Online-Only Real Estate Auction

4585 Medina Road

Akron, Ohio 44333

Bidding Ends:

Tuesday, December 1^st @ 2:00pm

Commercial Development Opportunity Adjacent to Cleveland Clinic Hospital 

Extensive Engineering and Environmental Documentation Available

Previously Listed @ $399,000 ~ Bid Your Price @ Auction

PROPERTY DESCRIPTION: 

Located along heavily traveled (41,824 VPD) State Route 18 in Summit County, the property was previously evaluated for commercial medical office development. Historical plans identify 2.773⁺/_- acres of net lot area with 475’ of frontage, and B-4 Restricted Business zoning. Subject is adjacent to Cleveland Clinic Akron Hospital in Bath Twp. High visibility on Medina Road (Route 18) with 41,824 VPD. Close proximity to major retail corridor featuring multiple restaurants, stores, medical & lodging. Sale will include blue prints for 3,000 sq foot building that was approved by Summit County. Blue print cost was $24,000 in 2016.

SUMMIT COUNTY PID: 0407314     Annual Taxes: $2,025

INSPECTION: Vacant Land - View Anytime

DUE DILIGENCE: Supporting Documents for all of the following is available upon request with receipt of executed Confidentiality Agreement.

Development Documentation Highlights Include:

• U.S. Army Corps of Engineers: December 2018 provisional authorization for specified wetland and stream impacts associated with a proposed commercial development, subject to mitigation and other requirements.
• Ohio EPA: March 2019 Director's Authorization addressing proposed impacts to approximately 0.46 acre of wetlands and 187.33 linear feet of stream.
• ODOT: Historical commercial driveway permit for access-related improvements along Medina Road (State Route 18).
• Site Plans: Architectural and civil engineering plans for a proposed medical office building, parking, utilities, grading, drainage, and landscaping.
• Additional Development Concept (Two Buildings) Approved by Bath TWP: July 2024 proposed site plan illustrating a building area labeled approximately 20,020 square feet, with associated parking and site improvements.
• Soils and Engineering: Historical subsurface exploration reports, test borings, and engineering recommendations.
• Surveys: Boundary and topographical information available for purchaser review.
• Important Notice: All development plans, studies, and governmental approvals are historical documents provided for informational purposes only. Prior approvals may have expired, may be subject to conditions, or may require renewal, modification, or replacement. No representation is made that the proposed improvements are currently approved, that environmental mitigation obligations have been fulfilled, or that the property is immediately buildable.Prospective bidders are encouraged to review all available documentation and independently verify zoning, wetlands, permitting, utility availability, access, soil conditions, and suitability for their intended use with the appropriate governmental agencies and qualified professionals.

AUCTION TERMS: All bidding will be Online-Only at OhioRealEstateAuctions.com. Property offered subject to Seller Confirmation at the conclusion of bidding. There will be no contingencies available for financing, inspections or otherwise. All due diligence should be completed prior to bidding.10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs. Buyer pays all closing costs. Clean deed at closing with no back taxes or other encumbrances.

DEPOSIT AND CLOSING: Successful bidder will be required to deposit the 10% buyer premium amount by end of business on day after auction end. Close on or before December 31, 2026 through M & M Title Company. 
* ONLINE BIDDING NOTES:  

Bid Increment: $1,000

Max Bid: Place your 'max bid' in the bid box, click the bid button and select whether you want to raise to your maximum or bid the next increment allowing the system to bid on your behalf up to your max bid.  You will be notified by email and or text if your maximum is exceeded by another bidder if you enable texts and emails. 

Bid Extensions: If a bid is placed in the last 3 minutes before the scheduled auction end time, bidding will extend back out to 3 minutes. Bid extensions will continue until a 3-minute period of time elapses after the stated auction end time with no advance in the bidding.
Realtor Participation: Contact Auctioneer for terms & requirements. 

Tim Lile – Auctioneer
(937)689-1846
TimLileAuctioneer@gmail.com
Bid NOW @ www.OhioRealEstateAuctions.com

Disclaimer & Legal Disclosure:  Information contained herein was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.  In all reserve auctions, Seller & Seller’s agent’s are permitted to place bids as provided for in the Ohio Revised Code & the Uniform Commercial Code. This right is negated in the case of an absolute auction. All auctions are considered with reserve unless specifically presented as absolute.