Absolute Online Only Auction

Click here for more information and to register!

107 Utica St. Hamilton, NY 13346 (Madison County)

1,710±SF Restaurant Building on .5± Acres

Selling Online Only

Wednesday, November 15th at 2:00 PM ET

Closing Deadline: December 14th, 2017

Inspection: Wed, Nov. 8 at 3:00 PM & Wed, Nov. 15 at 11:00 AM ET SHARP

Sale Manager: David Kent

Property Description:

This 1,710±SF former restaurant, built in 1982 on .5± acres, consists of typical "family-style" dine-in  construction with a red metal "hat" roofline and angular window design. Located in the Village of Hamilton, zoned Planned Business, the asset is located 1.5± miles from Colgate University in a mixed residential and commercial area of Hamilton. In close proximity to the historic Village of Hamilton, with 100 feet of frontage on the main road, the asset is in a small retail cluster that includes a McDonald's, Dollar General, Big Lots, various shops, restaurants, churches, and hotels. The restaurant has 32± striped parking spaces spaces, two of which are market handicapped, and small storage shed on the parcel to be sold.

An April 2004 Phase 1 Environmental Report revealed no evidence of environmental conditions likely to warrant mitigation.

Building will be re-painted prior to auction to de-brand.

Tax Map ID: 153.19-1-35

2017 County/Town/School/Village Taxes Total: $16,676.58

Electric: NEW YORK STATE ELECTRIC & GAS

Gas: NEW YORK STATE ELECTRIC & GAS

 

812 Hamilton St. Geneva, NY 14456 (Ontario County)

2,074±SF Restaurant on .8± Acres

Selling Online Only

Wednesday, November 15th at 2:00 PM ET

Closing Deadline: December 14th, 2017

Inspection: Monday, November 6 & Monday, November 13 at 11:00 AM ET SHARP

Sale Manager: David Kent

Property Description:

The 2,074±SF former restaurant, built in 1976 on .8± acres, consists of typical "family-style" dine-in construction with a red metal "hat" roofline and angular window design. An official survey of the site lists the footprint of the building as 2,132 SF and a building height of 20.9 feet. Locally referred to as 815 Hamilton St. the parcel has a physical address of 812 NY State Route 5, with 150 feet of frontage on this main road headed through Geneva. Zoned B1 - General Business, the asset neighbors a KFC/Taco Bell, and is located in a retail district that includes numerous national restaurant chains, local restaurants, banks, a Tractor Supply, Big Lots, Walmart Supercenter, etc. The restaurant has 39± striped parking spaces, including one marked handicapped, and a small storage shed on the parcel to be sold. The parking lot also has access to another 12± spaces located on the adjoining parcel that isn't included in this auction. Please see Easement and Restriction Agreement regarding parking lot.

An April 2004 Phase 1 Environmental Report revealed no evidence of environmental conditions likely to warrant mitigation.

Building will be re-painted prior to auction to de-brand.

Tax Map ID: 103.04-1-25.300

2017 County/Town/School/Village Taxes Total: $18,934.45

Electric: NEW YORK STATE ELECTRIC & GAS

Gas: NEW YORK STATE ELECTRIC & GAS

Telephone: Finger Lakes Technology Group

Watershed: Seneca Lake

 

This auction features a grouped bid extension - please see details in terms below.


Terms:  Bank Proof of Funds Required to Bid, 10% Buyer's Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by December 14th, 2017.  Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.

All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.

This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.


With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.

with