CUMBERLAND OHIO REAL ESTATE AUCTIONS

2 BUILDINGS – 3 TRACTS – VACANT LOT – HIGH TRAFFIC – COMMERCIAL POTENTIAL – MULTIPLE USES – LOTS OF POSSIBILITIES –

OPPORTUNITY KNOCKS!!!

THURSDAY, OCTOBER 12^TH STARTING @ 5:30 P.M.

424 & 430 MAIN ST. – CUMBERLAND, OHIO 43732

Opportunity Knocks w/ these three properties which are located on Main Street in the growing Village of Cumberland.  These three tracts will be offered individually and will not be offered as a whole.  Tract #1 is located at 430 Main St. and features an 1100+ square foot building that once house an insurance company.  In the last year, this property has been used as a dwelling.  This property offers an abundance of possibilities, as it is located on the “Main” drag in Cumberland.  Could easily be converted to retail space, still used as offices or even used as a dwelling – rental or owner occupied.  Building has had several updates to plumbing and electric, it even has a Generac generator system.  It is handicap accessible and offers a black top parking lot with room for up to 8 vehicles.  If you have a business idea and need a place – look this property over.  With the Wilds being close by and the Jesse Owens recreational area in your “backyard”, this place is ideal for many types of uses.  Tract #2 located adjacent to tract #1 is located at 424 Main St. and has the old Bank and Postal Building on it.  This building is in need of renovation – but opportunity still exists.  This structural landmark is well built and offers many uses.  In its day it not only served as a bank and post office but also house upstairs apartments, other business and even a beauty salon in the basement.  For those salvage enthusiast, you may want to check this property out – it is constructed of steel, brick and concrete.  The original safe and marble is still on the bank side of the building.  It will need a roof, but the potential is here.  You will want to “look this property over, not overlook it!!”  Tract #3 is a vacant lot that measures approximately 65’ x 75’.  This property will need to be surveyed, so measurements are approximate.  This property would make an ideal addition to either Tract #1 or #2 as it will allow additional parking and or room.  OPPORTUNITY KNOCKS!!!

INSPECTION DATES:

WEDNESDAY, OCTOBER 4^TH FROM 4:30 TILL 6:00 P.M.

TUESDAY, OCTOBER 10^TH FROM 4:00 TILL 5:30 P.M.

TERMS ON REAL ESTATE:  There will be a 10% buyer’s premium added to the final bid price to determine the contract price.  Successful purchaser will be required to give a $2,500.00 non-refundable deposit on the day of the auction – with the balance due at closing (within 45 days).  Tract #1 and #3 sell with a moderate reserve – Tract #2 will sell regardless of price.  These properties sell “As-Is/Where-Is” w/ no warranties implied or expressed.  These properties sell with no contingencies, financing or otherwise.  Any desired inspection must be made prior to bidding.  These properties will be sold individually and will not be offered in their entirety.  Secure Title will handle the closing.  All information contained herein was derived from sources believed to be correct, but not warranted.  Any announcements on auction day will take precedence over any and all printed material.

OWNER(S):  JOE GRIFFIN (TRACTS #1 AND #3)

RIDGE WIND LLC (TRACT #2)

  AUCTION CONDUCTED BY:

BEN SCHAFER REALTY

ED AND BEN SCHAFER, AUCTIONEERS, LLC.

www.edandbenschafer.com           www.benschaferrealty.com

740-584-7253                               740-305-5054

BEN SCHAFER, BROKER/AUCTIONEER – 740-584-SALE

ED SCHAFER, AUCTIONEER/AGENT – 740-584-2921           DEAN BLACKBURN, AUCTIONEER/AGENT – 740-621-1576

LANCE MILLER, AUCTIONEER/AGENT – 740-819-8838                        BEN WAGNER, AUCTIONEER – 740-885-1236

AUCTIONEER’S NOTE:  You will not want to over look this opportunity.  Cumberland has a lot of positive things going on right now, and you can get ahead of it with these properties which are conveniently and excellently located in a high traffic area.  Hope to see you at the auction!!!