Lot # : 1 - 140 S Crestline St, Crestline OH 44827

Live Webcast Auction
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Crestline, OH 44827
Date(s)
5/8/2024 - 5/16/2024
AUCTIONEER INFORMATION
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Bidding Notice:

Bidding to be Live & Onsite w/Online Bidding Available May 16th @ 1pm

Information
Lot # 1
Group - Category Real Estate - Residential
Lead 140 S Crestline St, Crestline OH 44827
Name Former Nursing Home - Crestline. OH
Auctioneer
Dutton Auctions
Type Live Webcast Auction
Date(s) 5/8/2024 - 5/16/2024
Auction Date/Time Info
Bidding will be LIVE Onsite w/ Online Bidding Avaible May 16th @ 1pm
Preview Date/Time May 2nd, 9th, and 16th (11A-1P)
Checkout Date/Time Closing should be 30 days or less from Auction Date
Location
140 S Crestline St
Crestline, OH 44827
Buyer Premium 10% added to the High Bid
Description
COMMERCIAL REAL ESTATE AUCTION - May 16 @ 1pm. Amazing value add opportunity! This vacant former YMCA & Nursing/Senior Care facility has so much potential: this building has over 34,000 usable square future and could be 41+ unit apartment complex, 80+ assisted living units, or 75+ offices on a 1.5 acre site in the beautiful village of Crestline, Ohio! The property is currently zoned B2 - General Business and may need a zoning variance depending on the future use. The number of units can be reconfigured whether they are combined or separated. Main floor features two story foyer w/ offices, main floor kitchen, dining area, and a common area overlooking the courtyard. Property is in need of renovations and is looking someone with fresh ideas to see the future potential income options w/ this project! Possible Seller Financing Available. Bidding to be Live & Onsite w/Online Bidding Available. Terms on Real Estate: $17,500 down day or sale, balance due at closing. A 10% buyer's premium will be added to the highest bid to establish the purchase price. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
TERMS ON REAL ESTATE: $17,500 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
$17,500 down within 72 hrs of sale in the form of cash, check, or bank wire, with the balance due in full at closing.
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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.