MAJOR COMMERCIAL REAL ESTATE AUCTION

Description

Located: (Sells Live on Site): 1309 &1311 Delaware Ave. Marion, OH 43302. Just W. of Speedway near Delaware Ave. & Barks Rd. intersection or just E. of the U.S. Post Office.
Longtime developer and owner based in New York, NY, has no further interest or need for this great property!

REAL ESTATE: Auditor Parcels #14-3500000600 & #14-3500000400 selling as 1 parcel and has been annexed to the city with sewer/city utilities. Totaling 16.245 +/- acres w/ingress & egress access from Delaware Ave. & Barks Rd. Property has a large 9,100 +/- sq. ft. comm. block retail store building (approx. 100’ x 91’) w/2 separate front entrances. One storefront (3,000 sq. ft.) is currently rented on a month-to-month basis @ $1,250.00 per month. Taxes are $13,722.92 per yr. To view, please call our office.

Terms

TERMS & CONDITIONS: The successful bidder(s) will be required to enter into a purchase contract at the conclusion of the auction. A 10% buyer’s premium will be added to the final bid to establish contract price. We will require a deposit of $50,000 down (non-refundable) due at the conclusion of the auction with the balance due in 45 days. Your bidding is not conditional upon financing, inspections or appraisals. Be sure you have arranged financing, if needed, and are capable of paying certified funds at closing. Assignments of any purchase contracts are conditional on the bidder remaining jointly liable on the contract with the assignee. Taxes pro-rated to closing date. Parcels selling subject to all legal highways, easements, restrictions, agreements and rights-of-way of record, and any lease, grant, exception, or reservation of coal, oil, gas and other mineral rights and interests previously transferred or reserved of record, if any. New surveys will be paid by sellers if needed. The purchaser will be responsible for the cost of title insurance or other type of title evidence if the purchaser(s) elect to acquire such title insurance/title evidence. Acreages and frontages are subject to final survey if applicable.

DISCLAIMER: Information contained in this brochure and all related materials is based upon information available at time of listing and are believed to be accurate, but is subject to verifications by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or Auction Company. Tract acreage, dimensions, aerial photos and boundaries are approx. and are taken from County records. The potential Buyers hereby stipulate and agree that they have examined the property. Relying solely upon such examination with reference to conditions, Buyers agree to take such property “AS IS” without any expressed or implied warranties by Seller or Seller’s agent. Any inspections desired by the Buyer shall be prior to the auction at Buyer’s expense.