Second Sale Date:
Thursday, May 2nd @ 12:00 PM
More Information
Bidding starts at $330,000 based on a $495,000 appraisal. Currently a Vet Clinic operating as Pet Lovers Animal Hospital. Built in 1981. The property is ideal for veterinary or other animal related uses. The building has a reception/waiting area, 3 exam rooms, x-ray room, surgery room, large treatment area, existing kennels with 6 cement block runs, grooming area with bathtub, and basement office and storage. Brick one level building with 2,176 SF on full basement & sitting on .42 Acres. Monument signage. All of the business assets will transfer with the real estate at no additional charge. There are a few items that are leased that will not transfer such as 2 lasers and a dental machine.
The business is currently active. The Dr. wishes to lease back from the new owner if possible. Suggested monthly lease would be $2,500. She would alternatively like to sell to another Vet practice and possibly work part time. Let the Auctioneer know if you would like a private meeting with the Doctor to discus.
Lot Size: .42 Acres
Annual Taxes: $6,956
Plaintiff
First Merchants Bank
Defendant Name
Fryer Properties, LLC
Attorney
Mason Schilling and Mason
Viewing Dates
The business is currently operating as a Vet Clinic. Please do not bother the tenant.
Property Map
Basic Terms:
* This is a Foreclosure Auction ordered by the Franklin County Common Pleas Court. The foreclosure process intends to clear all liens and encumbrances on the subject property. You are encouraged to purchase Title Insurance at closing for an extra layer of protection.
* The property sells with a minimum opening bid of $330,000.
* The required deposit is 10% of the high bid.
* The successful bidder will be required to wire or direct deposit the above amount into the trust account of Ohio Sheriff Sales by 5:00 pm day of auction. If the deposit has not been made by stated time, the purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 10% processing fee.
* The real estate is sold As-Is with no contingencies.
* Closing required within 30 days of court confirmation.
* No contract is signed after the auction. A one-page Purchaser Information Form is the only document that is required by the Court. See the Documents section of this listing 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 or equivalent given at closing.
* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. This generally only comes into play when a property goes to the 2nd auction with no minimum bid, or the property sells for less than is owed for back taxes and court costs.
* BUYER 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 penalties including being found in contempt of court.
* CASH ONLY SALE: All sales are considered CASH ONLY with no contingencies. You MAY be able to obtain financing on properties where interior access is available. Banks and Mortgage Co’s will only lend on properties when they can receive an interior appraisal. Keep in mind, the purchase of the property is not contingent upon the result of the appraisal or being denied for financing. The property is being sold AS IS with no warranties or guarantees.
* BIDDING NOTES:
Bid Increment: Required bidding increment is $100 up to $50,000, then $500 up to $100,000 and $1,000 thereafter. Max Bid: When bidding, you can place a "Max Bid" and the automated bidding software will bid for you in the required increment up to your stated maximum. You will be notified by email and or text if your maximum is exceeded by another bidder. Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend back out to 5 minutes. Bid extensions will continue until a 5-minute period of time elapses after the stated auction end time with no advance in the bidding.
Further Terms:
Franklin County Foreclosure Case# 23cv008108. First Merchants Bank vs. Fryer Properties, LLC. Subject property: 6425 E. Livingston Ave. Reynoldsburg, Oh 43068. See www.OhioSheriffSales.com for full info and legal description. Bids will be accepted only through said website. Bidding will open a minimum of 7 days prior to the auction ending on May 2, 2024 at Noon. A deposit of 10% of the high bid is required. Purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. The Appraised amount is $495,000. The Opening bid is $330,000.
Pursuant to the Order of Possession set forth in the Entry and Order of the Franklin County, Ohio Court of Common Pleas entered on February, 24, 2024, the prevailing Bidder /Buyer for the Premises agrees to acquire all of the business assets, furniture and equipment located at or affixed to the Premises. Buyer shall pay any and all sales, use, property, transfer and other similar taxes and any licensing fees imposed by the sale of the FF&E directly to the appropriate taxing or licensing authority.
THE BUYER HEREBY AGREES AND ACKNOWLEDGES THAT THE FF&E LOCATED AT THE PREMISES IS BEING SOLD TO BUYER “AS IS”, “WHERE IS” AND “WITH ALL FAULTS.” PSO AND FIRST MERCHANTS BANK, AN INDIANA BANK, AND/OR THEIR AGENTS, EMPLOYEES, ATTORNEYS OR AFFILIATES, MAKE NO WARRANTY IMPOSED BY LAW OR REPRESENTATION, EXPRESS OR IMPLIED, AS TO THE DESIGN, OPERATIONS, MERCHANTABILITY, FITNESS, OR CONDITION OF SAME, OR AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP OF ANY OF THE FF&E AT THE PREMISES, AND THE BUYER FURTHER AGREE AND ACKNOWLEDGE THAT THE PSO AND FIRST MERCHANTS BANK MAKE NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, AS TO FITNESS OF THE FF&E LOCATED AT THE PREMISES AS TO ANY PARTICULAR PURPOSE OR ANY OTHER WARRANTY OR REPRESENTATION AS TO ANY PART OF THE FF&E AT THE DELIVERY LOCATION WHATSOEVER. THE BUYER ACKNOWLEDGES THAT THE FF&E AT THE PREMISES IS USED AND SECOND HAND AND THAT THIS DISCLAIMER IS PART OF THE BARGAIN. PSO AND/OR FIRST MERCHANTS BANK SHALL IN NO EVENT BE RESPONSIBLE FOR DAMAGES ARISING IN STRICT LIABILITY OR FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, HOWEVER ARISING, WITH RESPECT TO ANY PART OR PORTION OF THE FF&E AT PREMISES, AND THAT THE RISK OF LOSS SHALL BE BORNE BY THE BUYER AS OF THE SALE DATE FOR THE PREMISES.