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ONLINE ONLY REAL ESTATE AUCTION AUCTION DATE : Monday May 8th, 2023 @ Noon PROPERTY ADDRESS: 6432 N Ridge Road Madison OH 44057 Lake County Parcel IDs: 01B1100000210, 01B1100000220, 01B1100000230 Description This property features a Res/Bus building 2,580 sqft 3 Bed 1 Bath 1 Car garage. 3 adjoining parcels totaling 7.63 acres. Prime commercial location right on state route 20. Plenty of frontage with public water and sewer. There currently is a tenant business occupying the brick house that sits on the west side of this property. An average of 15,000+ motorists drive that stretch of road in a given day. Full utility available. "B-2/Highway Business" zoning for general retail or professional use plus food market, food/liquor/beverage establishments, gas station, automotive services, recreation, nursing home, hospitalization and community center. Site is large enough to accommodate a single big box tenant or multiple tenants with mixed use. Auction Terms: Property sells subject to a minimum bid of $225,000. A 10% deposit is to be collected from the winning bidder at the conclusion of the auction by direct deposit into our JPmorgan Chase trust account if purchased online. Contract signature and deposit must be made by 5 PM the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. Administrator’s deed given at closing with no liens or back taxes. Auctioneer: Barry Baker, CAI, CCIM, AARE Barry@OhioRealEstateAuctions.com Broker: Ohio Real Estate Auctions, LLC Disclaimer: Information contained herein and in the Property Information Packet 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.
Annual Property Taxes: $ 8,675.00
Lot Size: Combined 7.63 Acres
Annual Taxes: $ 8675
Property Map
Basic Terms:
Sells subject to a minimum bid of $225,000. 10% down by cash or check which will become your non refundable deposit. 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. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Deposit and Closing:
Closing must be within 30 days with Nova Title Agency
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please text to schedule all showings. 614-285-7273