Online Only Auction
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Time Remaining: Bidding opens in 9d 4h 31m
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Date(s)
5/8/2024 - 5/16/2024
AUCTIONEER INFORMATION
Bidding Notice:

Bidding to be Online Only

Auction Notice:

The High BIdders will be responsible to contact the City Of Canton about future use.


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 705 6th St NW, Canton OH 44703
Name All Brick - Multi-Family Building
Auctioneer
Type Online-Only Auction
Date(s) 5/8/2024 - 5/16/2024
Auction Date/Time Info
Bidding will be ONLINE ONLY May 16th @ 2pm
Preview Date/Time PRIVATE SHOWINGS ONLY | Open Day of Auction April 16 (11-1P)
Checkout Date/Time Closing should be 30 days or less from Auction Date
Location
Buyer Premium 10% added to the High Bid
Description
COMMERCIAL REAL ESTATE AUCTION May 16 @ 2pm. Stark Co - Canton, OH. Lender Directs Immediate Sale! Amazing value add opportunity in downtown Canton, OH! Former "The Ritz" Building in Downtown Canton, OH. All Brick Building w/good bones and structure, but is in need of renovation. New owner must work with the city of Canton regarding future uses, building was previously approved for 15 units. Bidding to be Online Only.
TERMS ON REAL ESTATE: $12,500 down day of sale or within 72 hrs if bidding online, with the balance due in full at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 97,500.00 500.00 USD
97,500.01 - 249,000.00 1,000.00 USD
249,000.01 - 299,500.00 500.00 USD
299,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% added to the High Bid
Payment Terms
$12,500 down within 72 hrs of sale in the form of cash, check, or bank wire, with the balance due in full at closing.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.