ONLINE COMMERCIAL REAL ESTATE AUCTION

MULTI USE COMMERCIAL BUSINESS BUILDING! 

GREAT INVESTMENT / INCOME BUILDING!! Per Seller: Recent rents of up to $3,500.00 per month, with only 2 floors, and additional up to $1,000.00 per month on the 3rd. Low taxes, insurance, upkeep, newly updated. 

Originally on the market for over $300,000.00!  Owner is moving and wants to sell!

OPENING BID ONLY $25,000.00!!!!

PRIME LOCATION IN THE BUSINESS DISTRICT!

Solid Building / Instant Income Earner / Must See!

517 Lawrence Avenue, Ellwood City, PA 16117

Minutes to Pittsburgh & Youngstown regions!

BIDDING NOW UNDERWAY! ONLINE BIDDING CONCLUDES: 

Monday, May 11th, at 6:00 PM

OPEN HOUSE / INSPECTION: Please call or email us to schedule your viewing appointment today! Broker/Agent participation invited, fees paid. 

ADDITIONAL OPEN HOUSE: Doors open on auction closing day, @ 5:00 PM for inspection. We will also accept bids on the "floor" on auction day, and the internet, at location. 

Go to www.loomisauctions.com and click on "Online Bidding" to view, register and place your bids online now!

OVERVIEW: Three story brick multi use building, located in main business district of Ellwood City.  Original structure used as furniture store with 3 finished floors, high head room, freight elevator and front/rear entry ways.  The building has experienced major mechanical updates along w/some structural changes within recent years.  Each floor has independent heating systems/A-C and electrical services. All per seller. Many other updates and improvements. Ready to do business, or rent! Multi tenant candidate! Great income building!

OVERVIEW & PREVIOUS RENTS:

FLOOR #1: Huge ready to rent, retail, office, call center, of other space. Restrooms, newer heat, elec, & a/c, Back store space, overhead door, back unloading. Previously rented to Hallmark, at $2,500.00 per month. 6,000 sq ft plus.

FLOOR #2: Multi -Tenant: Already built out, up to 3 rentals, Previously at Approx. $900.00 monthly. Restrooms, common area & private rentals. Newer heat, a/c, electrical / Approx 6,000 plus sq. ft.

FLOOR #3: Newer heat, a/c elec, windows, restrooms, office, clear span finished hardwood floors. Perfect for light, warehouse concept use. Approx 6,000 plus sq. ft.

• Wide Stair access for all floors and tenants

• 2 pallet, older freight elevator service to all floors, needs repair, but big plus!

• One side, newly city investment for business lot. Opposite side, striving businesses, and City Building. 

• LOW TAXES, APPROX. $6,000.00

*All approximation sizes, rents, and claims provided by the seller. All info provided by the seller, not Loomis Auctioneers. All bidders / buyers agree to hold harmless Loomis Auctioneers of any liability of representation, claims, or other whatsoever. ALL Real Estate Sold AS -IS.

Bidders are encouraged to perform all due diligence, prior to bidding on any lot, or real estate. All information provided by the seller. 

Real Estate Terms & Conditions: Property Sold AS-IS. 10% Deposit of final bid, auction day. 10-15% Buyer’s premium added to final bid, auction day. Balance at closing. Guaranteed Clear, Good Title At Closing. Closing Costs: Unless specified in writing, buyer and seller, assume closing costs, split 50% seller / 50% buyer. All current taxes prorated the time of settlement. Any and all delinquent taxes are assumed and paid by seller. All information has been provided by seller. It is the sole responsibility for buyer to perform any and all due diligence, prior to bidding. Bidders / Buyers understand and agree to the terms and conditions, and real estate auction agreement, prior to bidding. Bidders / Buyers agree to "hold harmless" Loomis Auctioneers of any, and all liability, whatsoever. Need financing? Contact Loomis Auctioneers for more info. Real Estate Agent Participation Invited. Need assistance or have questions regarding the auction process? Need lending or other financial info? Call us regarding the FAQ’s. How do I bid? Do we need all the money auction day or at the closing of auction? Not at all, only the deposit and buyer's premium. The balance at closing. Can we have an extension for closing? Yes, for qualified buyers. Call us, we can answer all the questions, we love to talk to our bidders!