Corporate Surplus | Former Franchise Restaurant at I-275 Loveland, OH

Property Location MAP

663 Justice Court
(FKA 663 Service Road)
Loveland, OH 45140

Property #: KEY5125B

Contact Agent

Edward Durnil
Tranzon Asset Advisors

866-243-8243 taainfo@tranzon.com
Corporate Surplus: Former Franchise Restaurant at I-275
 
Sited at the SW quadrant of I-275 and Wards Corner Road, this +/-5,660 square foot former franchise restaurant is ideal for continued use as a restaurant, retail, hospitality or other commercial enterprise that would benefit from the area’s tremendous traffic. Subject to county approval. Features Include:
  • Traffic Counts:
    o   I-275: +/- 80,000 VPD
    o   Wards Corner Road: +/- 7,000VPD
  • This location benefits not only from I-275’s traffic but also from the Ward’s Corner corporate campus across the street and thousands of neighborhood rooftops
  • Situated on a 1.1-acre lot, currently sectioned to provide parking for 60 standard spaces and 3 designated handicap spots — ideal for high customer traffic
  • Equipped with commercial food service equipment such as stainless-steel prep counters, full-service cleaning station for high pressure heat cleaning, 2 flat top grills, grease transferring systems and full ventilation over each cooking station
  • Includes two walk-in freezers/refrigerators offering ample space for product storage and food preparation
  • Features a large pylon sign visible from I-275 and surrounding areas
  • Currently zoned I – Planned Industrial Park, under Clermont County Planning and Development. Allowing for a range of future usage such as restaurants, business or professional offices, research/development establishments, retail, hospitality and other commercial developments. Subject to county approval.
  • Last Annual Rent: $169,382.16
 
Parcel ID: 18-25-18B-230
2024 Clermont County Appraised Value: $522,600
2024 Annual Taxes: $15,536.70
 
This property is one of three former franchise restaurants in the Greater Cincinnati metro area. Click Here for the complete list. Registering to bid allows for bidding on any or all three of the locations.
 
Note to Buyers: Closing will be handled by Fidelity National Title’s National Commercial Services Division in Phoenix, AZ with Seller paying for Buyer’s title insurance. Closings are normally done remotely.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

Tranzon Asset Advisors, Edward D. Durnil, OH Auctioneer/Broker #200800096

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Edward Durnil

Edward Durnil: Tranzon Asset Advisors

866-243-8243 taainfo@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 40-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $9,900 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 1% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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