Lot # : 1 - UPDATED COMMERCIAL BUILDING in HATFIELD, IN!

Online Only Auction
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Hatfield, IN 47634
Date(s)
7/29/2022 - 8/29/2022
AUCTIONEER INFORMATION
Catalog
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Bidding Notice:

NO BUYER'S PREMIUM WILL BE REQUIRED. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. While this does give you plenty of time to complete any financing that you may be ... Show More

Auction Notice:

Broker Participation: Qualifying real estate brokers may earn up to 3% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232.

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead UPDATED COMMERCIAL BUILDING in HATFIELD, IN!
Description
Commercial Building zoned B-3 Property Location: 8977 W OLD SR 66 HATFIELD, IN (Richland City - Spencer County); From Newburgh, IN go East on IN-66 E approximately 8 miles, then turn left onto Old State Rd 66 to destination on your right; or From Rockport, IN follow IN-66 W/Ohio River Scenic Byway West approximately 10 miles, then turn Right on Old State Rd 66 to the property on your left. - Convenient Spencer County Location! - Less Than 15 Minutes From Newburgh & Rockport! - Zoned B-3 General Business Zone! - 2,320+/- Square Feet Plus a Walk-Up 2nd Floor! - Formerly Pizza Depot & Hatfield Market! - Multiple Other Potential Uses Including Light Manufacturing, Warehousing, Pawn Shop & More! - Fantastic Investment Opportunity! - Court Ordered Auction! - Guaranteed Good Clear Title! - Up to 60 Days to Close! - No Buyer's Premium! Built in 1940, this property offers fantastic potential! It is Zoned General Business and could be the perfect spot for your new business or just a great place for storage. It features approximately 2,320 square feet of space on the main level including a large open area for seating, a smaller dining area which was going to be for private parties, two restrooms, a buffet space, kitchen area and more. The walk-up second floor/attic area is fully floored and provides lots of additional storage space. Other features, updates and amenities include newer metal siding and windows, new laminate flooring, a hood/Ansul system, some restaurant furnishings & equipment, public water and sewer, a sign, off street hard-top parking, covered front porch and more! Parcel #'s: 74-14-20-202-002.000-016 & 74-14-20-202-003.000-016 Brief Legal: Engles Add Pt Lot 5 & Lot 4 Approx Lot Sizes: 62'x145' & 30'x145' (Total 92'x145' or .306 Acre) Please see attached survey. Zoning: B-3 Approximate 2022 Taxes: $330 Per Semi Annual Installment Terms: No Buyer's Premium will be charged. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and subject to Seller / Court approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 3% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232.
Name UPDATED COMMERCIAL BUILDING in HATFIELD, IN!
Auctioneer
Sohn & Associates Ltd
Type Online-Only Auction
Date(s) 7/29/2022 - 8/29/2022
Auction Date/Time Info
Bidding Ends: MONDAY AUGUST 29th at 6:00 PM (Soft Close)
Preview Date/Time Preview: MONDAY AUGUST 22nd 3:00 - 5:00 PM Property Location: 8977 W OLD SR 66 HATFIELD, IN (Richland City - Spencer County); From Newburgh, IN go East on IN-66 E approximately 8 miles, then turn left onto Old State Rd 66 to destination on your right; or From Rockport, IN follow IN-66 W/Ohio River Scenic Byway West approximately 10 miles, then turn Right on Old State Rd 66 to the property on your left.
Checkout Date/Time The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days.
Location
8977 W Old SR 66
Hatfield, IN 47634
Buyer Premium NO BUYER'S PREMIUM!
Description
ONLINE ONLY COMMERCIAL REAL ESTATE AUCTION UPDATED COMMERCIAL BUILDING in HATFIELD, IN! Property Location: 8977 W OLD SR 66 HATFIELD, IN (Richland City - Spencer County); From Newburgh, IN go East on IN-66 E approximately 8 miles, then turn left onto Old State Rd 66 to destination on your right; or From Rockport, IN follow IN-66 W/Ohio River Scenic Byway West approximately 10 miles, then turn Right on Old State Rd 66 to the property on your left. Bidding Ends: MONDAY AUGUST 29th at 6:00 PM (Soft Close) Bidding Link: www.SohnAndAssociates.HiBid.com - Convenient Spencer County Location! - Less Than 15 Minutes From Newburgh & Rockport! - Zoned B-3 General Business Zone! - 2,320+/- Square Feet Plus a Walk-Up 2nd Floor! - Formerly Pizza Depot & Hatfield Market! - Multiple Other Potential Uses Including Light Manufacturing, Warehousing, Pawn Shop & More! - Fantastic Investment Opportunity! - Court Ordered Auction! - Guaranteed Good Clear Title! - Up to 60 Days to Close! - No Buyer's Premium! Built in 1940, this property offers fantastic potential! It is Zoned General Business and could be the perfect spot for your new business or just a great place for storage. It features approximately 2,320 square feet of space on the main level including a large open area for seating, a smaller dining area which was going to be for private parties, two restrooms, a buffet space, kitchen area and more. The walk-up second floor/attic area is fully floored and provides lots of additional storage space. Other features, updates and amenities include newer metal siding and windows, new laminate flooring, a hood/Ansul system, some restaurant furnishings & equipment, public water and sewer, a sign, off street hard-top parking, covered front porch and more! Make your plans now to bid your price on this unique Spencer County Property! Please note that while all offers will be considered, the sellers have guaranteed acceptance of any auction offer meeting or exceeding $20,000! Parcel #'s: 74-14-20-202-002.000-016 & 74-14-20-202-003.000-016 Brief Legal: Engles Add Pt Lot 5 & Lot 4 Approx Lot Sizes: 62'x145' & 30'x145' (Total 92'x145' or .306 Acre) Please see attached survey. Zoning: B-3 Approximate 2022 Taxes: $330 Per Semi Annual Installment Preview: MONDAY AUGUST 22nd 3:00 - 5:00 PM or Call for Appointment. Please read all Terms & Conditions online before bidding. If you have any questions or do not wish to bid online, please call us, and we will be happy to assist! Terms: No Buyer's Premium will be charged. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and subject to Seller / Court approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 3% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232. SELLER: Christopher Broshears AUCTIONEER: Trent Sohn #AU19700067; AC#30000226
TERMS (Please read complete terms & conditions online prior to bidding) No Buyer's Premium will be charged. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and subject to Seller / Court approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 2.5% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium NO BUYER'S PREMIUM!
Payment Terms
NO BUYER'S PREMIUM WILL BE REQUIRED. The successful online bidder will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. Buyer will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and subject to seller approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 2.5% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.