Lot# 1, commonly known as907 Wheel St.is a 1.44 acre lot with a 43,076 square ft., dry masonry building that features 2500 square feet of office space. This building has concrete floors, 14’ ceilings, several 12’ overhead doors and has a mostly in-tact sprinkler system. The building has lots of sodium vapor light fixtures but will need to have new wiring installed to operate electric systems. The zoning is M-1. The building was most recently used as a storage facility for boats, classic cars, campers and motor homes and prior to that it was home to United Fiberglass Company. Tax appraised at $315,000.00 but sells absolute to the highest bidder with NO MINIMUM and NO RESERVE. This building will sell first on auction day.
Lot#2 Consists of two side-by-side parcels, commonly known as2251 Larch Stand0 Larch St. These two lots have served as parking for907 Wheel St.and comprise a total of .62 acres of vacant land, and are across the street from the building at907 Wheel St. The total tax appraised value for both lots is $29,950 but they sell absolute subject to NO MINIMUM and NO RESERVE. These lots will sell immediately following the conclusion of the auction of the building at907 Wheel St.
Lot Size: 2 Acres in both properties
Annual Taxes: $ 8,796.00
LEAD AUCTIONEERRon Denney
N. Belmont to east on Columbus Ave to north on Wheel St.
In order to register to bid on 907 Wheel St. you must bring a CASHIER'S CHECK MADE PAYABLE to Ohio Real Estate Title in the amount of $20,000 which will be your non-refundable deposit if you are the high bidder. In order to register to bid on the Larch St. lots, you must bring a CASHIER'S CHECK MADE PAYABLE to Ohio Real Estate Title in the amount of $5,000 which will be your non-refundable deposit if you are the high bidder. IF YOU WANT TO BID ON THE LOTS AND THE BUILDINGS, YOU NEED BOTH CHECKS. Checks will be immediately returned to all non-winning bidders. Close on or before June 21, 2013Sells Regardless of Price to the Highest bidder with no minimums or reserves.
Deposit and Closing:
Buyers will close with Ohio Real Estate Title on or before June 21, 2013
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.