Seller Ordered Online Auction - Former 7,658 +/- SF Restaurant/Tavern on 1.32 +/- Acres in Corbin City, Atlantic County
Timed auction by Warner Real Estate & Auction
Starts Nov 12, 2022 10:00 AM EST. Ends Nov 18, 2022 1:00 PM EST
119 Route 50, Corbin City, NJ 08270 Previous 7,658 +/- SF Restaurant/Tavern on 1.32 +/- Acres Property Type: Restaurant/Tavern (Seats 300 Guests) Block 405 Lot 14 1.32 +/- Acres with 410 +/- Feet of Road Frontage on Route 50 One-Story 7,658 +/- SF Masonry and Wood-Frame Building (Constructed 1980, Renovated 2005) Parking: Off Street, Parking Lot (80+ Cars) Foundation: Concrete Crawl Foundation Framing: Concrete Block and Wood-Frame Floor Cover: Wood Deck on Wood Joists Exterior Walls: Vinyl Siding Roof: Gable Roof Structure w/ Faux Cedar Shake Asphalt Roof Covering Rain Conductors: Aluminum Gutters and Downspouts HVAC Systems: Multiple Gas Fired Forced Hot Air & Central Air Units Utilities Available: Electric, Cable, Phone Water Source: Private Sewer Source: Private Zoning: VC (Village Commercial) Personal Property: Included – Walk-In, Refrigerator, Freezer, Oven, Grill, Ventilation Hood, Dishwasher, Tables, Booths, Stainless Steel Sink Assessed Value: $984,400 Taxes: $19,333.62 Tax Year: 2022 Municipal Website & Phone: https://sites.google.com/view/corbincitynj or 609-701-0200 For a virtual tour, click here. Attention Prospective Bidders: Please note the information can be downloaded from the Documents tab. Please review same before bidding. Should you have any questions call our office at 856-769-4111 ext. 710. STARTING BID: $100,000 PROPERTY INSPECTION: Sunday, November 6, 2022, 11:00AM to 1:00 PM or By Appointment with a NJ Licensed Real Estate Agent or Broker IF YOU: – Have any questions about this property – Need help registering for the auction – Need assistance placing bids – Have concerns about the online bidding process – OR any other questions PLEASE CONTACT WARNER REAL ESTATE & AUCTION Online Only Auction - Only $100,000 Starting Bid! Bidding will close Friday, November 18, 2022 at 1:00 PM Summary of Terms: PROPERTY INSPECTION: Sunday, November 6, 2022, 11:00AM to 1:00PM or By Appointment with a NJ Licensed Real Estate Agent or Broker Buyer’s Premium: 10% Buyer’s Premium based on the high bid. Auction Type: Sale Subject to Seller Approval Closing: Within 30 days of Seller Approval, Sold “AS-IS”, No Contingencies, Cash Sale Initial Escrow Deposit: $20,000, by Federal wire transfer in U.S. (not an ACH Credit). Broker Co-Op: 2% of the bid price will be paid as a Buyer Broker commission to the Broker registered Buyer’s offer is accepted by the Seller and closes on the property. Agency Disclosure: Warner Real Estate & Auction Company represents the seller in this real estate transaction. Disclaimer: Information contained herein is believed to be correct to the best of the auctioneer/broker’s knowledge but subject to inspection and verification by all parties relying on it. Sellers, their representatives, and auctioneer/broker shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate.