311 E Highland Rd, Macedonia, OH for Sale
Hospitality - FOR SALE
1/21
null | Request Cap Rate

311 E Highland Rd
Macedonia, OH 44056


HIGHLIGHTS

  • COURT ORDERED REAL ESTATE ONLINE-ONLY AUCTION
  • NO RESERVE AUCTION
  • Prime Location 2.28 Acres
  • Excellent Freeway Access

OVERVIEW

NO RESERVE AUCTION ending on December 13th, 2023 @ 3:00 pm EST By virtue of an order of sale issued from the Court of Common Pleas, Summit Co., OH, case #CV2021072067, we will offer for sale at public online-only auction the following located at: 311 E. HIGHLAND ROAD MACEDONIA, OH 44056 ONLINE BIDDING Starts: November 29th @ 9:00 AM Ending on: December 13th, 2023 @ 3:00 PM EST. FEATURING: Prime location of 2.28 +/- acres with a 32,832 sq ft 3 story building last used as an independent 121 room hotel. Excellent visibility on St Rt 8 with proximity to the city of Cleveland, Cleveland Hopkins International Airport, the city of Akron and other major freeways including I-77, I-480, I-71 and I-80. Currently zoned B-4 Highway Business District. Buyer is responsible for conducting their own due diligence. All information contained herein was derived from sources believed to be correct but not guaranteed. FOR COMPLETE DETAILS & TO BID, GO TO: www.georgeromanauctioneers.com NOTE: DO NOT TRESPASS ON THE PROPERTY OR DISTURB THE CURRENT OPERATIONS AND OCCUPANTS. Sheriff’s appraised value: $1,675,000.00. TERMS: The first sale resulted in a no bid/no sale. This property shall be offered without regard to the minimum opening bid requirement. A 6% Buyer’s premium will be added to the final bid to determine the purchase price. The purchaser shall be responsible for costs, allowances and taxes that the proceeds of the sale are insufficient to cover. Failure to comply with the bid process will result in contempt charges and forfeiture of entire deposit plus damages allowed by law. Deposit in the form of a wire transfer for $10,000.00 within 24 hours of the auction’s ending made payable to: In Title Agency. Buyer to pay all closing costs. Balance in full within (30) days from the confirmation of sale. SALE SUBJECT TO COURT CONFIRMATION. Property sold in As Is condition. Brokers recognized with 48 hour pre-registration.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

121

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NO RESERVE AUCTION ends on December 13th 2023

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

B-4

APN/PARCEL ID

33-03808

ASK ABOUT THIS PROPERTY

Chris RomanHoward Hanna Real Estate ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris RomanHoward Hanna Real Estate ServicesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.