Table of Contents
Schaaf Family Trust Highlights
The Schaaf Family Trust auction consists of 16.87 acres of vacant land ready for development just three minutes from the new $880 million Meta (Facebook) server facility in the River Ridge Commerce Center. River Ridge is a 6,000-acre former ammunition factory just outside of Louisville, KY.
The property is divided into Parcel B 1.60 acres, Parcel D 3.58 acres, and parcel G 11.69 acres. In the pending revised Town of Utica Master Plan, Parcels B & G are each designated as “medium” residential potential with up to four (4) single-family residences per acre. Parcel D, is identified as a Town Center Overlay District, a very flexible use description.
The noted Master Plan calls for the entire area to become a mix of modern community residential, mercantile, entertainment, and green spaces with immediate access to the River Ridge Commerce Center via sidewalks and automotive underpass of I-265.
Directions
From the Exit 11 of Indiana 165 (pending Interstate 165), Southward on Old Salem Rd (0.2 mile), turn left to remain on Old Salem Rd. Drive 9/10 mile to town of Utica. Left at N. 4th St, one block to Utica-Charlestown Rd (aka Market St) turn left, Parcel D sits to left at intersection of Sixth Street & Utica-Charlestown Rd (look to the 11:00 position). By driving up the hill to the crest, Parcel G lays to the right, and Parcel B backs a private lane to the left.
Auction Catalog
Auction Date and Time
Please keep in mind the date and time that this particular auction will run. You can register to bid by clicking the blue button at the top of this page.
- START: Mon Mar 25 2024 2:00 PM EST
- END: Thu Mar 28 2024 2:00 PM EST
Property Drone Footage
Auctioneer
Tom Cox
Indiana License Number AU1170024
Kentucky License Number 259137
Please feel free to contact Tom for more information.