More Information
ONLINE ONLY REAL ESTATE AUCTION
Bidding Starts at $125,000
Bidding Ends: Tuesday March 24th @ Noon
PROPERTY ADDRESS: 116-118 W North St. Fostoria, OH 44830
Seneca County Parcel ID: P51-03-092140-00-00 & P51030965330500
Description (PLEASE READ)
Commercial / Mixed-Use Opportunity 116–118 W North St, Fostoria
Bring your vision to this 10,950 SF downtown building offering two retail storefront units across two stories with strong redevelopment potential. The entire upper level is in shell condition, giving a buyer a clean slate for buildout—think offices, studio/creative space, or potential residential conversion (subject to zoning/approvals). The property’s prior layout included a restaurant with seating on both sides and an event space, making it well-suited for hospitality concepts, retail, or a multi-tenant investment strategy. Zoned ARE (buyer to verify permitted uses and any required approvals).
Highlights:
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Approx. 10,950 SF total
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Two storefront retail units
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Two-story structure with upper level shell
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Prior use: restaurant + event/banquet space
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Flexible configuration for owner-user or investor repositioning
Lot Size: 0.20 Acres
Annual Taxes: $ 3.834 (Approx)
Property Map
Basic Terms:
Real Estate sells subject to a minimum bid of $125,000. A 10% Non-Refundable deposit will be collected from the winning bidder the day of Auction no later than 5pm. Deposit instructions will be given to the winning bidder. 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. The Buyer pays all closing costs. A marketable, insurable deed will be given at closing with no liens or back taxes.
Deposit and Closing:
Close within 30 day using Associates Title Inc.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see & Complete Realtor Registration form attachment. Please call Auctioneer to schedule all showings.