ForeclosureAuctions.com & OhioForeclosures.com > Auctions > 6661-6663 Salem Rd. Cincinnati, OH 45230

6661-6663 Salem Rd. Cincinnati, OH 45230

Auction closed for price: $150,099.00
Auction ID :
#52114
Reserve :
Reserve price met.
Location :
Posted On :
2nd of January 2024 at 1:40 PM ET
Ending On :
1st of February 2024 at 2:00 PM ET
Watch List :
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Property Specifications
Year Built 1950
Annual Taxes Of Record
Lot Size 0.321
Parcel ID 500-0343-0010-00 & 500-0343-0011-00
Defendant
File No.
Case No.
Appraisal Amount
City Cincinnati
Square Feet (per auditor) 1,504
Showings & Availability Yes
Description

Great owner occupant or investment opportunity in Anderson Township! The commercial building was recently operated as a restaurant/café.  Located just 5 minutes to I-275 and features 1,504 SF, situated on 2 parcels, totaling .321 acres.  Zoned “E” permitting a wide range of uses and flexibility for buyers. The building has had some recent updating, appearing to have a newer roof, updated electric, newer mechanics and restroom.  Don’t miss out on this one!  Online bidding only.  Auction ends on February 1, 2024 @ 2:00PM.

 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.  Please contact Kurt at [email protected] to schedule a showing, or if you have representation, contact your agent to schedule a showing.  

In order to be granted bidding privileges, prospective buyers must submit the following:

1) Create an account on www.ForeclosureAuctions.com.  Click the “register” button and follow the prompts. 

2) Execute the Purchase and Sale Agreement   Purchase & Sale Agreement – 6661-6663 Salem Rd

3) Wire a $5,000 participation deposit. Email [email protected] for wire instructions. (Deposit returned if you do not win)

4) Submit proof of immediately available funds of at least the minimum bid of $130,000.  (Should include a current date & buyers name)

Send all required items to [email protected]. 1. Prospective Bidders username & associated email for ForeclosureAuctions.com.  2. Executed Purchase & Sale Agreement. 3. Wire Receipt for $5000 participation deposit.  4.  Current proof of funds letter. 

Prospective bidders will be required to execute the attached Agreement For Purchase and Sale and Escrow Instructions in its current form.

Information contained in any advertisement for this property is not guaranteed and should not be relied upon.  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 $130,000.
  • 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.
  • 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 taxes will be prorated and paid off to the day of closing.
  • Absolutely no financing contingencies.
  • Absolutely no inspection contingencies.
  • 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
  • Closing must take place within 14 days of the effective date of the PSA
  • The terms of the sale are fully set forth in the Agreement and are not negotiable
  • Seller reserves the right to accept or reject any bid, or cancel the auction, at any time, for any reason, without notice. 
  • $5000 Participation Deposit will be returned to any buyer that does not win the auction. 

Posted Bids
BidderBid AmountDate MadeWinner
ad****************m$150,099.0001-Feb-2024 13:35:04Yes
Be**********7$149,999.0001-Feb-2024 13:35:03 
Be**********7$138,600.0001-Feb-2024 11:57:27 
ad****************m$138,500.0001-Feb-2024 11:57:26 
Be**********7$138,100.0001-Feb-2024 11:49:44 
ad****************m$138,000.0001-Feb-2024 11:49:43 
Be**********7$130,000.0031-Jan-2024 16:16:31 
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.