More Information
ONLINE ONLY REAL ESTATE AUCTION
Bidding starts at $300,000
AUCTION DATE : Thursday October 10th @ 12pm
PROPERTY ADDRESS: 850, 884, 886 Canton Rd Akron OH 44312
Summit County Parcel ID: 5102263, 6822033, 5105761, 5100970, 5105760, 6726030
Annual Property Taxes: $10,665.66
Description
This is an EXCELLENT opportunity to purchase multiple commercial property types in a premium location with VALUE ADD. This Purchase includes three buildings.
886 S Canton Rd - Building 1 is a small cafe/kitchen/restaurant. Ready for immediate rent. Akron Water and Sewer. Gas and water heating. New roof 2023. Has a window that could be used for a drive thru. Signage available on the building and free standing. No A/C Condenser, equipment not included.
884 S Canton Rd -Building 2 is a mixed-use retail building on upper level. This was previously used as a small office space. Ready to rent. 2 Bathrooms. You could make 2 separate rentals out of it. Gas furnace and water heating. roof is approx 15 yrs old.
The, separate, lower level apartment has 2 Bedroom and 1 Bathroom. Appliances included in sale. Large pantry. Gas furnace and water heating. Roof is approx 15 yrs old. It will need updated. No A/C Condenser. There is an additional room connected to the apartment that could be used as another rental opportunity. (previous use was a music studio)
850 S Canton Rd - Building 3 is a Multi-unit retail space for 2-3 tenants. South side has new carpeting, approx. 1 yr. Gas and Electric are 3 separate meters. Separate sewer. There is additional Vacant land for further development. Gas furnace and water heating. This building is missing 2 of 3 A/C Condensers.
Over 17,000 Vehicles Per Day drive on Canton Road.
Property will be sold completely vacant.
Updated Photos to come.
Lot Size: 0.8281 Acres
Annual Taxes: $ 10,666
Property Map
Basic Terms:
Sells subject to the opening bid of $300,000. 10% will become your non refundable deposit due by 5pm immediately following the Auction. Deposit instructions will be sent to winning bidder. 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. Clean and insurable title will be given at closing with no liens or back taxes.
Deposit and Closing:
Closing is within 30 days using Ohio Real Estate Title Inc. Veronica Riggs, vriggs@oret.com 937-322-7333
Realtor Participation:
Realtor showings and cooperation are encouraged.For full compensation instructions, see & compelte Realtor Registration form attachment. Please call Auctioneer to schedule all showings.