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Commercial
2,150 ft2
0.24 ac
Harmon County
Listing Image
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Opening Bid $50,000
Auction Starts Jan 13
Current Bid $50,000
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Current Increment:
$5,000
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Remaining Time: 55 Days, 07:20:52
Property Details
Living Space
2,150 sq ft
Lot Size
0.24 ac
Year Built
1993
Property Type
Commercial
Sub Type
Hospitality
Product Type
Private Sellers
Property ID
368875
Description

Sells to Highest Bidder at Auction at or Above $75,000

2,150+/-sf restaurant facility built in 1993 on 0.24 acres.  Conveniently located directly off E Broadway St across from the Loves gas station you'll be in a prime location to grab customers coming through town on I-62.  Equipped with a digital sign for marketing.  Serving as a popular dining spot for locals, high school students, hospital staff and visitors, the cotton gin, the commercial dairy, workers and nearby drywall plant.  All equipment conveys with the sale and sellers encourage pre-auction offers!
 
Equipment includes:
• Newer mini-split HVAC in the lobby
• Newer ovens and fryer
• Newer bakery/display cases.  One is refrigerated and one is not
• Walk-in cooler present
• Newer water heater
• Vinyl ceiling tiles have recently been replaced

Property Disclosures

• DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, all available due diligence materials, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

• BUYER shall pay all Closing fees, and all: Title exam and search fees; title insurance premium(s); filing fees for deed and any note/mortgage and State deed tax or stamps; plat, survey, inspection or other fees announced or advertised for the Auction; costs of supplemental abstracting (if required); the Buyer’s Premium in the amount set forth herein; and any and all other Closing costs incurred by Buyer. SELLER shall pay: the cost of certifying base abstracts (if required); filing fees for releases (if any); bankruptcy search fee (if any); and any other document fees incurred by Seller.

• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.

· Property Tax Disclosure Summary: Buyer Should Not Rely On The Seller’s Current Property Taxes As The Amount Of Property Taxes That The Buyer May Be Obligated To Pay In The Year Subsequent To The Purchase. A Change Of Ownership Or Property Improvements Triggers Reassessments Of The Property That Could Result In Higher Property Taxes. If You Have Any Questions Concerning Valuation, Contact Property Appraiser’s Office For Information.

· Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.

• Personal Property Not Included.  Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.

· Zone, Code, and Use Disclosure.  Buyer acknowledges that the Property shall be purchased “AS-IS, WHEREIS, WITH ALL FAULTS.” The Property may be subject to city, village, and/or county code or zoning violations, and Buyer accepts the property subject to any such violations.  Buyer agrees to conduct an independent search of all property records in the city, county, and/or village prior to bidding and has bid accordingly.  Buyer shall be responsible for any and all required remediation of the property, if any.  Buyer shall not rely on any information provided by the Seller or Williams & Williams regarding the status of any code or zoning violations, and shall base its decisions on its independent inspection.  Buyer also acknowledges that the property may be subject to city, village, and/or county occupancy regulations and requirements which may impact the current and/or future use of the properties.  Buyer acknowledges that the seller and Williams & Williams make no warranties of any nature, express or implied, as to the permitted uses of the property, and any prohibition of buyer’s intended use of the property shall not be a grounds for terminating the contract.

• Pictures may not reflect specific parcel, entire parcel, or current conditions of any structures that are present.

Legal Description

Coming Soon

Licensing
OK Elizabeth Fontana Fitzwilson, Lic. No. 150739.
Quick Terms
  • "As-Is, Where-is", no contingencies to sale
  • 5% Buyer's Premium ($3,750 minimum)
  • 10% Down-payment ($5,000 minimum)
  • View full Terms of Sale
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