ONLINE COMMERCIAL REAL ESTATE BANKRUPTCY AUCTION
Listing ID#: 656760

Sale Location

Newark, OH 43055
Sale Dates and TimesSALE IS COMPLETED
Bidding Starts: Friday Dec 15, 9:00 AM
Bidding Ends: Wednesday Jan 17, 7:00 PM
Sale Type
 Online Auction  VIEW ONLINE CATALOG
Company Information
Auction Ohio

Contact: Chris Davis
Phone: 614-846-3300
Email: chris@auctionohio.com
Website: www.AuctionOhio.com

EstateSale.com ID#: 8351
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Listing Information

BANKRUPTCY AUCTION

 

Pursuant to United State Bankruptcy Court, Southern District of Ohio, Eastern Division, Case No. 2:23-bk-52511; property being sold by William B. Logan Jr. Bankruptcy Trustee.

 

The seller will pay for preparation of deed, county conveyance fee and proration of real estate taxes. If buyer desires title insurance, it will be at the buyer’s expense.

The sale is subject to the approval of the Bankruptcy Court.

REAL ESTATE ONLINE AUCTION

 

ONLINE BIDDING AVAILABLE NOW

Copy and paste the link to learn more and bid online: https://aoway.info/AO-200373

 

Preview Instructions: 

Showings are available by request. OPEN HOUSES: Monday, January 8th, 2024 (4:00-5:00 PM) & Monday, January 15th, 2024 (4:00-5:00 PM)

 

Bidding Open NOW Until

Wednesday, January 17, 2024 @ 7:00 PM EST

 

Property Location:

242 O'Bannon Avenue, Newark, OH 43055

  

The Minimum Bid Is $150,000.00

 

BEFORE BIDDING YOU MUST DOWNLOAD & SIGN

“Acknowledgement of Real Estate Auction Terms & Conditions” email to chrisdavisauctioneers@auctionohio.com

 
 
 

AUCTIONEER: 


Chris Davis, Auctioneer/Realtor® 

AO Real Estate, Realtors® & Auction Ohio 

7461 Worthington Galena Road 

Worthington, OH 43085 


614-570-2500, cell

chris@auctionohio.com

Auctioneer License # 57198537999

Real Estate License # SALM.0000323631
DUE DILIGENCE DOCUMENTS
BUYER AGENT CHECKLIST
 

3,262 SQ FT

.35 ACRES
 
 

MLS # 223039811

Parcel #:054-195408-00.000

County: Licking

School District: NEWARK CSD

Neighborhood: 00604 Newark - Belle Vista

Combined Taxes: $2,511.64/2022 year

Year Built: 1999

Previous Use: Retail

Use Code: 429 - OTHER RETAIL STRUCTURES

# Drive-In Doors: 2

Ceiling Height Ft: 10

Total Parking: 15

A 3,262 sq. ft. metal building with 1,612 sq. ft. of office space (7 rooms) and 1,650 sq. ft. of warehouse and storage space (with 10’ x 10’ overhead doors on the west & east side of the building) with 2 restrooms. There is parking for 15+ vehicles. The property is situated on a 0.35 acre (+/-) corner lot, conveniently located about 0.35 miles north of State Route 16.


Approximate Lot Dimensions:  W=132.7'   E=71.4'   S=150'   N=137.5'


NOTE: The building contents are being sold in a separate auction (ending soon), and contents will be removed prior to closing.

SUMMARY OF TERMS AND CONDITIONS
  1. The property sells with a reserve of $150,000 (MINIMUM BID).
  2. See the Acknowledgement of Terms & Conditions document. It must be signed before bidding.
  3. The real estate sells in 'AS IS' condition. The Seller is not making any repairs or giving any concessions – No Contingencies.
  4. The sale is not contingent upon a satisfactory inspection.
  5. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
  6. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.
  7. The successful bidder/buyer will deposit $10,000 (earnest money) by electronic transfer.
  8. Closing shall take place as soon as possible after the entry of an order approving the sale of the property by the Bankruptcy Court but, within 20 days after the entry of an order of the Bankruptcy Court approving the sale, unless otherwise agreed by the parties.
  9. Seller will provide and pay for preparation of deed, county conveyance fee, and the proration of real estate taxes.
  10. If the Buyer desires title insurance, it will be at the Buyer’s expense.
  11. There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.
  12. Please see the Frequently Asked Questions and Advantages of Competitive bids for more details.

Chris Davis is licensed by the Ohio Department of Agriculture and under the recovery fund by the State of Ohio. An aggrieved person may initiate a claim against the auction recovery fund created in Section 4707.25 of the Revised Code as a result of the licensee’s actions.

 

Ohio Department of Agriculture

8995 E. Main Street, Bldg. 1

Reynoldsburg, OH 43068

 

 
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ONLINE COMMERCIAL REAL ESTATE BANKRUPTCY AUCTION

Auction Ohio

Auction Ohio

Contact: Chris Davis
Phone: 614-846-3300
Sale Location
242 O'Bannon Avenue
Newark, OH 43055
Sale Dates and Times
Sale Terms and Conditions

Listing Details

BANKRUPTCY AUCTION

 

Pursuant to United State Bankruptcy Court, Southern District of Ohio, Eastern Division, Case No. 2:23-bk-52511; property being sold by William B. Logan Jr. Bankruptcy Trustee.

 

The seller will pay for preparation of deed, county conveyance fee and proration of real estate taxes. If buyer desires title insurance, it will be at the buyer’s expense.

The sale is subject to the approval of the Bankruptcy Court.

REAL ESTATE ONLINE AUCTION

 

ONLINE BIDDING AVAILABLE NOW

Copy and paste the link to learn more and bid online: https://aoway.info/AO-200373

 

Preview Instructions: 

Showings are available by request. OPEN HOUSES: Monday, January 8th, 2024 (4:00-5:00 PM) & Monday, January 15th, 2024 (4:00-5:00 PM)

 

Bidding Open NOW Until

Wednesday, January 17, 2024 @ 7:00 PM EST

 

Property Location:

242 O'Bannon Avenue, Newark, OH 43055

  

The Minimum Bid Is $150,000.00

 

BEFORE BIDDING YOU MUST DOWNLOAD & SIGN

“Acknowledgement of Real Estate Auction Terms & Conditions” email to chrisdavisauctioneers@auctionohio.com

 
 
 

AUCTIONEER: 


Chris Davis, Auctioneer/Realtor® 

AO Real Estate, Realtors® & Auction Ohio 

7461 Worthington Galena Road 

Worthington, OH 43085 


614-570-2500, cell

chris@auctionohio.com

Auctioneer License # 57198537999

Real Estate License # SALM.0000323631
DUE DILIGENCE DOCUMENTS
BUYER AGENT CHECKLIST
 

3,262 SQ FT

.35 ACRES
 
 

MLS # 223039811

Parcel #:054-195408-00.000

County: Licking

School District: NEWARK CSD

Neighborhood: 00604 Newark - Belle Vista

Combined Taxes: $2,511.64/2022 year

Year Built: 1999

Previous Use: Retail

Use Code: 429 - OTHER RETAIL STRUCTURES

# Drive-In Doors: 2

Ceiling Height Ft: 10

Total Parking: 15

A 3,262 sq. ft. metal building with 1,612 sq. ft. of office space (7 rooms) and 1,650 sq. ft. of warehouse and storage space (with 10’ x 10’ overhead doors on the west & east side of the building) with 2 restrooms. There is parking for 15+ vehicles. The property is situated on a 0.35 acre (+/-) corner lot, conveniently located about 0.35 miles north of State Route 16.


Approximate Lot Dimensions:  W=132.7'   E=71.4'   S=150'   N=137.5'


NOTE: The building contents are being sold in a separate auction (ending soon), and contents will be removed prior to closing.

SUMMARY OF TERMS AND CONDITIONS
  1. The property sells with a reserve of $150,000 (MINIMUM BID).
  2. See the Acknowledgement of Terms & Conditions document. It must be signed before bidding.
  3. The real estate sells in 'AS IS' condition. The Seller is not making any repairs or giving any concessions – No Contingencies.
  4. The sale is not contingent upon a satisfactory inspection.
  5. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
  6. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.
  7. The successful bidder/buyer will deposit $10,000 (earnest money) by electronic transfer.
  8. Closing shall take place as soon as possible after the entry of an order approving the sale of the property by the Bankruptcy Court but, within 20 days after the entry of an order of the Bankruptcy Court approving the sale, unless otherwise agreed by the parties.
  9. Seller will provide and pay for preparation of deed, county conveyance fee, and the proration of real estate taxes.
  10. If the Buyer desires title insurance, it will be at the Buyer’s expense.
  11. There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.
  12. Please see the Frequently Asked Questions and Advantages of Competitive bids for more details.

Chris Davis is licensed by the Ohio Department of Agriculture and under the recovery fund by the State of Ohio. An aggrieved person may initiate a claim against the auction recovery fund created in Section 4707.25 of the Revised Code as a result of the licensee’s actions.

 

Ohio Department of Agriculture

8995 E. Main Street, Bldg. 1

Reynoldsburg, OH 43068

 

 
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ONLINE COMMERCIAL REAL ESTATE BANKRUPTCY AUCTION
 Online Only Auction
Sale Date(s)
Bidding Starts: Friday Dec 15 , 9:00 AM
Bidding Ends: Wednesday Jan 17 , 7:00 PM
Sale Location

Newark, OH 43055

BANKRUPTCY AUCTION

 

Pursuant to United State Bankruptcy Court, Southern District of Ohio, Eastern Division, Case No. 2:23-bk-52511; property being sold by William B. Logan Jr. Bankruptcy Trustee.

 

The seller will pay for preparation of deed, county conveyance fee and proration of real estate taxes. If buyer desires title insurance, it will be at the buyer’s expense.

The sale is subject to the approval of the Bankruptcy Court.

REAL ESTATE ONLINE AUCTION

 

ONLINE BIDDING AVAILABLE NOW

Copy and paste the link to learn more and bid online: https://aoway.info/AO-200373

 

Preview Instructions: 

Showings are available by request. OPEN HOUSES: Monday, January 8th, 2024 (4:00-5:00 PM) & Monday, January 15th, 2024 (4:00-5:00 PM)

 

Bidding Open NOW Until

Wednesday, January 17, 2024 @ 7:00 PM EST

 

Property Location:

242 O'Bannon Avenue, Newark, OH 43055

  

The Minimum Bid Is $150,000.00

 

BEFORE BIDDING YOU MUST DOWNLOAD & SIGN

“Acknowledgement of Real Estate Auction Terms & Conditions” email to chrisdavisauctioneers@auctionohio.com

 
 
 

AUCTIONEER: 


Chris Davis, Auctioneer/Realtor® 

AO Real Estate, Realtors® & Auction Ohio 

7461 Worthington Galena Road 

Worthington, OH 43085 


614-570-2500, cell

chris@auctionohio.com

Auctioneer License # 57198537999

Real Estate License # SALM.0000323631
DUE DILIGENCE DOCUMENTS
BUYER AGENT CHECKLIST
 

3,262 SQ FT

.35 ACRES
 
 

MLS # 223039811

Parcel #:054-195408-00.000

County: Licking

School District: NEWARK CSD

Neighborhood: 00604 Newark - Belle Vista

Combined Taxes: $2,511.64/2022 year

Year Built: 1999

Previous Use: Retail

Use Code: 429 - OTHER RETAIL STRUCTURES

# Drive-In Doors: 2

Ceiling Height Ft: 10

Total Parking: 15

A 3,262 sq. ft. metal building with 1,612 sq. ft. of office space (7 rooms) and 1,650 sq. ft. of warehouse and storage space (with 10’ x 10’ overhead doors on the west & east side of the building) with 2 restrooms. There is parking for 15+ vehicles. The property is situated on a 0.35 acre (+/-) corner lot, conveniently located about 0.35 miles north of State Route 16.


Approximate Lot Dimensions:  W=132.7'   E=71.4'   S=150'   N=137.5'


NOTE: The building contents are being sold in a separate auction (ending soon), and contents will be removed prior to closing.

SUMMARY OF TERMS AND CONDITIONS
  1. The property sells with a reserve of $150,000 (MINIMUM BID).
  2. See the Acknowledgement of Terms & Conditions document. It must be signed before bidding.
  3. The real estate sells in 'AS IS' condition. The Seller is not making any repairs or giving any concessions – No Contingencies.
  4. The sale is not contingent upon a satisfactory inspection.
  5. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
  6. The successful bidder will sign and return within 24 hours the purchase contract and other applicable documents electronically following the close of the auction.
  7. The successful bidder/buyer will deposit $10,000 (earnest money) by electronic transfer.
  8. Closing shall take place as soon as possible after the entry of an order approving the sale of the property by the Bankruptcy Court but, within 20 days after the entry of an order of the Bankruptcy Court approving the sale, unless otherwise agreed by the parties.
  9. Seller will provide and pay for preparation of deed, county conveyance fee, and the proration of real estate taxes.
  10. If the Buyer desires title insurance, it will be at the Buyer’s expense.
  11. There is a 10% (TEN) Buyer’s Premium added to the final offer to determine the final purchase price.
  12. Please see the Frequently Asked Questions and Advantages of Competitive bids for more details.

Chris Davis is licensed by the Ohio Department of Agriculture and under the recovery fund by the State of Ohio. An aggrieved person may initiate a claim against the auction recovery fund created in Section 4707.25 of the Revised Code as a result of the licensee’s actions.

 

Ohio Department of Agriculture

8995 E. Main Street, Bldg. 1

Reynoldsburg, OH 43068