9714-9716 Lorain Avenue Cleveland Ohio 44102

Mixed-use investment opportunity located in the West Boulevard neighborhood of Cleveland. This 6,046 SF building features two (2) separately demised storefront retail spaces directly on Lorain Ave and four (4) residential units above the storefront retail. The residential unit mix consists of two (2) one-bed/one-bath units and two (2) efficiency units. Three of the four residential units are currently occupied presenting investors with immediate rental income as well as a value-add opportunity to lease out the vacancy and increase existing rents. The property offers off street parking.

A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.

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:

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

2) Submit proof of immediately available funds of at least the minimum bid of $90,000.  (Should include a current date & buyers name) 

3) Complete & electronically sign the Purchase and Sale Agreement (email: [email protected] for a copy)

Send all above items to [email protected] and when received and approved, access to bid will be granted.

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.

Licensed Ohio real estate agents seeking a commission MUST properly registering themselves as the agent through the link on this auction page before their client registers, or places any bids whatsoever – NO EXCEPTIONS.

***** The buyer must place their own bids *****

Key sale points:

• The opening bid is $90,000, with an unpublished reserve.
• 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 21 days of sale conclusion.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.
• 10% Deposit must be wired to a seller approved title company within 24 hours of sale conclusion.
• Seller reserves the right to accept or reject any bid, or cancel the auction, at any time, for any reason, without notice.

Property is being sold by Ohio Licensee Jeffrey Lane (Broker License Number 2018006296)

Prodigy Properties – Ohio Auction Company (License No. 2022000051)