ForeclosureAuctions.com & OhioForeclosures.com > Auctions > 1611 Vandalia Ave, Cincinnati, OH 45223 – *** Sealed-Bid Sale ***

1611 Vandalia Ave, Cincinnati, OH 45223 – *** Sealed-Bid Sale ***

Auction ID :
#15147
Reserve :
Reserve price not met.
Location :
Posted On :
4th of March 2020 at 1:03 PM ET
Ending On :
31st of March 2020 at 11:59 PM ET
Watch List :
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Property Specifications
Year Built Of Record
Annual Taxes $713.00 (per auditor)
Lot Size 0.182 acres
Parcel ID 221-0013-0031-00
Defendant Adco Realty Inc
File No. N/A
Case No. A1805680
Appraisal Amount N/A
City Cincinnati
Square Feet (per auditor) 7,928
Showings & Availability Yes
Description

***** OFFERED BY COURT APPOINTED RECEIVER *****

***** SEALED BID SALE *****

 

Redevelopment Opportunity in One of Cincinnati’s Hottest Neighborhoods

 

Court-Appointed Receiver sealed bid sale.  0.182-acre commercial lot in the heart of North Side.  Located directly off the heavily-traveled Blue Rock St.  Completely surrounded by new development and the thriving North Side business district.  Don’t miss out on this unparalleled opportunity in a flourishing area.

Great location with easy access to major highways US-127, I-74, and I-75.  The property is currently zoned ML (Manufacturing Limited).  ML zoning permits many different uses and zoning change could be a possibility as well.  Please see attachment for more details.  A cell phone tower is also on site.  Lease details unknown.

While the receiver sale is free and clear of all liens and encumbrances, the purchaser may wish to assume the lease or can request to purchase the property unencumbered.

The property is sold 100% as-is, where-is, with all faults.  Submit offers in the form of an LOI to [email protected] no later than Tuessday, March 31, 2020.  Offers will be reviewed and considered as they are received, and Receiver may accept an offer prior to the scheduled bid deadline.  Receiver may accept, reject, or counter any offer, at any time, for any reason, in its sole discretion, without notice.  Weight consideration given for offers with little to no contingencies / due diligence periods.  Submit your highest and best offer now.

Information contained in ANY advertisement for this property is thought to be accurate, but is not guaranteed or warranted and should not be relied upon.  BY SUBMITTING AN OFFER ON THIS PROPERTY, THE POTENTIAL BUYER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO SUBMIT AN OFFER BASED UPON THEIR OWN INVESTIGATION.

Key sale points to know:
• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to any / all code violations.
• Property is sold subject to court approval.
• All offers will be considered by Receiver.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to bidding conclusion, for any reason, without notice, in its sole discretion.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.

 

Zoning Detail

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Map Location

In order to bid on this property you must pre-authorize a deposit of $ on your credit card. NO hold will be placed on your credit card and your credit card will NOT be charged, UNLESS you are the high bidder and do not pay the required deposit within 24 hours of the advertised auction end. A $200 administrative fee will be added to any deposit that is charged to a credit card.