PENDING – Professional, Commercial-Mixed Building, Akron, PA

Professional, Commercial-Mixed building at 820 Main Street, Akron.

Professional, Commercial-Mixed building at 820 Main Street, Akron.

Originally built as a bank in 1967, this notable property has been the home of Akron Insurance Associates. Updated with Geo-thermal heating and cooling, retrofit energy saving lighting, professional landscaping and a 30 year rubber roof, this property is in the commercial mixed zoning of Akron Borough. Featuring several private offices, a conference room and an open main floor, it becomes suitable for many types of businesses and layouts. A full basement with a bathroom provides additional possibilities.

The main floor features an open area of 30 x 33 with an additional reception area of 9 x 12. The first private office is 11 x 13, with a secondary 9 x 9 office with a private restroom. The conference room is 12 x 22. The main floor also has a copy/file area, a 10 x 13 breakroom and a bank vault of 144 square feet.

The lower level is accessed by two stairways and contains a main room of 38 x 32, two additional rooms, 10 x 16 and 10 x 12, a restroom, a large mechanical room and a 12 x 12 evidence room from when the building was used by Akron borough.

This property also includes 17 parking spaces along Playground Street.

This property is being sold in an online real estate auction ending at 2pm on Thursday, December 2, 2021 subject to prior sale. Opening bid at auction is $325,000, plus a 10% buyer’s premium. PLEASE NOTE: The seller is also accepting pre-auction offers. This property may sell prior to the auction date.
You may submit an offer to purchase this property at any time. Should the seller accept an offer, the auction will be cancelled.

Purchase terms include the buyer paying all transfer taxes and settling on or before December 31.
This property is being sold as is.

Zoned Commercial-Mixed

Click here for a virtual tour

By registering as a buyer and bidding on the property, you are agreeing to the Terms and Conditions.

The real estate auction will be held on Thursday, December 2nd, 2021 at 2pm. Online bidding is available starting on Friday, November 12th through the live auction happening at 2pm on Thursday, December 2nd. The auctioneer will stream live from to sell the property. No one will be onsite during the live auction at 2pm on December 2nd.

This property is being offered free and clear of any liens and encumbrances with no warranties or guarantees in “As-Is” condition with all faults and defects. The sale is not subject to any contingency, including mortgage or inspection contingencies.

There is a 10% buyer’s premium paid by the buyer on the winning bid. The winning bid plus the 10% buyer’s premium will comprise the total purchase price.

The real estate transfer taxes will be calculated on the total purchase price. The buyer pays both transfer taxes.

Any personal property remaining on the property at settlement transfers with the real property.

The property is being offered with a reserve and will be sold subject to seller’s confirmation. This property is also available prior to auction. If you would like to submit an offer prior to auction, please contact the listing agent. If the seller accepts an offer prior to the auction, the auction will be canceled.

The winning bidder will pay a $20,000.00 down payment and sign the Purchase Agreement and Seller’s Property Disclosure Statement at the conclusion of the auction.

Balance due at settlement. Settle on or before Friday, December 31st, 2021.

If the purchaser fails to comply with the terms and conditions of this auction or the purchase agreement, the seller may retain the deposit as liquidated damages, and may proceed to make a resale of the property, either at public or private sale.

The seller and/or H.K. Keller has the right to reject any bids.

Only the registered bidder, POA or contracted agent may bid using the registered account, unless arrangements with H.K. Keller have been made.

Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. Please contact Mike Keller at 717-879-0110 if you need assistance with the online bidding platform.

If you are an online bidder and your bid wins the property, you will be contacted regarding payment information, a Purchase Agreement and Seller’s Property Disclosure Statement to sign electronically or to
print, sign, scan and return electronically or in person. These documents should be completed and
returned as soon as possible.

Online bidders will have 24 hours from the conclusion of the auction to pay the down payment via wire transfer or cashier’s check unless prior arrangements have been made with the auctioneer. H.K. Keller will pay a 3% commission to a real estate brokerage securing the winning bidder. The 3% commission at auction is calculated on the purchase price. The signed Bidder Registration Form must be submitted to H.K. Keller prior to the live auction.

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