Two-Building Commercial Property – 1.2 Acres – Zoned I-1

Friday, December 08, 2017
Chattel: 11:30 AM    -   Real Estate: 12:00 PM
Two-Building Commercial Property
1.2 Acres – Zoned I-1 – Needs Some TLC
City Of Ravenna – Portage County
Also Selling: Presses, Waterloo Toolbox,
800+ Tires – Pallet Racking – Loads Of Scrap

Absolute auction, all sells to the highest bidders on location:
338 N Diamond St Ravenna, OH  44266
Directions: From OH 59 take Diamond St. north. Or from OH 14, take Cleveland Rd., then south on Diamond St. to property.
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Dec 8_Diamond St2.pdf (749.93KB)

Great investment opportunity! Property includes 2 concrete block buildings with 12,306 total sq. ft. Building #1: Diamond Transmission features a large open space, office area and restroom w/ approx. 4,632 sq. ft. Three overhead doors, Reznor overhead heat and 3-phase electric. Currently rented for $600 a month plus utilities. Building #2: Former Rhino Tire Company features large open space, multiple offices and full bath w/ approx. 7,674 sq. ft. Two overhead doors, Reznor overhead heat & 3-phase electric. Zoned I-1, for many possibilities. Property includes loading dock and onsite parking. Both properties could use some TLC. Parcel #31-360-04-00-011-000, #31-360-04-00-015-000, #31-360-04-00-012-000, #31-360-04-00-014-000 on 1.258 acres. 415 ft. frontage. Public utilities. 1/2 year taxes $1,240.95. Great owner occupant or investment potential.

ALSO SELLING: 3-pc. Waterloo toolbox – elms mod. K3297, 150-ton press w/ dies – Theuber mod.395, 165-ton press w/trailer – engine stand – Rapat mobile conveyor – Ferro generator – coil reel – Lincoln arc welder – Yardman push mower – wood lathe – 20+ pieces of heavy duty pallet racking – pallet jack – Metabo grinder – Firestorm table saw – Briggs & Stratton edger – assorted hand tools – engines – car parts – 800+ poly tires incl. Amerityre, Monarch, Goodyear, Orbit & Stomper – loads of scrap.
Chattel TermsDriver’s license or State ID required to register for bidder number. Cash, Check, Debit Card, Visa, or Master Card accepted. 4% buyer’s premium on all sales; 4% waived for cash or check. Information is believed to be accurate but not guaranteed.
Real Estate Terms20% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price, which goes to the seller. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Auction Order OfPortage Community Bank

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Apprentice Auctioneer/Realtor: Ashley M. Ritchey
Email: adelgratta@kikocompany.com
Office: 330-453-9187 ext 103
Mobile: 330-495-3474
Fax: 330-453-1765
Auctioneer/Realtor: Brooks E. Ames
Email: brooks@kikocompany.com
Office: 330-455-9357 ext 144
Mobile: 330-703-2732

KIKO Auctioneers (330) 455-9357
2722 Fulton Dr. NW, Canton, OH 44718
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