Online-Only Real Estate Auction
5229 Madison Road
Cincinnati, Ohio 45227
NOTE: Due to contractual obligations in a prior listing aggreement, this auction has been postponed.
Bidding NOW Ends:
Tuesday, October 10th @ 2:30pm
PROPERTY DESCRIPTION: 2,316+/- SF, Commercial Retail Building with Drive-through built in 1993 over a full basement and completely renovated in 2021 on .418+/- acre lot. Location is on a visibly, unparalleled corner with innumerable possible uses.
* ONLINE BIDDING NOTES:
Max Bid: When you place a bid, you can place a "Max Bid" and the automated bidding software will bid for you in the required increment up to your maximum. You will be notified by email if your maximum is out-bid by another bidder.
Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend for an additional 5 minutes. Bid extensions will continue until a 5 minute period of time elapses after the stated auction end time with no advance in the bidding.
Realtor Participation: See Realtor Registration Form in documents section of this listing.
* ONLINE BIDDING NOTES:Bid Increments: $1,000 up to $500,000 and $5,000 thereafter.
*FF&E Selling in Separate Online Auction ending 10/11/23
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.
Lot Size: 2,316+/- SF on .418+/- acre lot
Annual Taxes: $ 18,527
All bidding will be Online-Only at OhioRealEstateAuctions.com. Property sells As-Is with no contingencies for financing, inspections or otherwise subject to seller confirmation at the conclusion of 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.
Deposit and Closing:
Successful bidder will be required to deposit 10% of the total contract price by end of business on day after auction end. Close on or before November 24, 2023 through M & M Title Company.
See Realtor Registration Form in documents section of this listing for terms and requirements.