Auction Information
Auctioneer Brzosteks Auction Service (315) 678-2542
Auction Date Sep 16 Auction
Location
4 West Church St.
Adams, NY
Time 10:00AM
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Unreserved Real Estate & Contents
AUCTION

4 West Church St.
Adams, NY 13605
(US Rt. 11 to W. on W. Church St.)

MON., SEPT. 16, 10 A.M.
Real Estate Open House: Monday, September 9, 10 A.M.-1 P.M.

Full Details:
Seller: Tug Hill Ventures Inc. (Keith Schillinger, Owner)
County: Jefferson County
Municipality: Village of Adams
School District: South Jefferson
Tax Map #: 112.36-5-23
Assessment: $77,500.00
Equalization Rate: 100 %
100% Assessed Value: $77,500.00
Lot Size: 83.27' x 205.85' +/-
Zoning: GC: General Commercial District
Classification: 426 - Fast Food Franchises
City/Village Taxes: $579.70
Town/County Taxes: $694.63
School Taxes: $868.09
Total Taxes: $2,142.42
Real Estate Features: 9,240 +/- Sq. Ft. Building with Detached One Car garage on 83.27’ x 205.85’ +/- Lot!
1st Floor: Restaurant/Pizza Shop w/ Kitchen, Dining Area, Office & Bathroom and Two Apartments.
2nd Floor: Four – One Bedroom Apts. ($600/mo. inc. util.)
Two – One Bedroom Apts. w/ Kitchens, Living Room & Full Bath ($600/mo. inc .util.)
Five Units in need of remodeling. Three Units are ready for rental. Two common Bathrooms, Three Rooms w/ Private Bathroom.
3rd Floor: Entire floor ready for remodeling and some rooms the remodeling has started!
Unfinished Partial attic. Full Basement w/ Stone foundation, dirt and concrete floor, Two – 200 AMP 240 Volt Single Phase power and One – 125 AMP CP Sub Panel for Restaurant Equipment, Nat. Gas forced Air furnace for 1st floor. Hot water Baseboard heat for upper levels and Hot water Baseboard heat on the other floors and 48 Gal. Water heater. Asphalt Shingled Roof, Vinyl siding and new Vinyl replacement windows throughout.

Restaurant Equipment to be sold separately or in combination with the Real Estate to the highest bidder(s) ~ (Over $80,000 Invested into Equipment): Tables/Chairs, Glass, China, Flat screen TV's, Stained Glass, 2 Edge Chain Drive Nat. gas Impinger ovens-1½ & 1 Yr. Old-Cost $20,000; Avactico 1 yr. old Pizza & Sandwich Prep cabinets, refrigerator, 2 Doughpro Presses-Cost $2,000 ea.; microwave, scales, Metro shelves, upright freezer, sliding glass door cooler, 3 dr. glass door cooler w/new compressor, 3 Bay SS sink, 2-Imperial 35lb. Nat. gas deep fryers, SS meat slicer, 2 Hot Pizza Display cabinets, Five Supression Ansul system over fryers, 2 chest freezers, misc. supplies, 20 qt. mixer, pizza pans & screens, plus more!

Terms on Personal Property: Full payment due day of auction by Cash, Visa, MasterCard, Discover & Debit Cards. Checks w/Bank Letter of Guarantee. Twelve percent buyer’s premium. All items sold in "AS IS" condition. Subject to errors and omissions. Refreshments available. Driver’s license required for bidding number. All statements made day of auction take precedence over printed material. Auction: #7837/19

Terms on Real Estate: Down payment of 10% due day of auction by Cash or Check. Additional 10% due within 3 days (72 hours) and the balance due on closing in 30-60 days. 10% Buyer's premium will be added to the final bid and included in the purchase price. Property sold in "AS IS" condition with transfer of title by Warranty Deed. Broker Participation: 25% of Brzostek's Commission to be paid to the Licensed Real Estate Broker whose prospect successfully closes on the property. To qualify for a commission, the Real Estate Agent or Broker must register their prospect prior to Open House and attend the auction with client. Brokers acting as principals are excluded from broker participation. All the information contained in this flyer/brochure was obtained from sources believed to be correct, but is not guaranteed. All announcements from the Auction block take precedence over any printed or advertised material. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations. All acreages, measurements, & other figures described in this flyer are approximate and, therefore, not necessarily to scale. Auction: #7837/19


Auctioneer License Information: 00000

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