Bankruptcy Auction! Prime Highway Development – 54+ Ac. No Zoning. No Limits – Bid Your Price

An extraordinary commercial development opportunity is now available via online auction along US Highway 25E (Cumberland Gap Parkway) in Corbin, Knox County, Kentucky. This 54.25± acre parcel commands dual road frontage on two major corridors — approximately 1,500 linear feet on US Highway 25E and 1,600 linear feet on KY Highway 1232 (Old 25-E) delivering unmatched visibility, accessibility, and development flexibility rarely found in southeastern Kentucky. The property has been fully cleared, graded, leveled, vibratory compacted, and is shovel-ready for immediate development, with all major utilities already on site.

Property Ordered Sold by U.S. Bankruptcy Court! Previously Listed for over $10M – Bid Your Price!!

Prime Development: 54.25± Acres – Located on U.S. 25 (Cumberland Pkwy) with Premier Visibility – Utilities On-Site – Flexible Development Plan & Multiple Road Ingress/Egress – Online Auction Sale!

Water: Municipal City Water at Property - Fresh Untreated Water tap on site sourced from Laurel Lake, previously utilized by the former golf course for irrigation

Electric: Three-Phase Electricity available and on site

Gas: High-Pressure Natural Gas lines readily available on both US 25E and KY Highway 1232

Sewer: The Property is now Serviced by a New Municipal Sewer Connection (a $1.4 million Upgrade)

Access: Active Commercial Entrances from both US 25E and KY Highway 1232. Additionally, the Seller has received Permit Approval for an additional 55-foot wide ingress/egress entrance directly from US 25E — a four-lane divided highway with two dedicated turn lanes. This permit approval is fully transferrable to the new owner, providing immediate flexibility to configure access points to suit the buyer's specific development plan without delay or additional permitting cost.

Zoning & Incentives: No Zoning Restrictions (currently located in Knox County – eligible for Annexation by City of Corbin); a variety of tax incentives and allowances are available for qualifying buyers and end users

Flexible Development Plan: A Proposed Subdivision Plat has been prepared dividing the 51.78± acres into 22 individual tracts, ranging from 0.50 acres to 15.00 acres, served by a network of internal 40-foot wide roadways. Design Your Final Development Plan that Suits Your Needs!

Highway Frontage Tracts (Tracts 1–4A): 0.50 to 1.00+ acre pad sites with direct US 25E frontage, ideal for retail, restaurants, banking, fuel/convenience, or service commercial users

Large Interior Tracts (Tracts 9–13): 3.75 to 15.00 acres — Tract 9 alone can encompass 15.00 acres and can be further subdivided into four parcels, offering flexibility for big-box retail, logistics, warehousing, or light industrial users

Perimeter Tracts (Tracts 5–8, 14–23): 1.00 to 3.11 acres with useable acreage clearly identified, suited for mixed-use, multi-family, hospitality, or commercial pad site development

The internal road network provides full access to all tracts. The property will be sold through the auction in its entirety – Buyer can Design final Subdivision as Desired for Specific Use! Dollar General purchased and developed the 1.48± acre tract on the northwest corner of the property, providing an established brand presence that will be highly attractive to developers and investors considering the future development of the entire site. Sold Free & Clear Per Bankruptcy Court Order, No Back Taxes, No Liens, Title Insurance Available! U.S. Bankruptcy Court, Eastern District of Kentucky (London), Case No. 24-60486

Online Bidding Ends Nov. 19th at 3:00PM ET

Property Address: 13143 N US-25E, Corbin, KY 40701

Tranzon Asset Advisors, Edward D. Durnil KY Auctioneer #259408/Broker #187998

10% Buyer's Premium and other terms apply.

Contact Kelly Toney at 888-791-7307 ext. 808