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Foreclosure auction in Poland, Ohio - Great opportunity for investor

By Michael Hoffman

Services for Real Estate Pros with Michael Hoffman & Associates

June 14, 2010 04:12 AM

Michael Hoffman | Ohio Real Estate Auctions | 614.314.0298

2289 E Western Reserve Rd, Poland, OH

Court Ordered Auction of Commercial Real Estate

Retail/Commercial

offered at $100,000

Year Built	Unspecified
Sq Footage	Unspecified
Floors	2
Parking	Unspecified
Lot Size	.25 acres
Maint	$0 per month

DESCRIPTION

Court Ordered Real Estate & Restaurant Liquidation Auction

Former “Gingerbread Café or Stucky’s Bake Shop”

Auction Date: Friday, June 18th @ 11:00AM (Sells On-Site)

Location: 2289 East Western Reserve Road Poland, Ohio 44514. Located within ½ mile of I-680 off of Western Reserve Road.

Minimum Bid on Real Estate Only $92,000! Real Estate to be sold first, followed by piecemeal auction of the personal property.

See www.OhioRealEstateAuctions.com for complete legal description, terms, photos, description of bakery & restaurant equipment, etc.

Description: Former bakery/café with apartment above. Mahoning County PID# 01180016020

Personal Property: Adamatic Revent Intl oven; large Hobart 60 quart stand mixer; flavorview cabinet; sheet pans; Oliver brand slicer; mobile air conditioner; Kaldi brand gourmet coffee roaster; Ostoria brand expresso machine; bakery display case & much more items related to baking.

Basic Terms: Sells subject to court-mandated minimum bid of $92,000. Sells As-Is with no contingencies for financing or inspection. 10% Buyer's Premium will be added to final bid to create contract sale price. Buyer will pay all costs associated with closing.

Deposit and Closing: In order to register to bid you must bring a CASHIER'S CHECK MADE PAYABLE TO Ohio Real Estate Auctions in the amount of $5,000 which will be your non-refundable deposit if you are the high bidder. Checks will be immediately returned to all non-winning bidders. Closing must be within 30 days after the Auction upon confirmation of the Mahoning County Common Pleas Court.

Realtor Participation: Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor's Only section of www.OhioRealEstateAuctions.com. Please call Auctioneer to schedule all showings.

Viewing Dates: Friday, June 11th @ 1:00 - 2:00PM & 30 minutes prior to auction

Ordered Sold by:

The Civil Division of the Mahoning County Common Pleas Court

Case # 2009 CV 02913

Plaintiff Huntington National Bank v. Stucky’s Bake Shop, Inc.

Auctioneer - Michael Hoffman

614-314-0298

Ohio Real Estate Auctions, LLC