$150,000. Minimum Bid Auction. (Online Bidding Only) This Fully Furnished Pizza Restaurant Buisness, All Food Preparation Equipment sells "as is" with no warranty written or implied by the Seller, the Broker or the Auctioneer. Location, Location, Location! This fully furnished 1,150 sq ft Pizza Restaurant and the Income Producing Advertising Billboards are located very close to all of the Commercial Businesses and Residential Homes in the Morse Road Area and Easton Area of North East Columbus. This Pizza Restaurant and the Income Producing Advertising Billboards also have very high Northbound and Southbound traffic visibility 24/7/365 days a year being located near the corner of Cooke Road and Cleveland Ave. The current Advertising Billboard Lease pays the Real Estate Owner $3200 annually in February, expires and can be renegotiated in 2021. Similar Advertising Billboard Leases in this area should be $500+ per month income. There is a large front & side concrete parking lot area, possibly a new drive thru window area, inside dining area, everything that you need to open and run a successful dine in, carry out and delivery Pizza Restaurant. Possession of the Real Estate, keys to the building, proration of the $3200 Annual Billboard Lease, along with free and clear good marketable title and a good deed will be given to the Buyer on the date of closing with no liens or back taxes. Bid with Confidence.
Lot Size: .1978 Acres
Annual Taxes: $ 2,509
LEAD AUCTIONEERKeith Orr
The Corner of Cooke Road and Cleveland Ave
The Real Estate Sells "is is" with no warranty written or implied by the Seller, the Broker or the Auctioneer. There are no Buyer contingencies for financing or inspections. The Buyer MUST complete all inspections and due diligence BEFORE bidding to purchase this Real Estate. A 10% Buyer's Premium applies and will be added to the successful Highest Auction Bid to obtain the Total Contract Selling Price. The Buyer must provide a good faith down payment equal to 10% of the Successful Highest Auction Bid in the form of a bank certified cashiers check or a direct Bank Certified Funds wire transfer made payable to Ohio Real Estate Auctions at the close of this Online Commercial Real Estate Auction. The Buyers good faith 10% down payment is non refundable if the Buyer fails to settle in full and close their transaction for any reason within 30 days with our closing agent Amerititle Downtown, 150 East Main Street, Columbus, Ohio 43215. The Buyer pays all of the closing costs involved in this transaction. Possession amd keys to the Real Estate along with the proration transfer of the current advertising billboard lease, free and clear good marketable title and a good deed will given to the Buyer at closing with no liens or back taxes. Bid with Confidence.
Deposit and Closing:
The Buyer must settle in full and close this transaction within 30 days with our closing agent Amerititle Downtown, 150 East Main Street, Columbus, Ohio 43215.
Realtor cooperation is encouraged. For full compensation instructions, see, complete, sign and deliver to Keith Orr, Auctioneer the Realtor Buyer Broker Registration Form that is available on the home page of OhioRealEstateAuctions.com PRIOR to your client contacting Ohio Real Estate Auctions LLC or Bidding to purchase this Real Estate Online. Please call Keith Orr, Auctioneer 614-565-1566 for details and to answer all of your questions.