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ABSOLUTE AUCTION 48,500 SQ FT PRIME COMM/BUSINESS PROPERTY

Currency:USD Category:Real Estate / CommercialMulti-Business Complex Start Price:50,000.00 USD Estimated At:125,000.00 - 200,000.00 USD
ABSOLUTE AUCTION  48,500 SQ FT PRIME COMM/BUSINESS PROPERTY
CURRENT BID
50,000.00USDby babehess05+ applicable fees & taxes.
ENTER YOUR MAXIMUM ABSENTEE BID[?]
You must bid at least
55,000.00USD
USD
55,000.00 x 1 unit = 55,000.00USDApplicable fees & taxes are added at checkout.
[?]Bidding Ends At 2020 Oct 29 @ 18:00 (UTC-4 : AST/EDT)
INSPECTION DAYS :
HERMITAGE RESIDENTIAL : 10/20 5:30PM -6:30PM
GREENVILLE SCHOOL COMMERCIAL : 10/19 5PM -6PM
MERCER LIVESTOCK AUCTION : BY APPT OR ANY SALE DAY
THORNTON HALL:10/27 5:30 - 6:30
ANY BY REQUESTED PRIVATE APPT. CONTACT MAIN OFFICE
PLEASE VIEW VIDEOS!
NOW, ABSOLUTE AUCTION, SOLD TO THE HIGHEST BIDDER, WITHOUT A SELLER'S RESERVE!

THIS BUILDING IS IN BEAUTIFUL, MOVE-IN, TURNKEY CONDITION. TODAY'S CONSTRUCTION COSTS OF A COMPARABLE BUILDING CONSTRUCTION, IS APPROX. $100.00 PER SQ FT. THIS BUILDING IS APPROX. 48,500 SQ FT.

*Starting bid does not reflect actual, reserve prices, appraisals, or any financial valuations. Simply a very, very, low opening bid starting point.

OPEN HOUSE / INSPECTION DAY:
Monday, October 19th, from 5:00 - 6:00 PM or, any time by appointment.
Doors open on auction day at 4:30 PM, prior to timing out at 6:00 PM, for final inspections, and staff assisted floor bidding.

**Per the terms and conditions of this auction . All inquires , or other items regarding this real estate must be directly to Loomis Auctioneers Inc. Absolutely no direct or indirect inquires to the seller(s) **

* REAL ESTATE AUCTION AGREEMENTS ARE CLEARLY PUBLICIZED ON THIS SITE. THE BUYER IS REQUIRED TO SIGN AT THE POINT OF SALE. READ , AND REVIEW WITH YOUR LAWYER (IF NEEDED) PRIOR TO PLACING YOUR BID . *

Buyer guaranteed a clear, transferable, title by seller. To close within 30 days, or indicated in the terms of sale.

TERMS : 10% BUYERS PREMIUM ADD TO THE POINT OF SALE FINAL PRICE.
REQUIRED WITHIN 2 BUSINESS DAYS.
10% DEPOSIT TO LOOMIS AUCTIONEERS ESCROW : 90% DUE AT THE LATER CLOSING DATE
10% BUYERS PREMIUM DUE TO LOOMIS AUCTIONEERS.
THERE IS NO FLEXIBILITY IN THE TERMS .
* Many of the inventory contents are included in the sale. Restaurant/ Kitchen equipment , office eq, classroom items. That is a significant value , included !



FOR GREENVILLE AREA SCHOOL DISTRICT
71 Columbia Avenue, Greenville, PA 16125

This 48,500 Sq Ft, two story building, has been well maintained. The building is on the Southwest corner of Columbia Ave & East Street and sits on 4.74 acres.

Call (724) 528-2550 to schedule your viewing appointment today!
Real Estate Agent/Broker Participation Invited!

OVERVIEW
Lot No.55521017; 4.74 acres; 400 x 600 lot
CONDITION , VERY GOOD. TODAY'S COST TO BUILD WOULD BE OVER $100.00 PER SQ FT , OR $4,850,000.00. GREAT INVESTMENT FOR ANY USER, DEVELOPER, RENTAL, OR INVESTOR !

*All information provided by the seller, and all approximate, without warranties, or guarantees.

Square Footage – Approx. 48,500
Admin Office: Approx. 1630 sq. ft.
Library: Approx. 1600 sq. ft.
Gym: Approx. 3127 sq. ft. with stage
Kitchen with Fixtures
Approx. 34 parking spaces
Freight Elevator and Dock

Zoning: R3
Taxes: Total Annual – Approx. $4,325.00

SPECS / OVERVIEW:

Roof: Minor repairs have occurred as needed, most recent in Spring of 2017. Area over classrooms 28 years. Garland built up roof over the Gym, Office and Nurse’s office under warranty until 2020.

Heating system: Gas boiler with individual air over electric ventilators, the two Crane boilers have received regular maintenance.

Air conditioning: Office, Library, Computer lab. 3 package units
Electrical Service: 800 Amp 3 phase. Back-up generator provides power for emergency lighting and exit lights.

Other: Exterior signage, elevator, loading dock,fire/safety alarm system (does not call out), 6 at-grade doors, wheelchair accessible.

Plumbing: Combination of copper and galvanized

Water/Sewer:public. New interior shutoffs, meter, back-flow preventer, pressure regulator valve in 2012

Telecommunications: Main phone service with taps at each room, T1 capabilities

Property being sold “AS IS, WHEREIS” and will be maintained, insured and broom cleaned until closing.

PROPERTY
Property Type: Flex
Parking Ratio: 0.7/1,000 SF
Property Subtype: R& D
Clear Ceiling Height: 9 FT
Lot Size: 4.74 ACRES
No. Dock-High Doors/Loading: 1
Rentable Building Area: 48,500 SF
Opportunity Zone: No
No. Stories: 2

AMENITIES
Freezer (Space)
Restaurant
Yard
Air Conditioning

UTILITIES
Lighting - Fluorescent
Gas - Natural
Water - City Water
Sewer - City Sewer
Heating - Gas

Youngstown-Warren Regional Airport
48 min drive / 26.9 mi


*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, with in 2 business days of 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! Bidders and end buyer have read, understand, and agree to the terms and conditions and real estate agreement prior to bidding, and buying. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement.

Loomis Auctioneers reserves the right to cancel, extend, reschedule, or omit any auction or specific lots, or lot for any reason, whatsoever. Auctioneer's discretion at or before the point of sale. To include issues, that would compromise the fair market value, that include weather conditions, "Act of God", bidding attendance, live location, or online/ internet, lack of interest, or other. All bidders, buyers agree to "hold harmless" Loomis Auctioneers of any liability, whatsoever.
DO NOT BID IF YOU DO NOT HAVE THE ABILITY TO PAY.
There is no  exit strategy for the buyer. Any default or breach ,buyer agrees to a confession of judgment being filed . Seller retains all deposits,Loomis Auctioneers retain the buyer's premium. The property is resold , buyer is responsible for any pricing shortfall, if the property fetches more the second time, original seller is awarded the overage. The original buyer is also liable for all legal , collection , marketing , administration  fees , ect. Very serious business ,and treated as such. DO NOT BID UNLESS YOU HAVE FULL INTENTION PAYING AND CLOSING THIS PROPERTY!

All lots paid in full by credit card or credit card backup to pay within 2 business days of end of auction, without exception. All real estate deposits and buyers premiums, must be paid in full within 3 business days, with the signed auction real estate agreement. All agreements are published on site, far in advance to the end of auction for review. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement. DO NOT BID unless you have the ability to pay, and agree to all terms and conditions and post auction sales agreements.

Any out of state bidders/buyers must supply valid credit card. In addition, Loomis Auctioneers Inc. may require a driver's license or I.D. to establish authenticity of registration. Loomis Auctioneers Inc. reserves the right to deactivate, blacklist, and pursue legal action, in the event of alleged wrongdoing, bogus, or fraudulent registration information, and/or attempting to bid and buy with false information.

A 4.5% ADDITIONAL PROCESSING FEE IS ADDED FOR CREDIT CARD PAYMENT.

ALL LOTS/ITEMS SOLD AS IS. All descriptions, marketing,representations,and auction lot claims, are provided by seller. Bidders and buyers agree to "hold harmless" Loomis Auctioneers of all marketing claims. Any and all Internet auction items and lots are sold AS-IS. Loomis Auctioneers only provide image, and description of lot. Loomis Auctioneers do not make any claims, warranties, quality, or other claims. It is the buyer's responsibility to attend inspection days, or other, to perform any and all due diligence. Do not bid if you do not agree to these terms. No refunds or adjustments of any kind. In the event of any point of purchase rejections of any kind, Loomis Auctioneers and Seller reserve the right to resell the said lot or item. Original buyer will assume all advertising costs, fees, shortfalls of original selling price paid, and any other fees Loomis Auctioneers may charge, including $200.00 per professional fees associated with the refusal issue. Also includes real estate lots.

ALL LOTS AND REAL ESTATE SOLD AS - IS! THE BIDDERS AND BUYERS RESPONSIBILITY TO PREFORM ALL DUE DILIGENCE, PRIOR TO BIDDING.

Loomis Auctioneers reserve the right to re offer, extend bidding, cancel bidding, refuse any and all bids, during or end of auction. By bidding and/or buying, bidders and buyers agree to "hold harmless" Loomis Auctioneers of any and all liability and claims of any kind whatsoever.

DO NOT WAIT UNTIL THE FINAL MINUTES TO BID. YOU RISK BEING SHUT OUT BY DELAY, TECH ISSUES, OR ANOTHER BID BEING PLACED AT THE SAME TIME FOR THE SAME AMOUNT. WE SUGGEST TO PLACE YOUR MAX BID, NOW. THE SYSTEM WILL NOT REVEAL THAT AMOUNT, IF THERE ARE NOT COMPETING BIDS IN PLACE. YOUR BID WILL SIMPLY REFLECT THE NEXT BIDDING INCREMENT.

If technical issues occur please call
724-528-2550 ext. 214

GENERAL TERMS AND CONDITIONS

Auction company reserves the right to implement a one time, 15 minute bidding time extension, in the event a bidder attempts to place last minutes, or seconds, bids. Thus, creating unfair "closeout " or counter bid time, to other bidders. This will be know as one time added time of reconsideration, or FINAL LAST CALL, of an additional 15 final minutes. In the event there are no last minute or seconds bid on the original countdown time, bidding will close as advertised. OVERTIME, AND LAST MINUTE BIDDING EXTENSION MAY APPLY (EXTENSIONS BY VARY AUCTION TO AUCTION.) All bidders understand, agree, and consent these terms, and hold Loomis Auctioneers harmless of any liability or claims, whatsoever.

All auction items are sold AS IS, no returns, arbitration, negotiations, or refusals after auctioneer says “SOLD” and you are the successful bidder.

All real estate, and real estate lots are sold AS -IS, without any warranty, or guarantees of any kind, whatsoever. It is solely the bidder’s / buyer’s complete responsibility to perform any, and all due diligence pre auction. All due diligence, to include, but not limited to, structure, land content & acreage, lot sizes, dwelling, building, quality, deed descriptions, boundary and property lines, taxes, wetlands, contamination, any and all items. Sold AS - IS.

Buyer guaranteed a clear, transferable, title by seller. To close within 30 days, or indicated in the terms of sale.

Loomis Auctioneers Inc. assumes no liability whatsoever, for the said property(s). Any and all information, descriptions, claims whether written or oral, are provided by the seller. All bidders / buyers agree to "hold harmless " Loomis Auctioneers Inc, auctioneer, and staff of any and all claims, or liability, whatsoever.

* By bidding, and / or buying you have read, understand, and agree to the terms and conditions of this auction.

Loomis Auctioneers are not liable for any third party appraisals or representations on any items or real estate. All information has been provided by the seller.

The listings provided on our web site and print advertising are for general information only. It is the buyer’s responsibility to qualify the condition and authenticity of the items presented. All items are sold AS-IS by Loomis Auctions, Inc. with NO representations, warranties or guarantees - either expressed or implied. Loomis Auctions and its employees are not held responsible for item descriptions as provided by the sellers. Terms such as gold or antique may be used simply as descriptors and not necessarily used to represent the actual value of the items presented.

Any description of items is provided for identification purposes only, and is based on information provided by the Seller and/or solely on visual observation of identifying features. The Auctioneer has not inspected the individual items to be sold, assumes no obligation to inspect the individual items to be sold, and makes no warranty or representation as to the nature of character of any item offered for sale.

Do your own diligence and inspections prior to sale. Loomis Group Auctioneers, LLC assumes no liability if any item causes personal injury.

If an auctioneer sells an item and it is claimed by more than one buyer, that item is reopened (sold again) between those buyers only.

Bid rigging, bid passing, or taking turns bidding, is a crime and illegal. Any violators will be asked to pay and leave the auction and not to attend any future Loomis Group Auctions. In addition, violators will be reported to authorities.

After buyer purchases an item or lot, they are completely responsible for that item(s). Auction company or sellers are not responsible for buyer’s items after the buyer purchases the item or lot.

Auction staff can not assist in post sale load assistance due to liability issues.

Loomis Group Auctioneers is not responsible or can not be held liable for any accidents, should they occur.

By registration for a buyer’s number, you agree to “Hold Harmless” Loomis Group Auctioneers, LLC. and it’s staff, directly or indirectly, of any claims, liability, or representation of any lot item, or real estate in the auction.

All items are sold "AS IS", "WHERE IS" and "WITH ALL FAULTS" without warranty of any kind. Without limiting the generality of the foregoing, there are NO WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE.

Payment Terms: 100% payment on sale days. Cash, certified checks, company checks only with letter of guarantee from bank, credit card, (3% Additional buyer’s premium added to all credit card transactions). All checks require a credit card back up. All items sold AS-IS. Auction company assumes no warranty or liability of any kind, whatsoever. Each buyer is responsible for their items or lots after bought. No reimbursements of any kind. *Real estate payment terms may vary.

In the event of non payment, bad check, or fraudulent payment of any kind, buyer agrees for Loomis Auctioneers to file a confession of judgment, and collect all damages. Not only limited to cost of goods, in addition to, but not limited to legal and collections fees, court costs and recovery fee. In the event the said purchases must be resold, the original buyer will responsible for the loss or shortfall, and all expenses associated to the second sale of the goods. Original buyers “holds harmless” Loomis Auctioneers and it staff from any and all liability, whatsoever.

10% Buyer’s premium added.

By registering for a buyer’s number you have agreed to the terms and conditions of this Auction.

Buyer’s Premiums are nonrefundable.

By bidding, each bidder acknowledges and agrees that such bidder has had a full and fair opportunity to inspect the items offered for sale, and is relying solely on the bidder's inspection and investigation. Each bidder further acknowledges and agrees that such bidder is not bidding based on any statements made by the Auctioneer.

Any merchandise or lots remaining after the auction will be considered abandoned and owner will lose all rights and title to the merchandise, unless agreed arrangements are made with owner or auction company. If merchandise is or is not paid for, abandoned by bidder / buyer. The buyer /bidder will be responsible for, but not limited to amount bid, collections, fees, legal fees, labor, and disposal fees. There are no rights of abandonment, whatsoever.

In the event of a NFS check, stop payment check, or any non sufficient or fraudulent non payment of any kind. Buyer irrevocably authorizes any attorney in any court of competent jurisdiction to confess a judgment without process in favor of Loomis Group Auctioneers for such amount as many then appear unpaid herein, and to consent immediate execution upon such judgment. Not only limited to cost of goods, in addition to, but not limited to all fees, commissions, buyer fees, court cost, legal fees, and hourly in house fees by auction company. Buyer “holds harmless” Loomis Auctioneers, and staff of all liability, whatsoever.In the event of NFS check, stop payment check, or any non sufficient or fraudulent non payment of any kind. Buyer agrees and irrevocably authorizes any attorney in any court of competent jurisdiction and confess judgment without process in favor of Loomis Group Auctioneers for such amount as may then appear unpaid hereon, and to consent immediate execution upon such judgment. Not only limited to cost of goods, in addition to, but not limited to all fees, commissions, buyer fees, court cost, legal fees, and hourly in house fees by auction company. Buyer “holds harmless” Loomis Auctioneers, and staff of all liability, whatsoever.

Buyers & Sellers agree to “hold harmless” Loomis Group Auctioneers, LLC staff and offices of any and all liability whatsoever.

Auctioneer(s) reserves the right to instruct the bidding increments, and set minimum bidding increments, prior to or during the bidding. Auctioneer(s) reserves the right to reject any or all bids, at their discretion.

ALL LOTS SOLD AS IS. NO REFUNDS, NO RENEGOTIATION, NO ARBITRATION, NO RETURNS, WHATSOEVER. All internet auction buys and transactions must be paid by credit card, or other pre approved payment methods within 2 business days of conclusion of auction. Any extended days without approval will be considered violation or breach terms & conditions. Loomis Auctioneers reserves the right to enforce the terms and conditions. Real estate terms may vary

Loomis Auctioneers Inc. reserves the right to, but not limited to, refuse, reject, strike, cancel, deny, any bidding, any registration, attempting to bid, buy, register, or other, for any reason, whatsoever. Loomis Auctioneers Inc. reserves the right to "Black List" any registered bidder for any reason, without liability, whatsoever. By registering to bid, you have read, understand and agree to this point, and all point of the terms and conditions on this site, and the attached terms flyer on this site. Do not register, and / or bid if you do not agree with all terms and conditions.

Real Estate buyers agreements are posted and available online, and available for review prior to auction dart or conclusion of auction. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement. DO NOT BID, if you have not read, agree to, or will sign said agreement or terms and conditions. DO NOT BID UNLESS YOU HAVE THE ABILITY TO PAY AT THE POINT OF SALE, FOR EACH AND EVERY LOT YOU THAT YOU ARE THE SUCCESSFUL BIDDER.