Great for hotel site or any suitable commercial development. 3.6 Vacant Acres located at the SE quadrant of I-270 and Roberts Rd. on Columbus' West side. Located between Woodspring Suites and The Original Mattress Factory. Aprox. frontage is 477 feet. Zoning is C4, H-35. Z-74-109. See document section for permitted uses of C4. (heavy commercial)
Lot Size: 3.6 Acres
Annual Taxes: $35,697
Phoenix REO, LLC
Champakbhai Patel, et al
LINKSColumbus zoning code
Lead AuctioneerBarry Baker
Southeast Intersection of I-270 and Roberts Road. Go East on Roberts Road to South on N. Wilson. The land is located between Woodspring Suites and The Original Mattress Factory.
*This is a Foreclosure Auction ordered by a County Common Pleas Judge. The foreclosure process clears all liens and encumbrances on the subject property.
*The property sells with a minimum opening bid of 2/3 of the appraised value. Appraised value is $1,059,000. Opening bid is $706,000.
*The required deposit is $10,000 by 5pm day of Auction.
*If the property is being sold Online, the successful bidder must wire or directly deposit the required amount into the Chase Bank trust account for Ohio Sheriff Sales by 5 PM the day of auction. Credit cards may also be taken for the deposit along with a 3% processing fee.
*The real estate is sold As-Is with no contingencies. All inspections (if available) must be done prior to Auction.
*Close within 30 days of court confirmation.
*No contract is signed after the auction. A one-page buyer information form is the only document that is required by the court. See http://www.ohiosheriffsales.com/download_forms for the form.
*A 10% buyer's premium will be added to the high bid to obtain the final selling price.
*Buyer pays all closing costs.
*Private Selling Officer deed given at closing with no liens or back taxes.
*The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover.
*Bid increment for Online Bidding is $100.
*When you place a bid, you can place a "Max Bid" and the software will bid for you in $100 increments. You will be notified by email if you are out-bid.
*Bid Extensions: If a bid is received within the last 5 minutes of the Auction end time, bidding will extend for a 5-minute period of time. Bid extensions continue until all bidding is exhausted.
*Default: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and possibly be found in contempt of court.