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Bank Owned Surplus | Income Producing Commercial Bldg., McArthur, OH

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PROPERTY LOCATION 109-115 W. Main Street
McArthur, OH 45651

Under Contract

Overview

Bank Owned Surplus | Income Producing Commercial Bldg. McArthur, OH

Property Location MAP

109-115 W. Main Street
McArthur, OH 45651

Property #: TAA2615C

Contact Agent

Edward Durnil
Tranzon Asset Advisors

866-243-8243 taainfo@tranzon.com

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Description

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!
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Tranzon Asset Advisors, Edward D. Durnil, OH Auctioneer # 20050000031/ OH Real Estate Broker # 2004021020

Terms & Conditions

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: 35-Day closing, sold in As-Is, Where-Is condition, no contingencies.
Deposit Amount: 10% deposit of the Total Sale Price in guaranteed funds.
Buyer Agent Compensation: 2% 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.