LEXINGTON, Ky. — Fayette County Public Schools has declared four former school and office buildings as surplus assets and will offer them for sale through auctions scheduled for November and December, according to a district announcement posted on behalf of auctioneers Tranzon Asset Advisors and Schrader Commercial Properties.

The first auction will feature two former elementary schools: Johnson Elementary at 123 E. Sixth St. and Linlee Elementary at 2420 Spurr Road. Sealed bids for these properties are due by Nov. 10, with best and final online bidding scheduled for Nov. 12. Prospective bidders must submit an initial deposit of $100,000 and provide proof of financial capacity to close the transaction. Public inspection dates are set for Oct. 27 and Nov. 3.

Johnson Elementary occupies 3.185 acres with a 47,790-square-foot building constructed in 1939 with later additions. The property is zoned R-3 and B-1 and offers multiple roadway access points north of downtown Lexington. Linlee Elementary sits on 10.89 acres with a 61,279-square-foot single-floor building from 1927, located in North Lexington's development corridor and zoned Agr-U/Agr-R.

A second auction is scheduled for December, featuring the former central office complex at 701 E. Main St., with sealed bids due Dec. 8 and best and final bidding on Dec. 10. A residential property at 700 Bullock Place will be sold through online auction concluding Dec. 15.

The Fayette County Board of Education approved the surplus declarations and sale authorizations at its June meeting. Winning bidders will be responsible for a 10 percent escrow deposit and a 6 percent buyer's premium. Prospective bidders are encouraged to contact Jamie Schrader of Schrader Commercial Properties at (859) 288-5008 or Ed Durnil of Tranzon Asset Advisors at (866) 243-8243 for additional information and inspection scheduling.