Ohio Foreclosures > Auctions > 4750 Ashwood Drive, Cincinnati, Ohio 45241

4750 Ashwood Drive, Cincinnati, Ohio 45241

  • Current Bid:

    $1,200,000.00

  •  

Auction ID :
#34008
Reserve :
Reserve price not met.
Location :
Posted On :
9th of June 2021 at 10:54 AM ET
Ending On :
8th of July 2021 at 2:00 PM ET
Time Left :

1909511

Watch List :
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Property Specifications
Year Built 1986
Annual Taxes Of Record
Lot Size 1.328 acres (per auditor)
Parcel ID 612-0170-0303-00
Defendant Moran Road Realty, LLC, et al.
File No. Receivership
Case No. A2002877
Appraisal Amount N/A
City Cincinnati
Square Feet (per auditor) 18,827
Showings & Availability Yes
Description

Court-Appointed Receiver sale.  Online bidding only.  Prodigy Properties is pleased to present for sale this investment opportunity located in Blue Ash, a densely populated inner suburb of Cincinnati, Ohio.  The subject property is situated on 1.328 acres and features an impressively renovated and well maintained Class B office building.  The office building is three stories and is nearly 19,000 SF.   The property is well positioned for investors and owner users alike.  Current leases are month-to-month giving an owner user buyer the ability to occupy the property.  Investors will realize upside potential in filling vacant space and executing new leases.  The subject property is in a desirable location, as it’s surrounded by other commercial & office buildings within a very high-traffic area.  Proximity to major highways I-275, I-75, I-71, Ronald Reagan Highway, and Reed Hartman Highway as well.  Abundance of amenities nearby including several hotels, restaurants, breweries, banks, airports, professional sports venues, and other local attractions such as, Kings Island, Hard Rock Casino Cincinnati, Cincinnati Zoo & Botanical Garden, and the Cincinnati Museum Center.

 

Click Here for Aerial 360 View & Virtual Tour

 

To tour the property and receive any due diligence information, prospective bidders must:

  • Submit an executed Confidentiality Agreement

Furthermore, to be granted bidding access, a prospective bidder must, in addition to the above:

  • Complete and submit a Prospective Bidder Questionnaire
  • Complete and submit a Purchase and Sale Agreement, leaving only the purchase price terms blank
  • Submit proof of immediately available funds of at least the minimum bid amount of $1,200,000
  • Wire a $25,000 participation deposit to the escrow account of the Receiver
  • Have otherwise met all other reasonable requirements of the Receiver

 

Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.  High successful bidder must wire transfer a deposit of 10% of the final purchase price by 5pm EST on the next business day after the auction conclusion (Friday, July 9, 2021).

 

Key sale points:

  • Property is sold 100% AS-IS, WHERE-IS, with all faults.
  • Property is sold subject to all code violations, to the extent any exist.
  • Property is sold subject to court approval.
  • All bids are subject to Receiver’s confirmation.
  • Receiver 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 Receiver’s ability to convey insurable title.
  • Property will be sold free and clear of all liens.
  • Property taxes will be pro-rated to the day of closing.
  • Cash only sale.  Winning bidder may obtain financing, however a financing contingency will not be permitted.
  • Interested parties may view the property, however inspection contingencies will not be permitted.
  • 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
  • Deposit of 10% of the final purchase price must be wired to Receiver’s title company by 4pm ET on the next business day after the auction conclusion (Friday, July 9, 2021).
  • The terms of the sale are fully set forth in the Receiver’s Purchase and Sale Agreement and are non-negotiable.

Posted Bids
No bids placed yet.
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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.