Lexington, Ky. – With a new branch library underway on Man o’War Boulevard, the Eagle Creek Branch of the Lexington Public Library will be sold at absolute auction at 1 p.m. Friday, Nov. 20, at the branch location of 101 N. Eagle Creek Drive.
Beiderman Real Estate and Auctioneers of Lexington will conduct the auction with Lexington commercial brokerage Sperry Van Ness/Steve Pulliam.
The Lexington Public Library authorized the sale because the library system will be moving from the Eagle Creek Branch to a new branch at Palumbo Drive and Man o’War Boulevvard. The library purchased property at that corner in 2014. Renovations to the interior are currently underway, and the new branch is expected to open next year. The new branch will offer a 25-percent increase in the number of books and other materials, mutliple meeting rooms and study rooms, increased parking, and drive-through service.
Absolute auction means the Eagle Creek Branch property will be sold to the highest bidder on the day of sale, allowing the library to receive market value for the property with complete transaction transparency.
All auction and property inquiries should be directed to Tom Biederman at Biederman Real Estate and Auctioneers, (859) 277-2030, or Steve Pulliam at Sperry Van Ness, (859) 264-0888.
“We are honored to have been selected to market and sell the library property at 101 N. Eagle Creek at absolute auction, we look forward to working with all potential bidders and Lexington Public Library to achieve a wonderful opportunity for both buyer and seller,” Biederman and Pulliam said.