Ohio Foreclosures > Auctions > 902 N Cable Rd, Lima, OH 45805

902 N Cable Rd, Lima, OH 45805

  • Current Bid:

    $1,500,000.00

  •  

Auction ID :
#11636
Location :
Posted On :
25th of November 2019 at 2:27 PM
Ending On :
11th of December 2019 at 1:00 PM
Time Left :

420487

Watch List :
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Property Specifications
Year Built 1965
Annual Taxes OF RECORD
Lot Size 2.44
Parcel ID 36-26-07-02-005.000
Defendant Clyde Evans Land Co Inc.
File No. N/A
Case No. CV 2018 0344
Appraisal Amount N/A
City
Square Feet (per auditor) 36,947
Showings & Availability Yes
Description

Online only auction by Court Appointed Receiver.  $1,500,000 minimum bid.  Bidders must be qualified and wire $25,000 participation deposit to receive bidding privileges.  Auction starts December 3 at 9am ET and ends December 11 at 1pm ET.  Earnest money deposit equal to 10% of high bid due by 5pm ET December 12.  10% Buyer’s Premium added to high bid to determine final sale price.  High bid over $1,500,000 buys the property.  Closing shall take place no later than 14 calendar days after all contingencies in the Agreement are satisfied.

100% Occupied neighborhood shopping center situated at signalized corner on busy retail corridor.  Frontage and entrances on three streets.  Utilities, including water, separately metered and paid by tenants.  Upside exists by curing deferred maintenance, rent increases and renewing / extending leases.  Additional double-sided billboard income.

Licensed Ohio real estate agents seeking a commission MUST register client through the link in the upper right hand corner of this page and meet the associated requirements, NO EXCEPTIONS.

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 acceptable bidder must wire transfer 10% of the high bid by 5pm ET December 12.

The high bidder will be required to execute the attached receiver’s contract, which is subject to change by the receiver.

  • Property is sold 100% AS-IS, WHERE-IS, with all faults.
  • Property is sold subject to court approval.
  • High bid will be presented to Receiver for approval.
  • 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 sale only, 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.
  • 10% of the high bid must be wired to Receiver’s title company by 5pm ET December 12.

Sale Requirements:

Prospective bidders must submit:

  1. Completed Bidder Registration form
  2. Completed Confidentiality Agreement

To be granted bidding privileges prospective bidders must submit:

  1. $25,000.00 participation deposit to the title company
  2. Proof of $1,500,000 in immediately available funds
  3. Completed Purchase and Sale Agreement

Posted Bids
No bids placed yet.
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.