OFFICE or INVESTMENT PROPERTY

BY PUBLIC AUCTION

This historic building was professionally renovated & currently consists of Dentist office with residential apartments above. Dr. Rankin is retiring & will offer this property by Public Auction. Sale will be conducted on location at 1317/1315 WEST MARKET in BALTIMORE, OH (Fairfield Co).

WEDS EVENING, JUNE 28, 2017

SALE TIME: 6:30PM

 Open House> June 19 (Monday) from 5-6PM

This offering will consist of 3 parcels selling together. Parcel IDs- 0240210100-0240210108-0240210200. This offering should appeal to anyone looking for office space with large paved parking area plus monthly income from the tenants. It should also be attractive to any savvy investor looking for “ready made income”. This offering will not include the dental office equipment. However, anyone interested in equipment can contact us or Dr. Rankin directly to discuss purchasing. Dr. Rankin is willing to explore the possibility of renting back his office space for a few months if buyer wants a commitment on additional income. If you have desire for other options, the dental office equipment will be removed promptly.

TERMS: $10,000 down at auction with balance due at closing in 45 days. Sells “as is” in all respects without warranties & subject to Seller confirmation.  

PLR Enterprises/Dr. Pat Rankin- Owner

FEATURES OF PROPERTY:

1-      This offering consists of 3 Parcels & sold as a whole (0240210100-0240210108 & 0240210200).

2-      This historic building has been professionally updated. Main floor has been a dental practice for many decades.

3-      Upstairs features two residential apartments which are on a month to month basis.

4-      Nice, large, asphalt private parking area behind building.

5-      Current rental income for the dental office & apartments is $3183/month including water & gas heat. All 3 units have separate electric meters.

6-      City Utilities.

7-      Property taxes are approximately $1447.79 per half.

8-      Liberty Union-Thurston Local School District.

9-      Continued monthly income if Buyer wishes for upstairs tenants willing to stay & Dr. Rankin willing to rent office space for a few months.

10-    All dental equipment, supplies & office furniture are not part of this transaction but can be purchased separately by contacting Dr. Rankin.

BIDDING PROCEDURE & TERMS TO KEEP IN MIND: 

Parcel Numbers- 0240210100, 0240210108 & 0240210200.

 2-        All bidding is open & public. You or your authorized representative must register with auction clerk.

 3-        Seller will accept or reject the highest offer after receiving the signed “Offer to Purchase” contract. Seller reserves the right to accept or reject any & all offers.

 4-        Minimum bid increments are at the discretion of the auctioneer. 

 5-        $10,000 down at auction. Money is non-refundable if buyer fails to close within the terms of the contract. Sale is not dependent upon financing.

 6-        Balance of purchase price due at closing within 45 days from acceptance. Seller intends to utilize a 1031 tax exchange & will work with Buyer on closing date to accommodate that procedure.

 7-        Your bids are to be based solely upon your inspection. Property is being sold “as is” in all respects without warranties. Property will be made available for any inspections potential buyers want to conduct prior to auction.

 8-        Property taxes, rental income & utilities pro-rated to day of closing. Possession at closing.

 9-        Seller will provide clear & marketable deed. Any inspections, title insurance or survey (if required) are responsibility of buyer.

10-       Tenants currently are on a month to month basis. Seller willing to continue dental practice & pay rent for a few months at Buyer’s choice.

11-       Sells subject to all valid recorded easements, restrictions & right-a-ways.

12-       The only additional closing costs to Seller will be deed preparation, county conveyance fee & any filing fees associated towards Owners.

13-       Auctioneer/Agent represents the Seller. No Buyers Premium to be charged Buyer.

Please Note: We do not recognize Agent co-oping on our Auction properties.