0 Fairview Ave, Franklin, KY Online Only Auction

0 Fairview Ave, Franklin, KY Online Only Auction

Thursday, August 27^th at 10:00am CT

0 Fairview Avenue, Franklin, KY 42134

Live auction with online bidding. 

Simpson County, Kentucky

AS-IS / WHERE-IS: This property is being sold AS-IS, WHERE-IS, with no warranties expressed or implied. All information is deemed reliable but not guaranteed and should be independently verified by all prospective bidders.

Property Highlights

-±2.56 acres (per ACES boundary survey; Deed Book 359, Page 304; Plat Book 6, Page 90) 

-Zoned R-3 (Single Family through Limited Multi-Family) by Simpson County/City of Franklin

-Currently one lot; fully engineered and permitted for a 20-unit, 5-building multifamily development ("Axis Apartments") — never constructed

-Not in a FEMA flood-prone area (FIRM Map #21213C0178C)

-Located on Fairview Avenue near its intersection with Rickel Avenue

Extensive Site-Prep & Entitlement Package Included

This is a rare shovel-ready opportunity — the seller invested heavily in engineering and permitting that a buyer can step directly into:

-Full civil engineering plan set by Arnold Consulting Engineering Services (ACES), dated 12/31/2024, including existing topography, proposed site layout, grading & drainage, erosion control (pre/intermediate/post), sanitary sewer & water plan, electric/gas/telephone plan, landscape plan, and construction details

-Engineering approval letter from RJ Consulting Engineering (dated 1/3/2025) approving site, drainage, and EPSC plans

-KPDES Construction Stormwater permit (KYR10S881) issued by KY Energy & Environment Cabinet, effective 10/25/2024

-Storm Water Management Inspection & Maintenance Agreement executed with the City of Franklin (1/3/2025)

-Franklin-Simpson Development Plan Application submitted and fee-paid for a 20-unit apartment development

-Recorded/dedicated 20' waterline easement (0.17 ac) and ingress/egress easement (0.10 ac) for benefit of the lot

-Portion of Fairview Avenue right-of-way (0.47 ac) positioned for abandonment/incorporation into the site

-City utilities available: water & sewer (Franklin Public Works), electric (Franklin Electric Plant Board), gas (Atmos Energy), telephone (AT&T)

Property Description

Rarely does a vacant tract come to market this far down the development runway. The current owner engaged a full engineering and survey team to design, permit, and prepare a 20-unit multifamily development on this ±2.56-acre Franklin, Kentucky tract — but construction was never started. The buyer inherits a substantial head start: approved civil plans, an active stormwater discharge permit, a signed stormwater maintenance agreement with the city, and a filed development plan application. Whether a buyer proceeds with the existing multifamily concept or pursues an alternate plan for the R-3 zoned ground, the engineering, survey, and permitting legwork is already done.

Terms

-10% Buyer's Premium (BP) due from winning bidder immediately following the auction

-Sold AS-IS, WHERE-IS

-Closing within 30 days or less

-All day-of-auction announcements take precedence over any prior advertised material

INFO CONTACT: Crystal Locke, Realtor & Auctioneer, 615-681-1954 | Broker & Auctioneer / List Agent: Bryan Ayers, Broker License #265465, Principal Auctioneer License TN #7490, GA #AU004787, KY #298280, Apex Realty & Auction

Broker Participation Form