8922 Ridge Road
North Royalton, OH 44133

Inspections

Tuesday, February 2 • 9:00 am to 1:00 pm
Tuesday, February 23 • 9:00 am to 1:00 pm
Other Times By Appointment


Brochure


Catalog


Description

Former Carrie Cerino’s Ristorante Party Center and Nightclub on 5.73± acres
Selling as a Turn-Key Package!
Plus- 7± acres Adjacent Development Land

The Cerino Family Operated the Facility for 57 Years, Closing in February of 2020. North Royalton is Just 15 Miles South of Cleveland and Only 3 Miles from I-71 and I-77, Which Makes its Location Perfect for A New Owner.

TRACT 1
Carrie Cerino's Italian Ristorante & Party Center
34,220 Sq. Ft. Building
Long Established Family Owned Business • Operated through 2/2020
$400,000 of Building Improvements between 2013-2018
Turn-Key 34,220 Sq. Ft. Restaurant/Event Center/Cocktail Lounge
*POS System is Leased and May Be Excluded from the Auction.
With Leased Oil Well
5.73± Acres

5 Ballroom/Meeting Room Spaces:
Grand Ballroom Total Seating 350 with Dancing Area or 500 (Or it can be split in Two Areas)
Front Banquet Rooms A, B, C, Total Seating 150 with Dancing Area or 50 per Room Split

Full Service Sit Down Restaurant with 3 Dining Rooms: 70 Papa’s Garden Room, 106 Main Dining, Room, 66 Keeping/Wine Room

Fully Equipped Centrally Located Shared Commercial Grade Kitchen with Bakery

Lower Level “Under C’s” Cocktail Bar/Night Club, Seating 170

Second/Main Floor Office Areas
2 Drive Under Covered Entrances
CCTV Camera System
Fire and Security Systems
2-Liquor Licenses

Currently Zoned General Retail
3 Phase Power
City Utilities
Legal Description: 11 48212020
Parcel Number: 482-12-019
Taxes 2019: $57,161.12

Oil Well Lease Income approx. $800/year
Includes Fenced Well and Above Ground Storage Tank Equipment
Legal Description: CERINO UNIT 1 1.00 41.34457, -81,73772
Parcel Number: 482-12-735
Taxes 2019: $87.70


TRACT 2
7± Acres Bare/Wooded Development Land Located Behind Tract 1
Zoned General Retail or Business
Ridge Road Frontage with Future Signage

Large Rectangular Wooded Lot Located Behind the Paved Parking Area
Tract 2 Starts Just Behind the Above Ground Storage Tank/Fenced Area
Access is Off of Ridge Road and on the South Edge of Tract 1.
City Utilities are Available
Legal Description: 11 482-12-020
Parcel Number: 482-12-020
Taxes 2019: $0 (Taxes are Included in other Parcel)

TRACT 3
Entirety Purchase of Tracts 1 & 2
The Tracts Will Sell Whichever Way Brings the Highest Dollar.
A new survey will be required prior to closing if tracts 1 & 2 sell individually.
Property Tax amounts will also change depending on the final size of each tract.
Request Bidders Kit for Complete Details.


Click to review Drone Video

To view other documents that may aid in your due diligence, please complete and return this release.

Map


Broker Participation

Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.


Payment Information

10% Buyer’s Premium. Sealed bids will be accepted by Maas Companies until Thursday, February 25 at 4 pm. Sealed Bid Offers must be received by the deadline and be accompanied by a $20,000 earnest money deposit certified (check or wire) along with a fully completed Sealed Bid Form. A deposit equal to 20% due within 2 business days and balance due at Closing on or before 30 days. Bids must be delivered by traceable courier to Maas Companies Inc at 6923 10th Ave S.W. Rochester, MN 55902. The deposit money shall become Earnest Money and is nonrefundable. Deposit Monies payable to Lane & Nach P.C. Greg Grandmont is attorney overseeing the closing.

Full Terms

Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms.
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.

In all transactions, Maas Companies is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company.

Maas Companies of Ohio Inc., 2011000032