Live onsite & Online Unreserved Turn-key Waterfront Real Estate
AUCTION
Lakeside Grill, LLC
2846 Firelane 1, Moravia, NY 13118
(NY-38/West Lake Rd. to Firelane 1, Keep right arod the bend.)
MON., OCT. 21, 1 PM
Real Estate Open House: Mon., Oct. 14, 1-3 PM and one hour before auction.
Real Estate #1 – 2846 Firelane 1, Restaurant, Moravia, NY
Seller: Lakeside Grill, LLC (Jackie Scanlon, Owner)
Coty: Cayuga Coty
Micipality: Town of Venice
School District: Southern Cayuga
Tax Map #: 187.13-1-19.12
Assessment: $375,000.00
Equalization Rate: 88 %
100% Assessed Value: $426,136.00
Lot Size: 140′ x 99′ +/-
Zoning: No Zoning
Classification: 421 – Restaurants
Town/Coty Taxes: $4,615.90
School Taxes: $3,826.85
Total Taxes: $8,442.75
Real Estate Features: Turn-Key Opportity to be the New Owner of the only Restaurant allowed on Owasco Lake! Also offering a 3 Family Home! Both lots have Waterfrontage!
To Be Auctioned Separate or together to the Highest Bidder(s)!
LOT 1: Includes 2 Parcels. The Restaurant and the Parking Lot.
Parcel 1: 4,695 Sq. Ft. Restaurant w/1,925 Sq. Ft. Outdoor Deck w/seating on the Water w/140′ Waterfrontage. Full Commercial Kitchen, Dining area & Bar on 140’ x 90’ +/- (.31 Ac.) Lot! Vestibule to Lobby w/Public Restrooms & Tile Floors that extend into the Bar Area that has windows all along the side and back wall for a full Water View. 200 AMP 3-Phase Electric CB Panel, 600 AMP 3-Phase Electric CB Panel & 400 AMP Electric CB Panel. 75 Gal. Propane Gas Bradford White® Water Heater & Propane Gas Forced Air Furnace w/Central A/C. Shared Spring Water & Septic (New Tank) Built approx. 1987. Asphalt Shingled Roof, Wood Siding. 5 Docks available for Boat Access.
Real Estate #2 – 2846 Firelane 1 – Pkg. Lot, Moravia, NY
Seller: Lakeside Grill, LLC (Jackie Scanlon, Owner)
Coty: Cayuga Coty
Micipality: Town of Venice
School District: Southern Cayuga
Tax Map #: 187.13-1-19.112
Assessment: $35,000.00
Equalization Rate: 88 %
100% Assessed Value: $39,773.00
Lot Size: 213.5′ x 96′ +/-
Zoning: No Zoning
Classification: 330 – Vacant Commercial
Town/Coty Taxes: $430.82
School Taxes: $357.17
Total Taxes: $787.99
LOT 1:
Parcel 2: 213.5′ x 96’+/- (.47 Ac.) Parking Lot To be Auctioned with the Restaurant.
Real Estate #3 – 2847 Firelane 1, Moravia, NY
Seller: Lakeside Grill, LLC (Jackie Scanlon, Owner)
Coty: Cayuga Coty
Micipality: Town of Venice
School District: Southern Cayuga
Tax Map #: 187.13-1-19.111
Assessment: $223,400.00
Equalization Rate: 88 %
100% Assessed Value: $253,864.00
Lot Size: .24 Acre +/-
Zoning: No Zoning
Classification: 230 – Three Family
Town/Coty Taxes: $2,749.85
School Taxes: $2,279.79
Total Taxes: $5,029.64
LOT 2: 1,650 Sq. Ft., 3 Family w/10′ of Water Frontage on .24 +/- Ac. (70’ x 130’ plus 65’ x 10’ down to the lake).
APT 1: 1 Bedroom, Living Room, Eat-In Kitchen & 1 Full Bath, PCM Rent-$580. New Stove.
APT 2: 3 Bedrooms, 1 Full Bath, Living Room, Dining Room & Eat-In Kitchen.
PCM Rent-$825. Completely re-done this summer.
APT 3: 3 Bedrooms, 1 Full Bath, Eat-in Kitchen, Living Room, Porch.
PCM Rent-$750. Bridge to Apt. only 2 yrs. old.
Rents include Water, Lawn & Snow Removal. Tenants pay Electric.
Gross Annual Income – $25,860. New Coin-Op Ladry available, Several New Windows, 4 Electric Meters, 4 Gas Meters, 100 AMP Electric CB, Propane Gas Water Heater, Electric Baseboard Heat. Stone Fodation. Storage Unit. Attic Crawl Space. Shared Spring Water, Septic (New Tank). Full Basement. Asphalt Shingled Roof, Wood Siding & Shared Stone & Dirt Parking Area.
Built approx. 1940.
LOT 3: Both Lots together. The bid on this Lot must be higher than LOT 1 & LOT 2 combined!
Terms on Real Estate:
Bidding at the Live Onsite Auction: Anyone bidding on the Real Estate must complete the Bidders Certification Form onsite and sign in front of Auction Personnel. See the Real Estate Bid Packet.
*DO NOT REGISTER ON PROXIBID IF YOU ARE ATTENDING THE LIVE ONSITE AUCTION!!
1. A 10% Buyer’s Premium will be added to the final bid to obtain the Total Purchase price.
2. Upon being annoced “sold” by the Auctioneer on Monday, October 21, 2024, 10% of the Total Purchase price (Bid plus the 10% Buyer’s Premium) is due from the Purchase by Cash, Check or Certified fds.
3. An Additional 10% of the Total Purchase price is due in three business days with Cash, Check or Certified fds. These payments shall be mailed or delivered to the Address listed below.
4. The Purchase Contract will be executed immediately following the Auction along with required Addendums and Disclosures. Brzostek’s will forward copies to the Seller and Buyer Attorney. Balance is due upon Closing in or about 30-60 days. Transfer of Title by Warranty Deed.
5. I acknowledge that I have read and agree to the items listed on the Bidder Certification Form which I will sign onsite at the live Auction.
6. Real Estate Salespersons or Brokers must register with Brzostek’s 48 hrs. prior to the Auction by completing and submitting a Broker’s Registration Form and attend the live onsite auction with their client. Call the office for instruction. Brokers and Salespersons acting as principals are excluded from broker participation.
Bidding Online via Proxibid: A $10.00 authorization fee is required to obtain a bid number.
*DO NOT REGISTER ON PROXIBID IF YOU ARE ATTENDING THE LIVE ONSITE AUCTION!!
1. A 10% Buyer’s Premium (Aka Internet Premium) will be added to the final bid to obtain the Total Purchase price.
2. Upon being annoced “sold” by the Auctioneer on Monday, October 21, 2024, 10% of the Total Purchase price (Bid plus the 10% Buyer’s Premium) is due from the Purchaser and up to $10,000.00 of this will be immediately char to a valid credit card (Visa, MasterCard, Discover or AMEX). The balance of said 1st payment is to be received in three Business days of Auction date with Cash, Check or Certified Fds at the address below.
3. An Additional 10% of the Total Purchase price is to be received at the address below, no later than five business days of Auction date, with Cash, Check or Certified Fds.
4. Brzostek’s Real Estate Auction Co., Inc. will send the Purchase Contract, Bidder’s Certification and all required Addendums and Disclosures via DocuSign for the Purchasers electronic signature and should executed upon receipt. Upon completion, a copy will automatically be returned to the sender. Brzostek’s will forward copies to the Seller and Buyer Attorney. Balance is due upon Closing in or about 30-60 days. Transfer of Title by Warranty Deed.
5. I acknowledge that I have read and agree to the items listed on the Bidder Certification Form which I will sign and will be returned with the Purchase Contract, Disclosures and Addendums which will be sent via DocuSign.
6. No Commission to be paid by Brzostek’s to a Lic. Broker whose client is bidding online.
*Return contract and remit payment to:
Brzostek’s Real Estate Auction Co., Inc.
80 Smokey Hollow Rd.
Baldwinsville, NY 13027
**All the information contained on our literature and website was obtained from sources believed to be correct but is not guaranteed. All annocements from the Auction block take precedence over any ed or advertised material. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations. All acreages, measurements, & other figures described in this flyer are approximate and, therefore, not necessarily to scale.
**Issuance of a bad check is a Class B misdemeanor der the Penal Law.
**Any stopped payment check, or Credit Card reversal will be treated as a Breach of Contract and will be forwarded to our Attorney for Collection!
