Steven D. Zogg Real Estate / Auctioneers and Sales Managers
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“INVESTMENT OPPORTUNITY”

ABSOLUTE REAL ESTATE AUCTION!

Scott Hotel AuctionHistoric Scott Hotel
Bar/ Restaurant

On site at 6660 State Rt. 41,
Homer, NY 13077
(Cortland County)(T-Scott)

FRIDAY July 6, 2012 at 5:30 PM

Preview Begins at 4 PM

NO MINIMUM* NO RESERVE * SELLS ABSOLUTE REGARDLESS OF PRICE!

Directions: From Intersection of RT 41 & RT 281 in Homer, NY: Take RT 41 North (7) miles to auction on RIGHT. Signs posted.

Real Estate Open House: Monday July 2nd from 4 – 5:30 & Day of AUCTION starting at 4 PM. Walk the lots at your convenience.

Real Estate: A multi-use residential/ commercial investment property in Business District Zoning w/ current bar/ restaurant set up with $ 117,000 recently spent on renovations! Nicely located only 19 miles to Skaneateles, NY & 7 miles to Homer/ Cortland, NY on main Rt.

Sells w/ a sound 2-story commercial style 1784 SQFT building w/ spacious 1 BR residence upstairs & bar/dining/entertainment area downstairs on (.8 Total Acres). Sells w/ separate valuable (.6 Acre) parking area across the road w/ BBQ shack in place. Sells w/ new water pump, new dry wall, extended ceiling, attic, new wiring upstairs, good asphalt roof, vinyl & cedar siding, all new plumbing and located next to major snowmobile trails.

A nice opportunity to expand or start a restaurant/ bar business at a historical location. Or buy it and rent it out as an investment. Numerous Possibilities. Septic system would need to be improved for a bar/ restaurant.

THE SCOTT HOTEL: 1 residential 1 BR apartment upstairs & bar/ restaurant down.

Bar/Restaurant area: Band/ dance/ entertainment area w/ tile, vinyl and hardwood floors, knotty pine ceiling, gas fireplace w/ stone floor. Bar Room: 3 bay SS sink under bar, attached Marvel 4 bay cooler, NSF Kegerator, 11 bar stools & 2 new large dbl pane vinyl replacement windows. Kitchen room: tile prep counter, newer gal. H2O heater, 4 bay ss sinks, lin. Floor, fan to outdoors, ice machine & 200 amp updated elec. Service. Men’ s & Ladies rooms: all set to go and in working order w/ urinal in men’s room. Also, there is a office/ storage room and 2nd back storage room w/ walk in cooler in place & ice cream sales windows in place.

Upstairs Apartment: Kitchen: nice barn beams, raised cabinets, tile floor, laundry connections, new triple picture window. Master BR: lighted w/ access to outdoors. Master Bath: very unique w/ extended ceiling w/ sky light above Jacuzzi bath tub w/ tile floor & needs toilet/ sink finishing.

Sells w/ new wiring, new dry wall, new doors, new Rinnai Energy Saver ES38 propane furnace, totally insulated, extended ceiling, attic storage area, cross ties to rafters, nice 225’ x 38’ lot w/ nice back yard and a very structurally sound property here!

Parking Area: Huge 195’ x 85’ Lot w/ 195’ of road frontage on major NYS RT. 41. Very valuable road frontage with other possible uses.

Tax map #’s: (25.00-01-60 & 25.03-1-15). Built in 1910 w/ 1,784 total SFLA.

117K recently spent on renovations! Property needs to be finished upstairs and sells w/ the building permit still open. Currently empty. Sells w/ private septic & private well. There are two tax maps, one for the vacant Lot & one for the Historic building. Both will sell for one price.

Standard Real Estate Auction Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 10% down on day of auction, with the remainder due at closing within 45 days. SELLS ABSOLUTE to the highest bidder regardless of price! Time is of the essence. Bargain & Sale Deed. Property sells “As Is, Where Is”. All test required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! 2.5% BROKER PARTICIPATION INVITED! Buyer/ Broker’s must register before scheduled open house and have the required form submitted w/ broker, auctioneer & client signatures. Auctioneer agency represent s only the sellers. Lead paint may exist.

Information provided by auctioneers is believed to be correct, but not guaranteed. Buyers are encouraged to do their own research about the property. ALL STMTS AT AUCTION SUPERCEDE PRINTED MATTER!

Zogg Brothers Note: An outstanding opportunity to buy an investment property in Homer, NY! INVEST IN REAL ESTATE, you will be glad you did! The time to buy is NOW! Very rare opportunity to set your price! Come and bid your price the AUCTION WAY! Homer/Cortland, NY auction, Homer/Cortland, NY auctioneers, Homer/Cortland County real estate auctions, Homer/Cortland county auctions, Homer/Cortland county auctioneers, NY state auctioneers, finger lakes region, NY auctioneers, Homer/Cortland, NY estate auction, Homer/Cortland, NY estate auctioneers, Homer/Cortland county estate/land/antiques auctioneers.

 

ANOTHER AUCTION SALE MANAGED BY…

AV ZOGG, JR. AUCTIONEERS “Since 1952”
Zogg Brothers Auction & Cattle Co.
Steven D. Zogg Real Estate
1264 State Route 392
Cortland, NY 13045
Office: 607-835-6599 fax: 866-889-9866
Branches: Batavia, NY: 585-409-5432 * Saratoga Springs, NY:518-538-6886
Kingston, NY: 845-901-6292 * Scranton, PA: 570-561-8488

PA AUCTION LICENSE#: AU005532

www.zoggbros.com ”A COMPLETE AUCTION SERVICE”

Alfred V. Zogg, Brent J. Zogg, Carl J. Zogg, Julie Zogg & Steven D. Zogg - Auctioneers & Sale Managers

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