Sold for $105,000.
Loft style apartments and restaurant are possibilities.
Auction Date: Tuesday Aug 30 @ Noon on Site on the 3rd floor in the Church Sanctuary.
Viewing Dates: Tuesday Aug 23 from Noon-1pm and 1 hour prior to Auction. Private viewings also available with your Realtor however the public viewing time is encouraged.
Directions: From I-71 and SR 68 go South on 68 into Wilmington. 68 becomes South Street. Building will be on your left. Click Here for Google Map.
Tenant and Income info: Real Estate Brokerage,Insurance,Counseling,and a Church. Gross income in 2010 was Aprox. $38,000. See Website attachment for Income and Expenses.
Building Info: Clinton Co. PID#2900110061. Built in 1889. 6,480 SF per level. 19,440 SF plus full basement. Approved elevator. 3 stories. Brick exterior. 2nd story spiral stairs. 3rd floor was totally remodeled and improved for use as a church. Access from stairs or elevator. 2nd floor was most recently a restaurant/bar and could be used for a similar use or redevelopment. The first floor has 4 separate units which are currently used for Real Estate Brokerage, Insurance, Counseling and a small church. 5 electric meters, 3 gas meters, 1 water meter. Located on busy SR 68. Huge redevelopment opportunity. Would be great for owner occupant or straight investment.
Parking lot: 2 separate parcels. PID#2900109329 and 345. Great lot designed with brick pavers. Over $50,000 invested in renovation. Parking for 60 plus Marquee sign for building.
Basic Terms: Sells Regardless of Price to the highest bidder. No Minimums, No Reserves! The building and parking lot will be offered separately and together. They will sell in the manor that produces the highest total bid. In order to bid you must bring a CASHIERS CHECK MADE PAYABLE TO HOME SITE TITLE AGENCY IN THE AMOUNT OF $20,000 which will become your deposit if you are the high bidder. AS IS. Close in 30 days. 10% Buyers Premium. All inspections prior to Auction. No buyer contingencies.
Seller: Wilmington Church of God. Pastor Elizabeth Looney.
Realtors: Cooperation is encouraged. Please see "Realtors Only" section ofwww.OhioRealEstateAuctions.com for compensation instructions.
Auctioneer: Barry Baker, CCIM, CAI, AARE. Cell: 937-581-3037Barry@OhioRealEstateAuctions.com
