Ohio Foreclosures > Auctions > 75 Ontario St, Norwalk, OH 44857

75 Ontario St, Norwalk, OH 44857

  • Current Bid:

    $300,000.00

  •  

Auction ID :
#13626
Reserve :
Reserve price not met.
Location :
Posted On :
3rd of February 2020 at 1:41 PM
Ending On :
3rd of March 2020 at 2:00 PM
Time Left :

341161

Watch List :
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Property Specifications
Year Built 1967
Annual Taxes $50,190 (per auditor)
Lot Size 21.37 acres
Parcel ID 33-0350-02-025-0000, 33-0350-02-026-0000, 33-0350-02-024-0000, 33-0280-06-001-0100, and 33-0280-06-001-0000
Defendant Highway Composites, LLC
File No. N/A
Case No. CVE20170475
Appraisal Amount N/A
City
Square Feet (per auditor) 212,604
Showings & Availability Yes
Description

Court Appointed Receiver Sale.  Online bidding only.  Property will be sold free and clear of all liens and taxes will be pro-rated to day of closing.  Bidding concludes Tuesday, March 3, 2020 at 2pm ET.  Winning bidder must wire $50,000 deposit to Receiver no later than Wednesday, March 4, 2020 by 2pm ET.  Buyer’s Premium equal to 10% of the high bid will be added to the high bid to determine the final sale price.  Closing to take place within 31 days of Court’s approval.  Sold 100% as-is, where-is, with all faults.  Receiver makes no representations or warranties as to condition or details of the property.  Contact [email protected] for property tours.

210,000+ SF warehouse situated on 21+ acres.  Zoned M-1  (manufacturing light) and located in a cascade zone permitting B-1 – B-4 uses.  (See attached zoning detail).  Previous use is believed to be a plastics sorting / recycling business.  Building still contains the plastic inventory.  Great upside potential with a clean out and curing deferred maintenance and vandalism.  Also, possibility of selling off excess land or additional development.

The City of Norwalk is anxious to work with a new owner to assist in making this property productive again.  Possibility exists to change zoning to M-2, manufacturing (heavy).

Potential uses include, but are not limited to:

  • Automobile assembly, food processing and packaging, breweries and liquor distilleries, forge and foundry work, warehousing, trucking terminals, and freight stations.

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.  Winning bidder must wire $50,000 deposit to Receiver no later than Wednesday, March 4, 2020 by 2pm ET.

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 and work orders.
  • Property is sold subject to court approval.
  • 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.
  • 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, absolutely no financing contingencies.
  • Absolutely no inspection contingencies.
  • 10% Buyer’s Premium is added to the high acceptable bid to determine the final sale price.
  • Prior to being approved to place a bid, a credit card number is required to be entered by the bidder.  The credit card number will be ran for a pre-authorization verification in the amount of $10,000.  There will not be a hold placed on the card and it will not show up as a charge / refund.  The credit card will only be charged if the high bidder defaults on the required $50,000 deposit.
  • If requiring any inspection, due diligence, or financing contingencies, please do not bid.

 

M-1 Zoning Detail

Business Zoning Detail

Buildings Summary

Posted Bids
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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.