Ohio Real Estate Auctions, LLC

FREIGHT HOUSE AUCTION

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FREIGHT HOUSE RESTAURANT AND ALL CONTENTS

This fantastic restaurant opportunity is coming your way on January 28th.  A staple in the Norwalk OH downtown area, locals and visitors alike have been "packin' the joint" for a long time.  Restaurant was profitable right up until they shut 'er down, stating "It's time for us to move on to bigger and better things."  Everything in the restaurant is just as it was left after the last night of operation.  Everything has been cleaned up & out, ready to open with little effort on the new owners.

Sells with an opening bid of $100,000. 10% down payment is due by wire, bank transfer, or direct deposit into our trust account. This amount will become your nonrefundable deposit. Contract signature and deposit must be made by 5 PM the day after the Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed or similar given at closing with no liens or back taxes.

Closing will take place with Ohio First Land Title Agency LLC, Andrea Robinson, President.  

Local phone = 440-365-2800
  
Bid increments as follows:

     $0 - $100,000                             $10,000 bid increment

     $100,001 to $300,000                $5,000 bid increment

     $300,001 to $400,000                $2,500 bid increment

     $400,001 and above                  $1,000 bid increment
  
When you place a bid, you can either place the minimum required bid or you may place a "Maximum Bid". If you place a maximum bid and hit the submit button, a box will pop up explaining the process and the software will bid for you in the increments stated above. If someone bids within the final 3 minutes of the Auction, the ending of the Auction will be extended by 3 minutes until all bids have been placed.