WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Bank Owned Surplus – Income Producing Commercial with Tremendous Upside
Extensively renovated first floor with Class A finishes — recent top-to-bottom renovation delivers a turnkey, move-in ready ground floor with high-quality finishes that would cost a new investor significantly more to replicate, substantially reducing upfront capital requirements
Existing tenant providing immediate income — a current lease on a portion of the property generates cash flow from day one, offsetting carrying costs while the investor or owner-user executes a broader vision for the property
Low acquisition cost relative to improvement quality — the combination of Class A first-floor finishes, a stubbed-out second floor ready for customization, and an existing paying tenant represents a rare value-add profile at smaller-market investing
Surrounded by government and civic anchors — the Vinton County Courthouse, County Court, and multiple county offices are all located on or directly adjacent to Main Street, guaranteeing a steady stream of daily foot traffic from attorneys, government employees, jurors, and residents conducting county business
U.S. Route 50 corridor access — McArthur's position on U.S. 50 connects the property to a regional east-west corridor linking southeastern Ohio, with Columbus approximately 58 miles to the northwest and Athens Ohio to the east, providing accessibility well beyond the immediate village population
Regional Lender Orders Immediate Sale of Multiple Surplus Assets!
Multiple Locations for Auction in WV, KY, PA, OH & IN - Call Today for the List of Branches & Surplus Asset Properties!
Free & Clear Title Guaranteed – Title Insurance Available!
Tranzon Asset Advisors, Edward D. Durnil, OH Auctioneer # 20050000031/ OH Real Estate Broker # 2004021020
10% Buyers Premium based on the high bid.
Property preview: May 6th at 10:00am ET
Online bidding ends May 13th at 1:00pm ET
Contact Edward Durnil at 866-243-8243 or taainfo@tranzon.com
