BEING MARKETED & AUCTIONED BY:

Brian Davis, Auctioneer/Realtor®

Auction Ohio Real Estate, Realtors® & Auction Ohio

7461 Worthington Galena Road, Worthington, OH 43085

(614) 499-3340,  brian@auctionohio.com

GENERAL PROPERTY INFORMATION

Acres: 0.689

Total Building Sq Ft.: 4,000 +/-

Finished Space Sq Ft: 2,863

Shop/Storage Sq Ft: 1,169

Zoned: MU-1(see attachment)

Year Building Was Built: 1984

Heating: Forced Air

Cooling: Central

Foundation: Slab

Stories: 1 Story

Siding: Steel

Parking: 15-20

Commercial property on US Rt 23(Columbus Pike). The property has 0.689 acres, a 4,000 sq ft building, and plenty of parking. The building is a steel structure with finished office and retail space. The building also offers a shop area that has high ceilings and room or 2 vehicles. The property currently offers 15-20 parking spaces with a mixture of asphalt and gravel. The new zoning restrictions are attached, the current zoning shows a Mixed Use 1.

The septic is not currently working at 100%. We have attached a quote to fix the issue(we are not representing this will fix the problem, it is a quote). The owner understands the issue to be when it rains hard the toilets will not operate properly.

DELAWARE COUNTY

School District:  2104 OLENTANGY LSD

Parcel Number:  318-220-01-023-000

2020 Real Estate Taxes:  $4,557.20  Per Year(per auditor after reduction)

BIDDER DOCUMENTS

The 'Purchase Contract Documents' (with 'specimen' real estate purchase contract & relevant purchase documents)  will be attached soon for your review.

AUCTION TERMS & CONDITIONS:

  The property sells with a disclosed reserve of $175,000 minimum bid (Reserve)

   See the Acknowledgement of Terms & Conditions Document. Must be signed before bidding – No Contingencies.

   The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.

   The sale is not contingent upon a satisfactory inspection.

   The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

   The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.

   The successful bidder/buyer will deposit $10,000 (earnest money) by electronic transfer

   Buyer to proceed to close within (30) days of the auction.

   Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

   There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.

   Please see the Frequently Asked Questions and Advantages of Competitive Offers for more details.