84 Acres – Peebles, OH – Tract 3 of Multi-Tract Sale

*** THIS IS NOT A FORECLOSURE SALE ***

This sale includes 84.08 acres of land (“Tract 3”).  Tract 3 fronts Mineral Springs Lake.  Mineral Springs Lake is privately owned and Tract 3, offered for sale here, is not entitled to any use or benefits of Mineral Springs Lake.

There are approximately 30 acres of tillable land and a single-family home located within Tract 3.

Tract 3 is being offered subject to seller confirmation.  This means the highest bid placed will be presented to the seller for consideration.  The seller reserves the right to accept or reject the highest bid.  The bidding for this sale concludes on November 12, 2019 at 12:00 PM EST.  The seller will decide to accept or reject the high bid no later than November 19, 2019.

The property offered in this sale is known as Tract 3 of a multi-tract sale of Mineral Springs Lake Resort & Campground.

Tract 1: includes 246.79 acres total, which plays host to an estimated 70 tillable acres, approximately 7 miles of riding trails throughout 200 acres of woods, slate flats, and lake frontage with lake views, but NO LAKE ACCESS. – Opening Bid: $500,000.

Tract 2: includes 245.7 acres total, which encompasses the 104-acre Mineral Spring Lake, ENTIRE LAKE ACCESS AND ALL LAKE AMENITIES, the campground business and all sites, a single-family home, dam access, and all outbuildings and improvements. – Opening Bid: $1,000,000.

Tract 3: (this sale) includes 84.08 acres total, which consists of approximately 30 tillable acres, a single-family home, and lake frontage with lake views, but NO LAKE ACCESS. – Opening Bid: $350,000.

Tract 4: includes everything listed for Tract 1, Tract 2, and Tract 3 put together as one.  These 3 tracts combined, creating Tract 4, are comprised of 573.7 acres total, embodying approximately 100 tillable acres, an estimated 7 miles of riding trails throughout 200 wooded acres, the 104-acre lake with 5.5 miles of immaculate shoreline, all lake amenities and lake access, the campground business and all sites, two single-family homes, and all outbuildings and improvements.  Unlike the sales on Tract 1, Tract 2, and Tract 3, which are subject to seller confirmation, the sale of Tract 4 is being sold with an unpublished reserve price.  If the reserve price is met, or exceeded, Tract 4 will be sold to the high bidder. – Opening Bid: $1,800,000.

Sale Requirements:

To tour Tract 3 and receive confidential property condition and financial reports available within the Document Vault, prospective bidders must submit:

1. Completed bidder registration form
2. Executed confidentiality agreement
3. Proof of $350,000 in immediately available funds

To be granted bidding privileges prospective bidders must submit:

1. Executed purchase agreement (available in the Document Vault)
2. $25,000.00 participation deposit to the title company

*Buyer Premium equal to 10% of the high bid, paid by the buyer, and added to the high bid to determine the final sale price in effect*

CLICK HERE FOR: OFFERING MEMORANDUM

CLICK HERE FOR: CONFIDENTIALITY AGREEMENT

*** Documents may be submitted to [email protected] ***