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Specializing in the sale of
Real Estate at Public Auction

Sunbury Commercial Property on the Square

More Information

 

Prime Sunbury commercial spot on the town square. Older duplex home plus retail garage. Rehab or redevelopment. Being sold to settle the Estate of Marion "Gene" Sparks. Delaware Co. Probate Case # 2006-0716 PES. Only Bidding Only.

The duplex needs a remodel but could be a great income producer plus the rental potential from the garage is great. Previously a gas station and service station. Closed for over 20 years.  Cash only closing! No financing allowed! In 1999 when the tanks were removed, the Bureau of Underground Storage Tank Regulations (BUSTR) determined there was a noticeable release at the site. The deceased owner was not financially capable of completing a site remediation and thus there remains an open file with the bureau. Please consult an attorney for any legal questions you may have prior to bidding.

See attached buyer docs. The successful buyer will sign an Environmental Addendum Assumption of liability, waiver and release. 

Lot Size: .217 Acres

Annual Taxes: $ 3,170


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

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


Basic Terms:

Sells with reserve. CASH ONLY CLOSING. NO FINANCING ALLOWED. 10% down payment is due by wire, bank transfer, or direct deposit into our JPmorgan Chase trust account. 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. Fiduciary deed given at closing with no liens or back taxes.

Closing will take place with Nova Title Agency.

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:

Nova Title Agency, 440-600-5550, smannarino@novatitleagency.com

Realtor Participation:

Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.

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