1-877-BID-OHIO (243-6446) 

Specializing in the sale of
Real Estate at Public Auction

Absolute Auction of Previous Key Bank Branch plus Vacant Lot

More Information

1,776 sf freestanding building on .9183 acres + vacant .824 acre lot. The site has all the essentials for an excellent bank, retail, or office location. Highly traveled thoroughfare with 2 curb cuts on Shiloh Springs and 1 on Olive Rd.. Pylon signage available on corner by traffic light. Key Bank ATM on property with lease in effect. ATM lease is for $9,000 per year paid monthly. Key bank will install a new central air unit prior to the end of their land lease on the building. (prior to 11-30-14)

UPDATED TAX INFO.....

The new tentative evaluations from Montgomery Co :  for bank property 
!00% value   formerly  196,530  new 94,530
35% value    formerly  68,790  new  33,090

lot next door:  
100% value formerly 22,130 new 3950
35% value formerly 7750  new  1382
These are for 2014 ,taxes, this of course is a large reduction  !

Lot Size: .824 Acres for vacant parcel and .9183 for the bank parcel.

Annual Taxes: $ 8,197 for both parcels however they are scheduled for a large reduction. The new tentative evaluations from Montgomery Co : for bank property !00% value formerly 196,530 new 94,530 35% value formerly 68,790 new 33,090 lot next door: 100% value formerly 22,130 new 3950 35% value formerly 7750 new 1382 These are for 2014 ,taxes, this of course is a large reduction.


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


DIRECTIONS:

From I-70 go South on Oh-49 to Right on Shiloh Springs.

From Dayton take Oh-35 West then continue onto Oh-49 to Left on Shiloh Springs Road.


Basic Terms:

Sells Regardless of Price to the Highest bidder with no minimums or reserves. 20% 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. Seller will retain all remaining land lease payments from Key Bank to end Nov. 30 2014. All future ATM lease paymets will go to the new buyer. Key Bank will have sole control of the building until Dec. 1, 2014

Deposit and Closing:

Closing to take place within 30 days of Auction.

Realtor Participation:

Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings. This property is being sold in conjunction with Kelly Gray of Equity.

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