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Absolute Auction – City of Lebanon’s 1.48 Acre Lot – Zoned R-2

SPECIAL TWILIGHT ABSOLUTE AUCTION
THURSDAY – APRIL 24th – 5:30 P.M.
CITY OF LEBANON’S
1.48 ACRE LOT – ZONED R-2
QUALIFIES FOR UP TO A 4-FAMILY
RESIDENTIAL DEVELOPMENT
WITH PLENTY MORE
DEVELOPMENT POTENTIAL!
151 WRIGHT’S COURT
LEBANON, KY 40033

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THE LAND – 1.48 ACRES (+/-)

Attention Real Estate Investors…You need to take note of this absolute auction featuring a 1.48 acre (+/-) tract of land on Wright’s Court.

 Wright’s Court is conveniently located off North Street in the city limits of Lebanon.  This land is generally flat with a few trees & a garage still standing.

 (Note: The home was in disrepair and was torn down & removed from the property).  It is Zoned R-2 and currently qualifies for up to one 4-family residential development.  But wait…There’s more…Wright’s Court is a public city street!  The Buyer of this property can invest more & extend this street per the City of Lebanon’s specifications and build even more multi-family residential developments of up to 4 units…Subject to R-2 zoning regulations.

It’s real simple…Be the highest bidder and you bought it at this

SPECIAL TWILIGHT ABSOLUTE AUCTION ON THURSDAY, APRIL 24, 2025 AT 5:30 P.M.!

TERMS & CONDITIONS

* A 10% Buyer’s Premium will be added to the winning bid to determine the final sales and purchase price.

 * The Purchaser will pay a 20% deposit of the final sales and purchase price the day of the auction.

The balance will be due on or before May 24, 2025.

* The 2025 real estate property taxes are to be paid by the Purchaser.

INSPECTIONS

* The real estate & all improvements are being sold ‘AS IS‘ with no warranties, guarantees, or assumptions of liability, including environmental hazards.

All inspections are invited & encouraged.  For any inspections of this property, please call The Lancaster Agency, Inc. at (270) 692-6748,

or Charles Lancaster, Jr. at (270) 692-7270.

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION,

BROCHURES, SIGNS, ADVERTISING, OR STATEMENTS, WHETHER ORAL, WRITTEN, OR OTHERWISE,

REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.

CHARLES E. LANCASTER, JR. – PRINCIPAL BROKER / AUCTIONEER

CHARLES E. LANCASTER, SR. – AUCTIONEER

IRVIN ABELL – APPRENTICE AUCTIONEER

TREY ABELL – APPRENTICE AUCTIONEER