Live & online auction Aug 27 at 10AM CST. $50,000 is starting bid. Rare shovel-ready ±2.56 +/- acre tract in Franklin, KY, zoned R-3. Currently one lot with a full engineering and permitting package in place for a 20-unit, 5-building multifamily development that was never constructed - buyer inherits a major head start. Includes complete civil engineering plan set (site layout, grading/drainage, erosion control, utilities, landscape plan), engineering approval letter, active KPDES construction stormwater permit, executed Stormwater Management Inspection & Maintenance Agreement with the City of Franklin, and a filed development plan application. Not in a flood-prone area per FEMA. Dedicated waterline and ingress/egress easements benefit the lot. City water, sewer, electric, and gas available. Sold AS-IS, WHERE-IS. 10% Buyer's Premium due immediately following auction. Closing 30 days or less. All day-of-auction announcements take precedence over prior advertised material.
| MLS # | RA20264673 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Days On Site | 78 |
| Listing Provided By | Apex Realty, LLC | Bryan Ayers |
| Acreage | 2.56 |
|---|
| Location Features | Private Street, None |
|---|
| Sewer | City |
|---|---|
| Water | City |
| State | KY |
|---|---|
| County | Simpson |
| City | Franklin |
| Zip Code | 42134 |
| Area | Simpson County |
| Subarea | Simpson County |
| Community Name | Myrtle Cove |
| School District | Franklin Simpson |
| Elementary School | Simpson |
| High School | Franklin Simpson |
| Listing VS Median (in Myrtle Cove) | |
Price: $50,000 low | high Med: $0 On site: 78 low | high Med: | |
| State | KY |
|---|---|
| County | Simpson |
| City | Franklin |
| Zip Code | 42134 |
| Area | Simpson County |
| Subarea | Simpson County |
| Community Name | Myrtle Cove |
| School District | Franklin Simpson |
| Elementary School | Simpson |
| High School | Franklin Simpson |
| Listing VS Median (in Myrtle Cove) | |
Price: $50,000 low | high Med: $0 On site: 78 low | high Med: | |