AUCTION ID #: 625221 Bookmark and Share
BANK-OWNED: Scranton, PA - Commercial Bldg, Former Cafe, Great Location!
Item 625221  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 12-06-13    07:00 AM ET
Auction Closed: 12-19-13    03:00 PM ET
Asset Details
Seller Information
      
Seller Name: RoseAcceptance
Rating: Not Applicable
Location: 111 West Market Street
Scranton , PA    18508
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Bid Increment: $5,000
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $15,000
Auction Type: Regular Auction
Source: Bank
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Commercial Properties  
  Address 111 West Market Street
Scranton, PA 18508
United States
  County Lackawanna
  Lot Size .34 acres
  Display Maps Yes

Asset Description
111 West Market Street , Scranton , PA 18508

DESCRIPTION

Great business opportunity! Formerly known as the Market Street Cafe; the location provides all the traffic needed for a successful restaurant! Potential customers include: shoppers on their way to the Mall at Steamtown, college students from Marywood University, or simply, local residents looking for a good lunch spot! Bring your culinary expertise and start profiting today!

Buyers interested in inspecting the property may contact the asset manager through Bid4Assets to obtain the lockbox code.
ADDITIONAL DETAILS

Address 1111 West Market Street
CityScranton
CountyLackawanna
Listing Parcel Number13412070050.00
StatePA
Zip18508
CountyLackawanna


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Additional Terms of Service
The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.


All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

Winning bid price is subject to approval by the bank.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

  • A satisfactory inspection of the property
  • Completion of a title search
  • Investigating back property taxes and
  • Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Payment Type
  • Certified/Cashier's Check
  • Wire Transfer
  • Winning bidder is responsible for all liens, encumbrances and back taxes. Full balance is due within 5 calendar days of auction's close. Seller accepts certified funds via mail, wire, or ACH. A quitclaim deed will be given at time of settlement at NO CHARGE. Buyer will be responsible for a buyer's premium of 10% with a $250 minimum.