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Real Estate at Public Auction

Receiver's Auction Piqua, Ohio 2 Buildings offered Separately & Together

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COURT ORDERED RECEIVERSHIP

REAL ESTATE AUCTION

Tuesday, July 7th @ 11:30am

(Pre-Inspection: Thursday, July 2nd from 12:00pm to 1:00pm)

sells on-site at:

1715 & 1725 W. High St., Piqua, Ohio 45356

By Order of: Miami County Common Pleas Court

Civil Division Case No. 13-167

Fifth Third Bank v. Tipp City Properties, LLC, et al.,

Tax Appraised @ $306k+

2 Tracts offered Separately and Together

AGGREGATE MINIMUM BID ONLY $50,000

Description: 

Tract 1: 8,656 SF Concrete Block, Brick & Steel Frame Office Building with Flat, Rubber Membrane Roof. Numerous offices, Conference Room, Storage and large open room with up to 10' ceilings.  Situated on 1.715 Acres.  Miami County PID: N44-100300

Tract 2: 2,608 SF Wood Frame Storage Building. Pitched, Shingled Roof .  10 to 16 foot ceiling height with Loft type space open to roof deck.  8x10 Overhead Door, 10x14 Overhead Door.  Situated on 1.175 Acres.  Miami County PID: N44-100500

Total Parking Capacity: 40-Vehicles

Tim Lile, CAI - Auctioneer

timlileauctioneer@gmail.com

937.689.1846

Peter B. Hoshor - Receiver
Gammell, Ross & Hoshor, LLC

Lot Size: 8,656 SF Office Building on 1.715+/- Acres & 2,608 SF Storage/warehouse building on 1.175+/- Acres.

Annual Taxes: $ 7,556.22


Property Map


LEAD AUCTIONEER

Tim Lile
Email Tim

W: 937-689-1846
F: 1(877)772-4217


Basic Terms:

Sells As-Is subject to aggregate minimum bid of $50,000 with no contingencies for financing or inspection.  10% buyer's premium in effect.  NO tax proration - Plaintiff will pay delinquent taxes only.  buyer will be responsible for all current and future taxes.  Buyer pays all closing costs. Receiver's Deed at closing with no liens or encumbrances. 

Deposit and Closing:

Successful bidder(s) will be required to deposit 10% of the final contract price by cash or check with proper ID PAYABLE to M & M Title Company which will be your non-refundable deposit if you are the successful bidder. Close within 20 days of Court Confirmation.  

Realtor Participation:

Realtor Participation: 2% Commission available to Ohio Licensee representing a successful bidder who closes on transaction.  To collect a commission, Realtor's must: 1) Register your bidder no less than 24 hours prior to auction; 2) Accompany your client to the scheduled Inspection; 3) Accompany your client to the auction; 4) Guide buyer to closing. NOTE: If bidding online, you must register your client prior to their registering online.

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