More Information
ONLINE ONLY REAL ESTATE AUCTION
Bidding Starts at $99,000
Bidding Ends: Tuesday April 14th @ 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 seller approval. A 10% down payment is due by cash or check and will become your non-refundable deposit. The real estate is being sold As Is with no contingencies. All inspections must be completed prior to the auction. Closing shall occur within 30 days. A 10% buyer’s premium will be added to the high bid to determine the final contract sale price. Short tax proration. Buyer shall pay all closing costs. A general warranty deed will be conveyed at closing, free and clear of all liens and back taxes. By bidding, you are agreeing to the terms and conditions of the sale as provided to you within the sample purchase contract.
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.