Real Estate Auction
Wednesday, December 9th @ 10:00AM On-Site
476-482 South Front St
Columbus, OH 43215
Brewery District / Columbus, OH
Property Description: A 100% Leased Commercial Investment Property being a 6,526 square foot historic building with 0.644 acres located in the Brewery District in downtown Columbus, Ohio. The building is predominantly a retail location with bar / restaurant as the main occupant, and also contains offices on the east side of the property.
The zoning is commercial (430: Restaurant or Bar) and the property is located in Franklin County Ohio.
A D5/D6 liquor license is in place with the existing tenant and could revert back to the new owner of the property. The two existing tenants are on long term leases and the building contains a stable NOI. The building may possibly be made available for a buyer who wants to also occupy the building, subject to negotiations with the Tenants. Please do not disturb the Tenants.
The building is part of the historic Brewery District and is surrounded by mixed use properties, including high end condos and apartments, retail and office. Ample street parking is available on Front Street as well as a six story garage immediately south of the building.
This is a great opportunity to purchase an income producing property at a greatly reduced price! Seller is very motivated.
Rare Opportunity To Own Historic Building in Brewery District with Upside
100% leased office and retail space in Brewery District with brick walls, large windows, large outdoor patio areas, and lots of character
Parking available in either surface lots or neighboring parking garage
Close to freeways and downtown
Recently remodeled with new leases
Upside potential with new Kroger, new apartments and condos in area, the Grange Insurance expansion, the new Franklin County Courthouse, and the Whittier Peninsula development
Auction Terms: Property sells subject to confirmation. Sold As-Is with no contingencies for inspection, financing or otherwise. Prospective bidders are strongly encouraged to arrange financing and conduct all desired inspections prior to auction day. A 10% Buyer's Premium will be added to the final bid to establish the contract sale price.
Deposit & Closing: Registration to bid will require a $30,000 cashier's check made payable to Ohio Real Estate Auctions, LLC. Successful bidder will leave check on deposit and must close within 30 days. Time is of the essence.
REALTORŪ Participation: Buyer Broker Participation is welcome and expected. For complete requirements, please see the Realtors Only Section of our website for full details on compensation. Feel free to call auctioneer with any questions.
Viewing Dates: Tuesday, December 1st 10:00AM to 11:00AM & Monday, December 7th 10:00AM to 11:00AM & 30 minutes prior to auction.
Auctioneers: Michael Hoffman. Hoffman@OhioRealEstateAuctions.com 614-314-0298, Tim Lile. Tim@OhioRealEstateAuctions.com 937-689-1846 or Greg Frey, Apprentice 614-206-2500.
Marketed
in conjunction with Alterra Real Estate Advisors
www.OhioRealEstateAuctions.com
