Deep water marina with 40 boat slips is ready for new owner. Selling at auction, online only, this is a once in a lifetime opportunity. Located just south of the historic and beautiful downtown Vermilion OH, the marina has easy access while being off the beaten path to insure privacy and quiet solitude to enhance the boating experience. To get to the marina, one drives down a surreal little road, past summer cottages with colorful windsocks blowing in the breeze, simple docks and a relaxed atmosphere saying "Welcome to Lake Erie living".
The parking lot is level, clean and all gravel. The slips are all floating, hinged at the main dock and in very good condition. On the docks are electrical outlets and water supply in multiple locations throughout the dockage.
There is a super dockside boat lift (3 ton electric) included in the sale along with a small barge with modern cabin on it that could serve as a summer cottage itself! Boat owners lease by the season and are very loyal to the marina as they value the uniqueness, privacy and security that the location offers. Private homes line the lagoon across from the marina, and offer additional security as many locals "hang out" on their decks and patios enjoying the beautiful Lake Erie lifestye, keeping a friendly eye on the boats a stone's throw from their back yards.
In addition to the marina, which borders Riverside Drive, there are FOUR LOTS directly across the street from the marina that are included in this sale. The land there is a steep drop off from the road above, but there is both land to build "tiny" houses on the cliff side with parking below, and also a gravel drive area above which could serve as upper level parking, giving access to both the top and bottom of the property! Please view the photos to the end, where you will see a stunning example of the beautiful homes that could be built on such a property. More info on these types of home kits is available upon request.+
Lot Size: 180' road frontage 90' deep across the lot at the widest point.
Annual Taxes: $ 1525
LEAD AUCTIONEERJohn C. Froelich
From Route 6 - Liberty Avenue - turn south onto Vermilion Drive at the Burger King. Turn right at the first intersection 50' south of the overpass. Do not turn after the railroad tracks. KEEP GOING! until you have crossed over the highway overpass. It's literally right after the overpass, so be on the lookout. Follow the road down the hill and past the curve and stay on Riverside Drive until you see the marina on the right.
Sells subject to seller confirmation of high bid. 10% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Auction will be online only. Any bids received within the last 3 minutes prior to auction closing will automatically extend the bidding by 5 minutes. Auction will continue open as long as bidding is taking place. Once no bids are received during the last 3 minutes, the bidding will then close and the auction will be considered closed.
Deposit and Closing:
Closing will be conducted by Ohio First Land Title Agency LLC no more than 30 days after auction closes.
Andrea Robinson, President
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.