***Owner Filed Bankruptcy/Sale Cancelled*** 521 Wayne Ave., Dayton, OH 45410

FOR SALE BY COURT APPOINTED RECEIVER

VALUE-ADD INVESTMENT OPPORTUNITY

Online bidding only. Auction ends Thursday, February 2nd @2PM

Court Appointed Receiver, Prodigy Properties, presents the opportunity to acquire 521 Wayne Avenue, a mixed-use commercial property located in Dayton, Ohio.  The property is located within Dayton’s popular Oregon District and is within the Oregon District’s DORA (Designated Outdoor Refreshment Area) boundary.  The property is located less than one mile from the University of Dayton Campus and Miami Valley Hospital and under 2 miles to I-75.  According to public record the property was built in 1938 and features 10,968 SF.  Situated on 4 parcels and totaling 0.455 acres, the property has surface parking for 10 cars and additional on-street parking. 

The property was formally used as a bar/restaurant concept and currently has one tenant, a hair salon, occupying approximately 1,500 SF.  In addition, there is a second floor that can be converted to apartment units or offices to increase the income at the property.

Property will be sold 100% AS-IS, free and clear of all liens, with property taxes prorated and paid off to the day of closing.  Seller may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice.  No representations, warranties, or guarantees.  A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

Do not trespass.  Property is available for showings – APPOINTMENT REQUIRED.  To view property / financial reports and additional information, prospective buyers / agents must:

– Complete and submit a Confidentiality Agreement – 521 Wayne Ave (“View Here“)

– Provide proof of immediately available funds of at least the minimum bid of $200,000

– Send executed confidentiality agreement and current proof of funds to [email protected] with date and time of showing request 

To be approved to bid, prospective bidders must submit the following:

– Create an account on www.ohioforeclosures.com

– Complete and submit a Confidentiality Agreement – 521 Wayne Ave (“View Here”)

– Complete and submit a Purchase and Sale Agreement – 521 Wayne Ave  (“View Here“)

– Provide proof of immediately available funds of at least the minimum bid of $200,000

– Have otherwise met all other reasonable requirements of the Receiver

–  To have bidding privileges unlocked, please email the following to [email protected]: 1) executed Confidentiality Agreement 2) executed Purchase & Sale Agreement 3) a current Proof of Funds letter 4) prospective bidder’s username and email

Licensed Ohio real estate agents seeking a commission MUST meet the associated requirements by properly registering themselves as the agent through the link within each individual auction their client will be bidding on before their client places any bids whatsoever – NO EXCEPTIONS.  The rest will be up to the buyer, as they will have to successfully register themselves as an individual or company, pre-authorize their card within each individual auction they will be bidding on, and place their bid(s) on their own.

***** The agent does not place bids on behalf of the buyer *****

Photos, marketing comments, and due diligence items are provided for guidance purposes only.  All information provided is believed to be true, but cannot be guaranteed.  It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Key sale points:

• The opening bid is $200,000 with an unpublished reserve.
• Property is sold 100% AS-IS, WHERE-IS, with all faults, to the extent any exist.
• Property is sold subject to any / all code violations, to the extent any exist.
• Property is sold subject to court approval.
• Seller reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Seller’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be prorated and paid off to the day of closing.
• Absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• Tenant’s personal property is not included in the sale.
• Personal property remaining at the property may be subject to prior liens and claims.
• 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• 10% earnest money deposit must be immediately wired to the Receiver’s title company and received by 5pm 2/3/23. 
• The terms of the sale are fully set forth in the Purchase and Sale Agreement and are not negotiable