More Information
Bidding starts @ $25,000. This circa 1960 property has been donated to Hillsdale College and must be liquidated. Previously CAFE 40 and Midway before that. High visibility on busy US-40. Easy ingress-egress. Approx. 13 parking spots. The exterior had a brick face-lift and has a ramp or steps to enter the front door. This was a fully equipped restaurant with dining area, kitchen, bathrooms and a full basement for storage. 1,600 main level SF plus full basement. Preble Co. tax appraisal is $65,900. Estimated 138' of frontage. Re-open it as a restaurant or redevelop the property. Call or text the Auctioneer for easy access. 937-581-3037.
Lot Size: .7 Acres
Annual Taxes: $ 1,407
Property Map
LEAD AUCTIONEER
Barry Baker
DIRECTIONS:
I-70 to North on OH-503 to Left on US-40 which is W. Cumberland St.
Basic Terms:
Sells with an opening bid of $25,000. $10,000 down by direct deposit into our JPmorgan Chase trust account or by credit card payment with a 3% surcharge, which will become your non refundable 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 for most Auctions will be $100.
When you place a bid, you can place a "Max Bid" and the computer 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:
Closing will take place with Patriot Title in Lewisburg.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.