Thursday – August 9, 2018 @ 6 PM
THE FAIRLAWN STEAKHOUSE
Thurs. – August 9, 2018 at 6:00 PM
The Fairlawn Steakhouse & 3 Income Producing Properties
925 Sweitzer St. – Greenville, OH 45331
Open House & Inspections on all properties will be on Saturday July 28th from 11am -3pm
Properties will be offered in 4 different tracts by using the multi-parcel auction method, both individually and combined being described as follows:
Tract 1): The Fairlawn Steakhouse – Located at 925 Sweitzer St. is this favorite restaurant among locals with an established reputation. It is located opposite from the Darke County Fairgrounds and Wayne Health Care and close to doctor’s offices and businesses in a high traffic area with a stop light intersection. This business and real estate is in a prime location to continue as a successful restaurant and bar and zoned General Business with the opportunity for other business such as office, retail, fast food, etc. The restaurant has just under 4,000 sq. ft. and inside seating for 150, outside deck seating for 30, and bar seating for 18. There is also approximately 60 parking spaces.
These 3 rental properties are on a month to month lease and generate $1500 in positive cash flow:
Tract 2): 115 Fair St. – Ranchstyle home with 2 bedrooms and 1 bath.
Tract 3): 111 Fair St. – Ranch style home with 2 bedrooms, and 1 bath.
Tract 4): 1000 Central Ave – 1950’s bungalow style home with 2 bedrooms and 1 bath.
Terms: A 10% buyer’s premium will be applied to the final bid to establish the contract sales price. $3,000 will be required down per tract on day of auction, with the balance due within 45 days from day of auction. Please visit our website www.midwest-auctioneers.com for more information and pictures. Bidders packets can be obtained by contacting our office at 937-548-2640.
**Note: Complete business liquidation auction of the Fairlawn Steakhouse restaurant and memorabilia will be held on Monday, August 13 at 10:00 am onsite. Please check website for info.**
Foley’s Fairlawn, LLC and PKM, LLC, Owners