commercial real estate auction

Hillier Realty Auction & Appraisals

15 July, 2017 12:00 pm

Rt 11 to East on Kings Grave to South on Ridge. Warren Sharon west of Rt 193 to North on Ridge.

Commercial Real Estate Auction
 
Hodges Machine & Welding Shops
 
Saturday July 15 @ 12:00
 
Machines, Equipment & Tools Auction Starts @ 10:00 am
 
939 Ridge Rd
Vienna OH 44473
 
Property Consist of Three Manufacturing type Buildings totaling approx 7,500 sq ft and a rental house on 3.57 Acres
 
These Buildings were used as A Machinist Shop Buisness.
 
Building Sizes: Machine Shop 57' x 80' 4,560 Sq Ft
          Welding Shop Building 30' x 60' 1,800 Sq Ft
          Repair Shop Building  32' x 36' 1,152 Sq Ft
 
Machine Shop: Built in 1996, size 4,560 SF, Ceiling Height 24 ft, Floors 6" reinforced concrete, Jib Cranes (2)1 Ton, Air Compressor 7.5 & 10 HP w/ air lines, Lighting 8' Fluorescent, Walls Metal lined and insulated, Forced Air Heating & air Conditioning, Electric 220V-3PH-400 Amps shared with Repaired building, Air lines Available. I-Beams running length of building are certified to support 7 1/2 ton bridge crane,
 12' x 14' overhead door, Restroom.
 
Welding Shop building: Built in 1974, size 1,800 SF, Ceiling Height 15 ft, (2) Jib Cranes, Air compressor 5 HP w/ air lines, Lighting 8' Fluorescent, Walls Metal Lined and insulated, Forced Air  Heating & Air Conditioning, Electric 220V-3 PH-200 Amps shared with Repair shop building. Second floor Mezzanine office & lunch room. 12' x 14' overhead door.
 
Repair Shop Building: Built in 1974, Size 1,152 SF, Ceiling height 9 Ft, Air compressor 5 HP w/ air lines, Lighting 8' Flourescent, Heating Gas Reznor, Electric 220V-3 PH-100 Amp shared with weld building. 
 
Rental House on Property rents for $600 month.
 
Property site: 3.57 Acres, mostly all based parking area that was used for trucks, Septic that is inspected annually, well water, East Ohio Gas & Ohio Edison Electric. Gated Entrance. 
Zoning Grandfathered as Light Industrial. 
 
Rental Income monthly: Rental House $600, Truck Parking $250.
 
Trumbull County Parcel #16-068000, RE Taxes $2,013 1/2 year.
 
Check Back for More Details
 
Terms: Property will sell with a bid of $225,000 or higher, lesser bids subject to seller confirmation. 5% buyers premium added to bid price to complete contract price. $15,000 nonrefundable deposit from buyer at time of sale, make check out to Title Company of Warren, do not bring cash. Transfer of Title closing cost split 50/50 buyer & seller. Property sells as is with no contingencies. Any desired inspections must be completed prior to bidding.
 
Auctioneer: Ron Hillier
 
Hillier Auction & Appraisals
 
330 637-6363   rhillier@earthlink.net   www.hillierauctions.com
 
William Zamarelli Broker

Notes:

Terms: Property will sell with a bid of $225,000 or higher, lesser bids subject to seller confirmation. 5% buyers premium added to bid price to complete contract price. $15,000 nonrefundable deposit from buyer at time of sale, make check out to Title Company of Warren, do not bring cash. Transfer of Title closing cost split 50/50 buyer & seller. Property sells as is with no contingencies. Any desired inspections must be completed prior to bidding.

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Hillier Realty Auction & Appraisals, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.