"In Contract Pending Sale"
Large Commercial Building & Parking Lot.
$75,000.00 Minimum Bid Auction
The 2002 Appraisal = $235,000.00
Location, Location, Location.
3571 West Broad Street, Columbus, Ohio 43228
Intersection of West Broad Street & Wilson Road
Open House, Auction Preview & Inspection Dates & Times: Sunday, August 9th 12:00 Noon - 1:00 PM, Sunday August 16th 12:00 Noon-1:00 PM, & Saturday, August 22nd @ 11:00 AM.
Be sure to arrive early for Auction bidder registration.
This attractive single story commercial building has approximately 3,367 square feet of gross building area above grade. This Real Estate features 141 feet of frontage on West Broad Street with convenient safe separate entrance and exit to and from the huge private paved parking lot that runs 134 feet deep from West Broad Street the entire lenth of the building in the back. The land area is 0.387 acres. You will find a detached one car garage storage building, commercial dumpster, and wooden privacy fence that also runs the entire lenth of the property line located in the back. This commercial building and the huge commercial 4 panel billboard is highly visible by all traffic traveling East & West on Broad Street and also visible from traffic heading South at the intersection on Wilson Road. The current 3 year lease and $5300.00 annual income for the 4 panel Commercial Billboard transfers to the Buyer at closing. The Billboard and supporting structure is owned by Clear Channel and is not included in the sale of this Real Estate. The top, side, and front of the building features illuminated plexiglass sign panels that can be modified for the Buyers intended use of the building at this location. On top of the building there is space for (2) 4 x 10 new business signs to be installed just below the existing large illuminated interchangable plexiglass letter & number sign panel. Exterior flood lights illuminate the parking lot. Property Type: Commercial Storeroom. Zoning LI Limited Industrial. The current land use code is (420) Small Retail Structure.
Exterior Style: One story former drive-in restaurant converted to a commercial storeroom for retail sales. Brick and frame exterior walls with 4 foot over hang canopy. There is ample outside asphalt parking area and the property appears to adaptable to a wide variety of commercial uses.
Roof: Flat type rubber roof on wood deck, wood joists, gutters, and downspouts.
Foundation: Concrete block foundation walls on concrete footers. Built in 1960.
Interior: Ceilings: Painted suspended acoustical tile system. Walls: Painted drywall and pegboard. Floors: Carpet over concrete slab and vinyl flooring. Windows: Glass block. Doors: Metal service doors. The interior of this building includes a retail sales area, counter space, storage room, furnace room, mechanical room, and (2) half baths.
Mechanicals: The improvements are heated and cooled by gas fired forced air furnaces with attached electric air conditioning units. The plumbing fixtures are standard with two toilet rooms, a gas fired water heater, copper supply lines and galvanized waste lines. There are extensive electrical service boxes with circuit breaker protection and flexible metal wiring. Thank you for your interest.
The Current Franklin County Ohio Annual Real Estate Taxes are $5369.14
The 2002 Appraised Value using Sales Comparison Approach = $235,000.00, Land Value =$135,000.00, Income Capitalization Approach $230,000.00, Contributory Value of the Outdoor Advertising Sign $50,000.00. Final Value Conclusion $235,000.00
Driving Directions: Just West of Downtown, Columbus, Ohio while traveling on I-70 East or I-70 West take the Wilson Road Exit. Heading South on Wilson Road Turn Right on West Broad Street. The subject property is located adjacent to the Southwest corner of West Broad Street & Wilson Road.
The Real Estate sells in "as is" condition with no warranty written or implied by the Seller, the Broker, or the Auctioneer. A $5000.00 good faith down payment deposit bank certified cashiers check made payable to Ohio Real Estate Auctions is due on the date of auction and is required for auction bidder registration. The Buyer agrees to pay a 10% Ten Percent Auction Buyer's Premium due Ohio Real Estate Auctions at closing. The Buyer must complete all Real Estate inspections, research, mortgage pre-qualification, and due diligence prior to bidding to purchase this Real Estate on the date of auction. The Buyer agrees to pay all closing costs involved with this transaction including title insurance, settle in full, and close this transaction with no buyer contingencies on or before 30 days after the date of the Auction. This transaction shall be closed with AmeriTitle Company Columbus Ohio. All signed Buyer/Broker agency disclosure statements and Ohio Real Estate Auction Buyer/Broker auction registration forms must be received by Keith Orr, Auctioneer, Ohio Real Estate Auctions no later then 48 hours prior to the date of auction or all prospective buyers in attendance during this On-Site, Real Estate Auction will be considered self-represented on the date of auction. The Buyer must read, approve, sign, and perform according to the Ohio Real Estate Auctions, Auction Bidder Registration Form, Real Estate Auction Purchase Agreement and all Residential Disclosure Forms as required by Ohio Real Estate Auction Law. The Buyer's $5000.00 good faith down payment deposit may be returned or applied toward the purchase price on the date of a successful closing, however if the Buyer fails to close this transaction for any reason the Buyer's $5000.00 good faith down payment deposit is non-refundable. For complete Auction terms, conditions, and showings by appointment only call me today.
Thank you for your interest and participation.
Keith Orr, Realtor, Auctioneer
(614) 565-1566 Direct (614) 488-6789 Fax
Email: Keith@KeithOrrAuctioneer.com
www.KeithOrrAuctioneer.com
www.OhioRealEstateAuctions.com
Ohio Real Estate Auctions
