Investment Property ABSOLUTE COMMERCIAL REAL ESTATE, ANTIQUES, PRINT EQ. & CONTENTS AUCTION!
177 Homer Ave. Cortland, NY 13045
Saturday July 23 at 11 AM * Preview Begins at 10 AM
For the estate of John P. Fattaruso
NO MINIMUMS * NO RESERVES
Directions: From the center of Homer, NY: GO South on Main St. stay straight on Homer Ave. (2) miles to Auction on LEFT. Signs posted.
Real Estate Open House: Tuesday July 19 from 4-5:30; 1 hour before auction or by appointment. Walk the lot at your convenience. Call Steve at (607) 423-3293.
Sale Order: Real Estate, then chattels. Auction will take about 2 hours.
Real Estate: A structurally sound commercially zoned property located in (GB) General Business District w/ (2) Units on 53’ x 149’ lot w/ 53’ of RF & 6,100 +/- total SQFT consisting of commercial production/ office space with an attached 2 BR apartment in the City of Cortland.
1. 5,300 +/- SQFT business area that consists of storefront style reception/ showroom area; (3) Offices/ Rooms; file room; Kitchenette; full bathroom; Laundry w/ linen closet; extra closets and 1 car 16’ X 36’ attached garage w/ oversized overhead door. Steel frame addition and garage built in 1981 w/ concrete floor and drainage. Possible to convert to living space.
2. 2 BR 800 +/- SQFT apartment unit up stairs w/ appliances, hardwood floors & carpets, Kitchen, full bathroom, living room, dining room, dbl SS sink, raised cabinets w/ stained glass window, closets & (2) front & back entrances.
A unique property w/ 2 story old style Home & expanded metal frame addition (1981). Last used as a print/ graphics shop.
Sells w/ good metal & shingled roofs; some hardwood floors, split electric, (2) split gas furnaces, (2) separate gas H2o heaters, full basement w/ stone wall & concrete block foundations, forced air heat, newer replacement vinyl windows, 5 parking spaces, 100 Amp & 200 Amp separate elec. services, Located on a 149’ x 53’ Lot (.18) ACRES.
Nicely Located between Cortland & Homer, 2 miles to I-81! & SELLS AT ABSOLUTE AUCTION TO THE HIGHEST BIDDER REGARDLESS OF PRICE!
Tax map #: (86.25-02-02.000)
Home built around 1900, steel frame addition in 1981 w/ 6,100 +/- total SQFT
Total assessed @ $138,800
Property class= 483- commercial
Cortland Central Schools
City of Cortland 2015/16 taxes paid by seller: School: $2,498 County/City: $4,471
The Property is currently EMPTY. ASSESSMENT SHOULD GO DOWN AFTER THE SALE TO THE NEW PURCHASE PRICE LOWERING THE TAXES.
Standard Real Estate Auction Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 20% 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. Executor’s Deed. Property sells “As Is, Where Is”. 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! Auctioneer agency represent s only the sellers. Lead paint may exist.
Personal Property to be auctioned absolutely, regardless of price, immediately following the sale of the Real Estate to include:
Letterpress Printers CabinetANTIQUES & VINTAGE: (2) OAK Hamilton Typeset Letterpress Printers Cabinets jam packed FULL of old lead letterpress print type letters & old wood block letter types & copper block types(very rare), Mission oak 1 drawer antique table; antique oak side table; 1908 folding pocket Kodak camera; 1945 WWII W.A. Jones Etching; LaFrance Art. Co. woven textiles; Nazi advertising print; Picasso print; (Ephemera advertising paper including: rare old seed packets; can labels; crate labels; 1939 NY world’s fair mag.; military items; troop parade flyers; santa soaps labels; cigar box labels; black Americana)
PRINT EQUIPMENT: Baum Folder 20 x 26 paper folder machine w/ side table; HP Z 2100 -44 wide format 44” photo/ graphic printer model # Q6677A w/ supplies; NuArc LT-42 light table; Indus 4601 Microfiche reader; V28-1200 Vertical Mercury Printer; binder machine; variable number stamper.
FURNITURE: Sewing cabinet full; Oak kitchen table set w/ chairs; oak desk; maple desk; coffee tables; T.V’s; book cases; lamps; tin rack; leather couch;
MISC. PERSONAL PROPERTY: Art work; Mack truck ash tray; Dehumidifier; whirlpool washer/ dryer; misc. china; Refrigerator; tackle box full; LP’s; time clock w/ key; power tools; hardware; tool boxes; wooden ladders; 20 # propane tank w/ Mr. heater, Household goods and much, much more!
Standard Personal Property Terms: Cash, check, Visa & MasterCard accepted. 13% buyer’s premium w/ 3% fee waived for cash or good check. All items sold “As Is, Where Is”, absolutely, regardless of price! Driver’s license required for bid number. All statements at auction take precedence over printed material. Subject to errors and omissions.
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SDZ Auction Co. is a full service real estate auction company serving all of NY & North East PA.