More Information
4 story 28,950 SF commercial building sitting on a zero lot line .1612 acre lot. This is the historic Journal Herald building. Currently used as a 3 story night club known as Hammerjax which historically does different venues on Friday and Saturday nights. Different promoters lease out the club on a daily basis. All furniture fixtures and equipment shall transfer with the real estate. The D5 liquor license will also transfer for an additional cost of $20,000. License is currently valid till June 2013. There are numerous bars and dance floors within the building. There is a full basement with plenty of room for storage there and on the 4th floor. Montgomery county tax appraisal is $172,490 and taxes are $9,474 per year. The business LLC will also transfer with the real estate, AKA Hammerjax LLC. Last purchase price in 2004 was $227,000. Sells to the highest bidder regardless of price!
Lot Size: 28,950 SF sitting on .1612 Acre lot.
Annual Taxes: $ 9,474
Property Map
LEAD AUCTIONEER
Barry Baker
DIRECTIONS:
From State Route 35 in Dayton take the Jefferson St. Exit. Go North on Jefferson to Rt. on 4th. From I-75 go South on Main to left on 4th.
Basic Terms:
Sells Regardless of Price to the Highest bidder with no minimums or reserves. In order to bid you must bring a cashier's check made payable to "Home Site Title Agency" in the amount of $20,000 which will become your non refundable deposit if you are the high 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. General warranty deed given at closing with no liens or back taxes.
Deposit and Closing:
Within 30 days. Closing will take place with Home Site Title Agency.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.