public REAL ESTATE

AUCTION

reserve/minimum bid: $134,000 (+BP)

bidding extended

Location: 110 N. Rosina Avenue Somerset, PA 15501

Public Open House: To schedule a private showing contact Nolan or Bob, or click the button below.

PROUDLY WORKING IN

COOPERATION WITH

RE/MAX TEAM, REALTORS

THE BOB COLVIN TEAM

814-262-7653

Contact: Nolan Bell (814)691-1601 or nolan@biddynamic.com | Bob Colvin (814) 421-5643 or rcolvin@remax.net 

Guaranteeing a marketable and insurable title free and clear of liens, or the option for your deposit money back!

Property Information:

A recently remodeled income-generating commercial property in a prime location in Somerset, on the corner of W. Main Street and N. Rosina. It is a large corner lot with plenty of parking!

  • Zoning: Commercial
  • Gross Building Square Feet: 2,502
  • Stories: One
  • Parking: Off street parking lot, and on street parking
  • Parking Spaces: 38, paved private parking lot (income-generating parking spaces)
  • Contingency: None
  • Municipality: Somerset Boro
  • School District: Somerset Area School District
  • County: Somerset County
  • Approx Acres: 0.4
  • Lot Size: 132 x 188
  • Approx Gross Taxes: $3,760
  • Sewer Type: Public Sewer
  • Water Sources: Public
  • Heating: Forced Air
  • Fuel Type: Gas
  • Cooling: Central Air
  • Roof Type: Metal
  • Basement: Partial Basement
  • Construction: Block

Property offered "AS-IS" with no contingencies, other than the guarantee of a marketable and insurable title at the time of settlement. 

Cash to Seller - (Traditional Financing Accepted as a form of payment at settlement)

Buyers Premium (BP) Applies: 10% of the high bid amount will be added to the high bid amount to achieve the total purchase price. This is how the final purchase price is calculated. 

Example: (high bid amount, amount due at closing) 100,000 + 10,000 (buyers premium) = 110,000 (total purchase price)

$7,000 Non-refundable deposit due at signing: The remainder is due at the time of (traditional) closing. 45-60 days to close. 

Brokers/Agents welcome. Offering 30% of our earned Buyers Premium/Commission! Buyer Broker commission is offered to licensed real estate agents, subject to Dynamic Auction Groups broker participation terms and conditions. Buyer broker commission is a percentage of the earned buyers premium (see above "Buyers Premium terms") paid to any agent who's buyer successfully closes on the property in accordance with Dynamic Auction Groups terms and conditions. Click the button below for details on broker participation terms or to show the property. 

Real Estate Auction Sales Agreement: High bidder must be available immediately following the auction to complete and execute a no contingincies PA - Real Estate Auction Sales Agreement

Notice: All bidders must be available to communicate via telephone within the 30 minutes leading up to the auction's end time. Failure to communicate with the auctioneers at their request could result in the decline of you registration and bids.


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