1-877-BID-OHIO (243-6446) 

Specializing in the sale of
Real Estate at Public Auction

Moraine Car Wash or Redevelopment Opportunity

More Information

SOLD!! On 7-3-20 via Buy it Now.

 

Online Bidding Only. Opening bid is $100,000. Buy it now price is $150,000. B2 commercial zoning. Currently a car wash with 4 manual bays, 1 automatic bay, 1 storage bay plus an office. Built in 1986. The office has 4 rooms plus a bathroom, newer furnace and 2 storage rooms with Heavy Duty shelving. Current tax value is $161,130. Lot size is .585 acres with 3 curb cuts and large frontage. 4x8 marquee sign. Located across from Channel 2. Neighbors are a gas station and an ice cream shop. Newer roof. 4 vacuums, 1 auto cashier for the auto wash. 2 air compressors. 1 hot water boiler plus 1 floor boiler. Wifi equipment to run the 8 camera security system. 1 change machine. Could remain a car wash or could be redeveloped to many uses.

Gross and Net profits for the following years are: 

2019: $61,061 Gross, $28,353 Net

2018: $71,344 Gross, $31,375 Net

2017: $73,036 Gross, $29,699 Net

2016: $69,459 Gross, $26,341 Net

2015: $72,764 Gross, $29,233 Net

Lot Size: .585 Acres

Annual Taxes: $ 5,278


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

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


Basic Terms:

Sells with an opening bid of $100,000. Buy it now price is $150,000. 10% down payment is due by wire, bank transfer, or direct deposit into our JPmorgan Chase trust account or by credit card payment with a 4% surcharge. This amount will become your nonrefundable deposit. 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. 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.

Bid increments are $100 up to a bid amount of $100,000 and become $1,000 after $100,000.

When you place a bid, you can either place the minimum required bid or you may place a "Maximum Bid". If you place a maximum bid and hit the submit button, a box will pop up explaining the process and the software will bid for you in the increments stated above. If someone bids within the final 5 minutes of the Auction, the ending of the Auction will be extended by 5 minutes until all bids have been placed.

Deposit and Closing:

Ohio Real Estate Title, Inc. Veronica Brown, (937) 322-7333 Phone Email: vbrown@oret.com

Realtor Participation:

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