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Boston Heights - Land
Why Buy This Property
It is extremely rare to buy at auction beautiful, high visibility, wooded 202 Acres development opportunity strategically located in this developing corridor between Cleveland and Akron with zoning for retail/business, single-family and industrial. Recent area improvements to the south include the new Costco which opened 2016, 750,000 ft Arhaus World Headquarters & Distribution Center, the new Akron Children’s Hospital pediatric health and urgent care center, Baymont Hotel. To the east are many completed residential communities.
Don't miss this opportunity to join retailers, home builders, and office / industrial owners who have recently developed along the new State Route 8 highway at the crossroads of Macedonia - Boston Heights & NorthfieldTownship in Summit County.
LOCATION: Outstanding exposure and visibility to 45,000 VPD on the east side of State Route 8 the major highway connecting Cleveland and Akron, 1 mile southeast of I-278/SR 8 interchange, 1 mile north of I-80/SR 8 with a portion of the property in the Town of Boston Heights and Northfield Center Township in Summit County. The property is less than a half-mile south of the Macedonia retail hub including Lowes, Home Depot, Best Buy, Target, Burlington Coat Factory, Kohl’s, McDonald's, Chili’s, Jimmy John’s, Starbucks, Walgreens, Chick-fil-A and many more. The property is easily accessible from Hines Hill Road (South) and Twinsburg Road from the north. The property is 13 miles north of Akron & 18 miles southeast of Cleveland.
Description
| TRACT | ACRES | ZONING | MUNICIPALITY |
| A | 153 | Retail / Business | Boston Heights |
| B | 49 | Single-Family | Northfield Ctr. Twp. |
| TOTAL | 202 |
Property Location
Auction / Date / Time
June 09, 2020 2:00 p.m. CDTProperty Video
Offering Strategy
MINIMUM BID: $50,000 or $247/Acre - This property will be sold subject to the Minimum Bid and the Terms of Sale. This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.
Inspection Dates
This vacant land is available for viewing at your convenience. Inspection of the land is at your own risk. Seller nor seller's agent takes responsibility for any injury which may occur while inspecting the property. Please call 312-852-8523 Extension 101 if you have any questions.
Auction Location
Sealed Bid Auction- This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet is required to bid. Bidders are required to submit a wire-transferred auction deposit to the Title Company listed in the Purchase and Sale Contract and fill in and sign the auction Purchase and Sale Agreement in order to bid. See Bidder's Information Packet for more details.
Bids are to be delivered to Pamela Rose Auction Company, LLC with a copy to Fine & Company LLC via email to pam@pamelaroseauction.com and info@fineandcompany.comon or before 2:00 p.m. Local Time on June 9th. The bidding instructions are contained in Bidder's Information Packet. The Terms of Sale and the Purchase and Sale Contract are important for you to review and understand. Should you have any questions, please contact Fine & Company at 312.278-0600 extension 101.
Bids received after the bid deadline will not be eligible for consideration and will be returned to the sender.
Details
Certified Funds To Bid : $15,000
Buyer's Premium (Buyer's Fee) : 10% of the high bid
In Cooperation With : In cooperation with Pamela Rose Auction Company, LLC a licensed Ohio Real Estate Brokerage and Auction Company
Order Bidder's Information Packet
A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, environmental report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.
Bidder's Information Packets are available in PDF format for $30.00. To order your Packet click on the link below and download the Bidder's Information Packet Order Form or call us at 312-852-8523 ext. 101 or email us at <a href="mailto:info@fineand
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-852-8523
michael@fineandcompany.com
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
Licensing : Pamela Rose Auction Company, LLC is a licensed Ohio Real Estate Brokerage and Auction Company in cooperation with Fine & Company LLC
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.