas station. The Clark County Health Department was advised in advance of the removal and they advised there were no permits needed. The seller has never received any type of complaint or notice of any violation from the Indiana Department of Environmental Management. There are two (2) hydraulic lifts on the property unused for decades and covered by flooring. To the best knowledge of Seller, the property is not contaminated with any hazardous material and the property is not listed upon any government list for decontamination.

Seller makes no further representations and/or warranties regarding the environmental issues with the real estate. The real estate is being sold “AS IS”. Buyer releases Seller, brokers, agents, contractors and/or auctioneer relating to the condition of the real estate.

C-1 – Small to Medium Scale General Commercial
TTMO – Tenth Street Traditional Marketplace Overlay District
For questions regarding future use contact: Shawn Dade, Jeffersonville Planning & Zoning
Email: sdade@cityofjeff.net
Office: 812-285-6413
Jeffersonville Land Use & Zoning

10th Street (Between Nachand Lane and Spring Street): 25,921 – 35,671
Dutch Lane: 8,570

Vectren Gas
Duke Electric
Indiana American Water
Jeffersonville Sewers

City of Jeffersonville ifw (Annual) — $2,752.00

10-20-00-200-886.000-010

Part Lot 20, Lots 17, 18, 19 Block 6, I & R Subdivision

MAX BID

Place your max bid and let the system bid for you. In the event two bidders have placed identical max bids, the first bid received will be the successful bid.

EXTENDED BIDDING

To prevent bid sniping, last-minute bids will extend individual lots using our ‘soft-close’ functionality.

  • If a bid is placed in the last 10 minutes, the lot will remain open for an additional 10 minutes.
  • If any further bidding occurs, the extension timer will reset to 10 minutes.
  • If no further bidding occurs, the lot closes when the timer runs out.

Directions

I-65 to Jeffersonville 10th Street Exit 1. East 1 mile on 10th Street to auction on left on the corner of Dutch Lane. Or West 4.5 miles on10th Street from I-265.

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