More Information
Online-Only Real Estate Auction
6500-6556 N. Union Road, Clayton, Ohio 45315
RESERVE NOT MET IN FIRST AUCTION
Bidding NOW Ends:
Tuesday, July 11th @ 3:30pm
Buy-Now $1,200,000
PROPERTY DESCRIPTION: 19,408+/- SF, INCOME-PRODUCING Retail Strip Center built in 1994 on 4.634+/- acres. 93% occupied by 5 stable, long-term tenants generating $150K+/- annual rental income. 2,100+/- SF unit currently vacant. Strategically located with ingress/egress from N. Union Rd & Salem Ave., minutes from Dayton International Airport & Downtown Dayton. See APEX Detail in documents section for additional property information.
MONTGOMERY COUNTY PID: M60 19101 0002
Annual Taxes & Assessments: $26,000+/-
INSPECTION: Saturday July 8th ~ 11am to 1pm
FINANCIALS: Available upon request and execution of Non-Disclosure Agreement which can be downloaded from the Documents Section of this listing.
TERMS: 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 on auction day. 10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs. Rents prorated and security deposits transfer at closing.
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 July 28, 2023 through M & M Title Company.
BUY NOW TERMS: Sale shall be subject to all terms of auction as outlined above at the Buy-Now Bid price of $1,200,000. Pre-auction contract must be completed with required deposit in place no less than 48 hours prior to auction end time.
* ONLINE BIDDING NOTES:
Bid Increment: $1,000 up to $500,000 & $5,000 thereafter.
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: Contact Auctioneer for terms & requirements.
Tim Lile – Auctioneer
(937)689-1846
TimLileAuctioneer@gmail.com
Selling in cooperation with APEX Commercial Group
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.
Property Map
Basic Terms:
TERMS: 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 on auction day. 10% Buyer's Premium will be added to winning bid to establish final contract selling price. Short tax proration. Buyer pays all closing costs. Rents prorated and security deposits transfer at closing.
BUY NOW TERMS: Sale shall be subject to all terms of auction as outlined above at the Buy-Now Bid price of $1,200,000. Pre-auction contract must be completed with required deposit in place no less than 48 hours prior to auction end time.
* ONLINE BIDDING NOTES:
Bid Increment: $1,000 up to $500,000 & $5,000 thereafter.
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.
Deposit and Closing:
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 August 22, 2023 through M & M Title Company.
Realtor Participation:
See Realtor Registration Form in documents section of this listing for details and requirements.