Columbia Township Absolute Real Estate Auction
Thursday, June 20th @ 6:00 P.M.
12.64+/- Acres in 6 Tracts of Prime Commercial and Residential Real Estate
Location: Corner of Route 82 (Royalton Rd) and Station roads, Columbia Station, Ohio 44028
Auction to be held onsite at 26730 Royalton Rd.
Real Estate: Developers, Builders and Investors! This property is for you, with great potential in an excellent location, all in the prosperous and fast growing area of Columbia Township in Lorain County. With a total of 11 county parcels totaling 12.64 +/- acres being offered at public auction in 6 different tracts, with five houses and two current commercial locations. Currently the properties are serviced by Lorain Rural water and private septic. All of the property being offered is zoned Business District with high exposure and great accessibility, making a great investment opportunity with a lot of potential you won’t want to miss!
Auction Tract #1- 3.6 Acres boosts tremendous opportunity and is located on the corner of Royalton and Station road intersection. There is currently an income producing commercial site on this tract with older retail store building and 27’x41’ pole building currently being leased mo. to mo. Also on located on this tract is a 1300 sq. ft. 2 bedroom 1 bath ranch home with attached garage built in 1958. The house is currently being leased on a month to month basis for $800 per mo. On the back side sits a cell tower with right of way from Station Rd. With the high visibility at the intersection it would be a great location for a multitude of businesses. Addresses - 13972 Station Rd (house), 13992 Station Rd. (corner building). County APN #s 1200076101030, 1200076101038 and 1200076101037 current annual taxes $3685.64
Auction Tract # 2- 2.26 Acres with a 55x40 retail/shop building and gravel lot. Previously leased as a car lot. This site also has great visibility with lots of commercial potential. Address 26730 Royalton Rd. County APN #s 1200076101023 and 1200076101024 current annual taxes $2241.36
Auction Tract # 3- 2.26 Acres with a 1800 sq. ft. ranch home built in 1954 with 2 bedrooms 1 bath. Also on this site is a 30x40 pole constructed garage. This property would make a nice addition to tract # 2. Address 26740 Royalton Rd. County APN#s 1200076101022 & 120076101021 current annual taxes $2889.72
Auction Tract # 4- 2.26 Acres with a 2 bedroom, 1 bath 780 sq. ft. home built in 1951. Address 26770 Royalton Rd. County APN#s 1200076101020 & 120076101019 current annual taxes $2123.92
Auction Tract # 5- 1.13 Acre. Lot with a 1,400 sq. ft. 3BR. 1 bath bungalow with attached garage. This house was previously used as a rental and is currently vacant and ready for a new owner. Address 26816 Royalton Rd. County APN # - 1200076101017 current taxes $2068.30
Auction Tract # 6- 1.13 Acre. Lot with a 1600 sq. ft. 3br. 2 bath home built in 1952. It has a paved drive and a detached garage at the rear. This home has been rented on a mo. to mo. basis for $800 per month. Would make a nice addition to your investment portfolio. Address 26860 Royalton Rd. County APN # 1200076101014 current annual taxes $2358.06
Taxes/Legal: Current Lorain Co. APN#s and annual taxes are listed above, based on current auditors record. Real estate taxes will be pro-rated to the date of closing. Property will transfer how the current county APN #s are listed.
Method: Tracts 1-4 will be offered separately and together and will sell in the manner that nets the most for the seller. Auction Tracts 5 & 6 will sell immediately following tracts 1-4. (Auction will take place on site on tract # 2)
TERMS: A 10% non-refundable down payment is required from successful purchaser(s) at the auction with the balance due at closing within 45 days. There are no financing contingencies. Property sells As-is where is with no warranties expressed or implied. All desired inspections need to be completed prior to bidding. A 5% buyer’s premium will be added to the final bid to establish the final contract selling price. Possession will be at closing. Announcements on sale day take precedence over all printed advertising. For additional details and pictures go to www.RES.bid
NOTE: Properties 5 & 6 will sell immediately following tracts 1-4. This type of property in North East Ohio is hard to come by, with a great commercial location in the heart of a growing community and close to many Cleveland area amenities. The possibilities are endless. Bring your ideas. Have your financing in order and come bid your judgement on Thursday June 20th. Sells at absolute Auction to the highest bidders. Come prepared to buy!
Open House – RES Agent will be onsite to answer questions Tuesday June 4th from 5-6pm
Sale by order of: MF Blackmore Properties LLC & MF 82 Station LLC
Auctioneer / Realtor: Nick DeFelice 330-464-1302
Broker : Seth Andrews
RES Auction Services 833-765-3737