HIGH VISIBILITY ROUTE 40 COMMERCIAL PROPERTY; CAR REPAIR SHOP/BUILDING

Inspection:  By appointment & 1 hour prior to auction.

Real Estate: Commercial corner lot fronting approx. 199ft along Rte. 40 with great traffic count and exposure. Improved by block car repair building approx. 30ft by 60ft. Small office, customer service area, and 3 service bays with lifts. Approx. 1,600 interior sq. ft. Bathroom with exterior entrance. Flat tar roof in need of repairs. Compressor in building. Oil FHA heat. Public water & sewer.

Auctioneer’s Note: Broker co-op invited. Owner financing available for qualified purchaser. 15% down on total purchase price (Bid Price + Buyer’s Premium). 15 year Am. 6% interest rate. Full terms announced day of sale. Property lends itself to a variety of commercial uses.

RE Terms: $10,000.00 down in cash, cashier’s check or certified funds at time of sale. 10% Buyers Premium, Sold AS IS, time is of the essence, 60 days to settle.

• RE TERMS:  $10,000.00 DOWN IN CASH CASHIER’S OR CERTIFIED FUNDS TODAY WITH AWARD OF HIGH BID.

• 10% BUYERS PREMIUM ADDED TO SALE PRICE.

• DEPOSIT HELD IN ESCROW AND APPLIED AGAINST THE PURCHASE PRICE.

• SETTLEMENT ON OR BEFORE JUNE 13, 2023; TIME IS OF THE ESSENCE.

• TAXES AND ALL OTHER CHARGES AGAINST THE PREMISES WHICH OCCUR ON AN ANNUAL BASIS ARE ADJUSTED TO THE DATE OF SALE AND ASSUMED THEREAFTER BY THE PURCHASER. 

• NO INTEREST TO BE CHARGED FROM THE DATE OF AUCTION TO THE DATE OF SETTLEMENT.

• THE COST OF ALL-DOCUMENTARY STAMPS, RECORDATION TAX AND TRANSFER TAX IF REQUIRED BY LAW ARE TO BE PAID BY THE PURCHASER. 

• THE PROPERTY IS BEING SOLD AS IS WITH NO WARRANTIES OR GUARANTEES WHATSOEVER OTHER THAN THE TITLE TO THE PROPERTY TO BE FREE AND CLEAR OF ANY LIENS OR MORTGAGES AT SETTLEMENT. AS IS PORTION OF CONTRACT WOULD INCLUDE THE CONDITION OF ANY WELL & SEPTIC SYSTEMS AT OR IN USE ON THE PROPERTY.

• TAXES ON THE PROPERTY FOR THE YEAR 2023 ARE APPROXIMATELY: