1004 Winchester-Southern Road NW

Property Description

Subject property is the still operating Silohs Restaurant in Canal Winchester. Property located at the intersection of Winchester Southern Rd. and Marcy Rd., about 10 minutes from city center. Parcel #: 0090192400. Building reported to be built in 1947, contains the restaurant structure and an attached dwelling. Restaurant appox. 2,347 SqFt +/-. Covered patio spans the west side of building. Attached dwelling is a Cape Cod with approx. 1,064 SqFt +/-, currently used as storage space for restaurant. On site parking lot located on north side of structure. Auditor reports property to be 1.71 acres +/-. Reported private water and septic tank located at back of property. Above ground propane tank located behind structure on the NE side. Sale pertains to real estate only, business and equipment does not convey. There is no known current lease and operator represented the same. Operator of business did express interest in remaining if sold. This is an online foreclosure auction - price listed is the minimum bid. Min. Bid: $100,000. 10% Buyers premium will apply over and above high bid. Foreclosure situation, property being offered by Private Selling Officer per the authorities granted in Ohio Revised Code 2329.152. Information available has come from public sources and is believed to be accurate but is not guaranteed. Buyers should conduct their own due diligence before bidding. List Agent has not physically viewed the property. Due to the nature of the sale, interior inspections are not allowed. Cash sale only. No financing.

Legal Description

EXH IBIT "A" Situated in the County of Fairfield, in the State of Ohio, and the Township of Bloom, and being further described as follows: Being apart of the Southwest quarter of Section 30, Township 14 (Bloom), Range 20, Fairfield County, Ohio and bounded and beginning at a solid iron pin at the Southwest corner of Section 30; thence North 00 Deg. 17' West 385.00 feet along the centerline of State Route 674 to a railroad spike; thence South 89 deg. 58' East 323.40 feet to aniron pipe, passing an iron pipe at 30.00 feet; thence South 00 deg. I7' East385.00 feet to a railroad spike in the centerline ofMarcy Road; thence with the centerline of said Marcy Road 323.40 feet to the place of beginning. Containing 2.86 acres more or less. SAVING AND EXCEPTING the following described parcel: Commencing at the Southwest comer of Section 30, being the intersection of Marcy Road and State Route 674; Thence, North 00 deg. 17' W along the apparent West line of Section 30 and along the State Route 674; also being Fairfield -- Pickaway County line a distance of 229.77 feet to the True Point of beginning for the herein described tract; Thence, North 00 deg. 17' continuing along said line, 155.23 feet to a point. Thence, South 89 deg. 58' East, leaving said line, 323.40 feet to a iron pipe found, passing an. iron pipe found at 30.00 feet; thence South 00 deg. 17 East, along a line parallel to the West line of Section 30, a distance of 155.23 feet to an iron pipe set; Thence North 89 deg. 58' West a distance of 323.40 feet, to the true point of beginning, passing an iron pipe set at 293 AO feet. Containing 1.15 2 acres more or less. Subject to all legal conditions, easements and rights of way of record. Bearing based on the East line of2.86 acre tract, Deed Volume 542, page 151. The tract being conveyed being 1.708 acres more or less. This description prepared by Ahlers, Moe and Assoc., Inc. based on an actual survey made by same in November, 1986. John R. Ahlers, #6200.

Location