AUCTION: Friday 02 August 2019 @ 1pm
## AUCTION LOCATION: Conducted in Chillicothe Intermediate School, 345 Arch St. ##
PROPERTY LOCATION/DESCRIPTION:
Former Allen Elementary School property located at 174 Plyley's Lane, Chillicothe, Ohio
==> Building shown in aerial photo/sales plat was demolished & grading, etc. is nearly complete <==
9.7 acres of flat to rolling terrain available in up to 5 tracts of 1.4 to 2.4 acres
R-1 (single family residential) Zoning
5 tract configuration is approved by the city. Other configurations or further subdividing requires new owner to request additional city approval after closing -- which may or may not be granted.
Tracts offered Multi-Parcel: individually, in any combination & all together
BASIC TERMS & CONDITIONS (Also see attached bidder packet & draft purchase agreement) :
Seller has the option to accept or reject any &/or all bids
$10,000 earnest money deposit PER TRACT (or $50,000 IF Sold as a whole) due at the auction, balance not later than 13 September 2019. NO FINANCIAL OR SIMILAR CONTINGENCIES.
Seller provides basic owners title insurance. If a new survey/description is required, Buyer pays $500 per tract.
Contact Steve Hummel for additional information: 740.649.9634 or hum@auctionohio.com
