Second Sale Date:
Wednesday, July 13th @ 12:00 PM
More Information
This Auction has been POSTPONED FROM JUNE 29 UNTIL JULY 13.
This Auction has been POSTPONED FROM JUNE 15 UNTIL JUNE 29.
This Auction has been POSTPONED FROM JUNE 1 UNTIL JUNE 15.
This Auction has been POSTPONED FROM MAY 18TH UNTIL JUNE 1.
This Auction has been POSTPONED FROM APRIL 20TH UNTIL MAY 18TH.
Appraised at $6,900,000. Bidding starts at $4,600,000. Envision Cinemas in Blue Ash. Hamilton Co. 7 Cinema Movie Theater plus a full Restaurant and a large bar area. Full professional kitchen. Large Indoor dining area plus an Indoor-Outdoor dining area with retractable roof. Outdoor seating also with great views of the pond. Previous area used as an arcade. FF&E sell separately. 2 parcels with 5.658 total acres. Auditor value is $6,910,440. Finished square footage is 37,891. Originally open in Feb. of 2016.
Personal property that is considered fixtures and will remain part of the real estate and transfer at no extra cost to the new buyer are Theater seats, all walk in coolers, the pizza oven and the grill hoods. All other items of personal property will be subject to a separate Auction about 4 weeks after the real estate sells.
Lot Size: 5.658 Acres
Annual Taxes: $181,416
Plaintiff
Live Oak Banking Company
Defendant Name
Cornell Road Investors, LLC
Attorney
Reimer Law
Viewing Dates
Text the Auctioneer with your name and the address of the property you wish to see and we will schedule an appointment for you. 937-581-3037
Documents
Property Map
Lead Auctioneer
Barry Baker
Directions:
This Auction has been POSTPONED FROM JUNE 29 UNTIL JULY 13.
This Auction has been POSTPONED FROM JUNE 15 UNTIL JUNE 29.
This Auction has been POSTPONED FROM JUNE 1 UNTIL JUNE 15.
This Auction has been POSTPONED FROM MAY 18TH UNTIL JUNE 1.
This Auction has been POSTPONED FROM APRIL 20TH UNTIL MAY 18TH.
Basic Terms:
*This is a Foreclosure Auction ordered by the Hamilton County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the subject property.
*The property sells with a minimum opening bid of $4,600,000.
*The required deposit is 10% of the high bid and must be wired into the trust account for Ohio Sheriff Sales by 5pm the day of the Auction. Wiring instructions will be provided to the high bidder.
*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 THIS LINK for the form.
*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. (This would typically only be in effect for a property that sells for less than the amount of taxes that are owed.)
*Bid increment for Online Bidding is $10,000.
*When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $10,000 increments. You will be notified by email and text 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.