TURN-KEY CAR WASH

Auction by: Maltz Auctions

Pre-Foreclosure Auction

Prime Location Across from Major Shopping Center

Live Off-Site Auction

Began: Thursday, August 16, 2018 at 11:00 AM EDT

Location: Maltz Auction Gallery, 39 Windsor Place, Islandia, NY 11722

Details

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Pre-Foreclosure Auction

Fully Operating Car Wash with Real Estate

Prime Location Across From Major Shopping Center

Details:

  • 121 Mark Tree Road, Centereach, Suffolk County, NY 11720
  • Fully Operating Self-Service Car Wash d/b/a “Kup’s Auto Spa, Inc.”
  • Prime Location Directly Across from Major Retail Center Anchored by Walmart & Half Block from Starbucks
  • 200′ Frontage on Mark Tree Road
  • 25,000 Sq Ft Lot (200′ x 125′)
  • Improved with 5-Bay Self Service Car Wash (3,429 Sq Ft):
  •    2 Automated Bays & 3 Self-Service Bays
  •    Vending Machine Area
  •    Equipment Room
  •    Office
  •    Restroom
  •    Storage Room
  • Included in the Sale:
  •    All Personal Property
  •    Phone/Fax Number(s)
  •    Website(s)
  •    Existing Permits/Licenses
  •    Exiting Service/Vendor Contracts
  •    Customer Lists Related to the Business Interest
  •    All Accounts Receivable as of Date of Closing Date
  • Additional Information:
  • Flood Zone X
  • 480 Volt, 3 Phase Electrical
  • Gas Fuel
  • 16-Camera Security System
  • 4 Vacuum Stations
  • 1 Vac-Scent Station
  • 1 Vacuum Shampoo & Spot Remover Station
  • Parcel ID# 0200-487-00-01-00-029-003
  • Section: 487, Block: 1, Lot: 29.3
  • Currently Operating and Delivered Vacant of Tenancies of Leases at Closing
  • Annual Real Estate Taxes: $22,575.19
  • Previously Listed at $2,500,000
  • Recently Appraised at $1,970,000
  • $850,000 Opening Bid

 

Inspections/Viewings: Monday, August 6th from 11:00 am – 1:00 pm and Monday, August 13th from 2:00 pm  – 4:00 pm.

Auction Date & Time:  Thursday, August 16, 2018 at 11:00 am.  Registration begins at 10:00 am.

Auction Location: Auctioneer’s Gallery, 39 Windsor Place, Central Islip, NY 11722.  Online & absentee bidding available with registration at least 48 business hours prior to auction, please call for details. 

Terms & Conditions of Sale: Property will be sold free and clear of all monetary liens. In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $85,000 made payable to “Maltz Auctions, Inc.”.  Please download the complete “Terms & Conditions of Sale”.

Buyer’s Premium: An eight (8%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

Buyer Broker Participation: A two (2%) percent commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.


Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

The Real Property and associated assets (the “Real Property”) is being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Seller, nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Seller, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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