Commercial Property Auction

Former Restaurant & Bar


6,750 sf Commercial Building and 12,000 sf Parking Lot selling to the HIGHEST BIDDER, REGARDLESS OF PRICE!

Zoned C-2 Commercial

Frontage on US 19 in downtown Umatilla, FL

Auction on site and online 10/10/19 11:00 am

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 10/10/19 at 11:00 AM EDT
Ended: 10/10/19 at 12:00 PM EDT
Location: 605 North Central Ave, Umatilla, FL 32784

Story:   “Since we no longer have intention to further develop this commercial property, we have authorized Ewald Auctions to offer these properties to the public auction to the  HIGHEST BIDDER, REGARDLESS OF PRICE! No Minimums!@ No Reserves!!”

 

COMMERCIAL BUILDING and VACANT COMMERCIAL LOT

 

Parcel A

6,750sq ft building

Built in 1926

13,300sf corner lot

Zoned C-2; General Commercial and Warehouse District

Located in the Five-Points Downtown Overlay District

Former restaurant and bar

City water and sewer

FDOT Average Daily Traffic Count: 12,700vpd

 

Parcel B

12,000sf commercial corner lot

Zoned C-2; General Commercial and Warehouse District

Located in the Five-Points Downtown Overlay District

City water and sewer

Completely cleared current parking lot

 

Permitted Uses:

  • Hotels/Motels
  • Bar, Lounge & Night Club
  • Restaurant
  • Offices
  • Equipment Rental
  • Retail Sales and Services
  • Medical Office/Clinic
  • See zoning for more.

 

ALSO SELLING (On-Site ONLY):

Complete Restaurant Location including coolers, freezers, stove, stainless sinks, hood system, microwaves, booths, tables(hi-tops and low), chairs (bar stools and regular) and more! Too much to list.

 

 

Terms and Conditions

ALL Property:

  • ALL PROPERTY is selling to the Highest Bidder Regardless of Price with NO Minimums and NO Reserves!
  • All property selling on an ‘AS IS, WHERE IS’ basis, with no warranties of any kind, express, implied, or otherwise.
  • Inspection of real property by appointment only on the restaurant and at your convenience for the lot.
  • Auction to be conducted on site, rain or shine.

 Real Estate:

  • 10% Buyer’s Premium to be charged on Real Property.
  • $20,000 cash or cashier’s check must be displayed to bid at the auction.
  • 10% deposit or $20,000, whichever is greater, due the day of the auction.
  • Balance due at closing within 30 days of the auction.
  • NO contingencies to closing.
  • ALL closing costs at the expense of the buyer.
  • All taxes, both current and delinquent, to be paid by buyer at closing.
  • Possession with Deed.

 Restaurant Equipment:

  • Payment in Full Day of Auction.
  • 13% Buyer’s Premium to be charged on Personal Property.
  • 3% discount for cash or cashier’s check.
  • Removal of items day of auction and by appointment only.
  • Payment by cash, cashier’s check, Visa or Master Card.
  • Inspection one hour prior to auction.

 Announcements made at the auction take precedence over printed matter.

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Ewald Auctions

http://ewaldauctions.com

12472 Lake Underhill Rd Orlando, FL 32828

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