1070 S Volusia Ave, Orange City, FL 32763 (Volusia County)
SELLS REGARDLESS OF PRICE
7,400±SF Restaurant on 1.3± Acres
Selling Online Only
Bid Deadline: Thursday, May 24 at 1:00 PM ET
Closing Deadline: Tuesday, June 26, 2018
Inspection: Monday, May 14 & Monday, May 21 at 11:00 AM ET SHARP. An Auction Right of Entry form must be signed in order to gain access to the building which releases seller from liability in the event of accidents while onsite.
Property Description: Single story former buffet style restaurant built ca. 1984 on rectangular lot with 210± feet of street frontage and 285± feet of depth, with a large paved lot with 77± parking spaces.
According to a September 10, 2004 Phase 1 Environmental Site Assessment, no recognized environmental conditions (RECs) were identified in connection with the property.
Natural Gas Provider:
Potable Water: Orange City
Sewer Services: Orange City
Volusia County Tax Parcel# 801108290221
Volusia County Assessed Value $723,120
2017 Taxes $17,577.15
Julian E Howell, III Licensed FL Broker
This auction features a grouped bid extension - please see details in terms below.
Terms: Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by June 26, 2018. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.
This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.
With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.