Lancaster Sales Auction DAY 1

Tuesday, December 5, 2017 @ 10:00 AM

Auction Address:
1375 Old Logan Road,
Lancaster, OH 43130
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Brief Description:

HUGE 2 Day ABSOLUTE Liquidation Auction *  Day #1: Tues., Dec. 5, 2017 * 10:00 AM  * ALL REAL ESTATE  (Lancaster & Logan, Ohio)  + Lancaster, Ohio Store Inventory & G.I. Depot Inventory  will be auctioned at 1375 Old Logan Rd., Lancaster, OH 43130.  Lancaster locations are at a stop light! Logan store is in the heart of retail commerce! HIGHLY VISABLE!!!  

Day #2: Weds., Dec. 6, 2017 * 10:00 AM * 1266 W. Hunter St., Logan, OH 43138 * Logan Store Inventory ONLY

But if you just can't wait, Make an Offer & Buy It TODAY....Now until Nov. 13, 2017.    

The inventory will be sold in large department store lots!! Only the Real Estate will be offered live onsite & via online bidding through & Tri-State Auctioneers with a 3% buyer's premium for ON-Line real estate buyers.

No buyer's premium for onsite bidding. No online bidding for inventory.      Live auction only of the Inventory of the department store merchandise:  Hardware * Electrical * Plumbing * Hunting * Fishing * Tools * Military Surplus * Clothing * Camping & much more!!!  NOTE: Bring your trucks, trailers and semi's! You're going to need them! 


Building & Real Estate:

Tract 1: 1375/1377 Old Logan Rd. Lancaster, OH 43130      2 Buildings currently utilized as Lancaster Sales & The GI Depot retail sales & warehouse bldgs. w/loading dock.  Information obtained from the Auditor: Total of 58,801 sq. ft. comprised of the following, Discount Store: 37,901 sq. ft., 22' wall height, hot air heat, central A/C, loading dock. Multi Use Office: 1,380 sq. ft., hot air heat, central A/C. Warehouse: 2400 sq. ft., 18' wall height. Warehouse: 2,560 sq. ft., 18' wall height. Auditor also reports this building has a Sprinkler System, is a Pre-Engineered Steel Building, Built in 1969 & Public Restrooms. The GI Depot Building which is located next to the main Lancaster Sales Building the Auditor reports as being a Discount Store with 6,560 sq. ft., 14' wall height, hot air heat & Central A/C; Warehouse with 8,000 sq. ft., 14' wall height & the building being a pre-engineered steel building built in 1956. Auditor Parcel's: 0546280000, 0546279900, 0546279700, 0546279300, 0546279200, 0546279100,  0546279400, 0546279500, 0546279600, 0546279800, 0546280800, 0546280700, 0546280600, 0546280500, 0546280400, 0546280300, 0546280200, 0546280100. Net Annual Taxes: $23,637.48, Auditor's Total Appraised Value: $1,727,440.
Tract 2: 988/998 Woodland Ave. Lancaster, OH 43130.  Retail Multi Occupant Building & Warehouse. The Auditor reports the following on Tract 2: Building 1: Retail Multi Occupant Building, Improvement Name: Blessing Memorial Church, built in 1977, Multi Use Retail, 3,840 sq. ft., 12' wall height, hot air heat, central A/C, public restrooms, wood frame construction, Tenant rights apply. Building 2: Warehouse 12,350 sq. ft., 18' wall height, pre-engineered steel, steam/other heat, overhead door 12' by 16' & overhead door 12' by 12', exhaust fans, loading dock, concrete floors. Parcel #'s: 0546277400, 0546277500, 0546277600, 0546277700. Net Annual Taxes: $6,088.80, Auditor's Total Appraised Value: $444,990. 
Tract 3: 0 Woodland Ave. Lancaster, OH 43130 - Auditor's map shows & describes as being a 128' by 203' Vacant Residential Lot situated behind and adjoining tract # 2. Parcel #: 0546277800, Net Annual Taxes: $683.78, Auditor's Total Appraised Value: $57,340.
Tract 4: 0 Terry St. Lancaster, OH 43130. Auditor's map shows & describes as being 2 adjoining parcels, which will be sold as whole & situated behind tract # 1 fronting on Terry St.,  Auditor provides the following: Comprised of a total of +/- 0.369 Acres, Parcel #: 0546278900, 6,000 sq. ft. lot size, lot 74, Land Value: $2,400, Building Value: $1,400 (Asphalt or blacktop) Total Auditor's Value: $3,800, Net Annual Tax: $51.98, Land Use: Parking Garage Structure & Lot, Commercial. Parcel #: 0546279000, 10,080 sq. ft. lot size, lot 75, Total Auditor's Vacant Value: $4,030, Land Use: Commercial Vacant Land, Net Annual Taxes: $55.12.
Tract 5: 0 Terry St. Lancaster, OH 43130. Auditor's Parcel #: 0546277200 and is described as being a 0.69 Acre Residential Lot at the dead end of Terry St., Total Auditor's Appraised Value: $6,210, Net Annual Taxes: $73.92. 
Tract 6: 1266 W. Hunter St., LOGAN, OH 43138 "Lancaster Sales" LOGAN location will sell on Day 1 at 1375 Old Logan Rd. Lancaster, OH 43130. The Logan store is located on a main retail artery in Logan, OH. The Hocking Co. Auditor describes this location as being a 15,300 sq. ft. metal Commercial Building built in 1974, all public utilities, level topography, Restooms, break room, Neighborhood Code: 4104/Logan Premium Commercial. Parcel #'s: 4-002241, 4-002242, 4-002243, 4-002244, 4-002245, 4-002246, The Auditor's Total Appraised Value is $455,450, Net Annual Taxes: $7,276.42.


The Inventory of the LANCASTER STORES ARE BEING SOLD Tues., Dec. 5, 2017.  The complete inventory of the department store will be offered in large department store lots that include new, surplus, brand name & overstock inventory, Gondola Shelving, show cases, pallet racking and more.   The Inventory for the Logan, Ohio store will be sold IN LOGAN, Weds., Dec. 6, 2017 * 10:00 AM

Real Estate Terms: 10% down at time of sale cash or check; Balance & Possession upon delivery of deed at closing on or before January 5th 2018; Offered free & clear prior to closing; Sold in As-Is condition; No Buyer's contingencies exist; Real Estate Taxes pro-rated to closing which will be conducted by Hocking Valley Title Agency 144 E. Main St. Lancaster, OH 43130. Only the Real Estate will be offered live onsite & via online bidding through & Tri-State Auctioneers; 3% buyer's premium for online bidding through Seller is relying solely on their own investigation, inquiry, due diligence, any information provided is to be utilized strictly as a guide. Tenant rights apply to Tract 2. All Real Estate including both the Lancaster & Logan properties will be sold on Day 1 from the Lancaster Auction site.

Personal Property Terms: Paid in full at time of sale cash or check; Sold As-Is; All sales final; Removal of the store inventory to be on or before December 24th 2017; No buyer's premium for onsite bidding. No online bidding for inventory. If not removed all items are lost, forfeited and gone forever. Sales tax applies. Sample pictures have been supplied but the inventory changes from day to day with retail sales. No loading assistance available come prepared!

Taxes & Legal: For Tax Info. & Parcel No.'s refer to Real Estate Descriptions; Stanley & Son, Inc. are Agents for the Seller, Lancaster Sales Co., Damon Howarth, President * Attorney for the Seller, David M. Whittaker.

For a FREE brochure, please call (740) 775-3330.