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1009 Olean Road, East Aurora, NY

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You can enter a new max bid at any time by entering a bid greater than your current high bid.
A max bid would make it more difficult for others to outbid you.

A max bid is the highest amount you are willing to pay for an auction item.

In response to other bids, the auction system will automatically increase your bid in the smallest increment possible (up to your max bid amount) in order to maintain your lead position.

To get a max bid you simply enter the maximum amount you are willing to pay into the bid form just as you would any other bid. If your bid is more than one bidding increment above the current high bid you will get a max bid unless another bidder has a max bid in place that is higher than the amount you enter.

At the end of the auction, the winning bidder pays only the lowest winning bid possible. That means that you can win an auction item at a price less than your max bid amount.

Your max bid amount is kept confidential from other bidders.

You can lower or delete a max bid by entering a lower amount.

You now have a max bid.

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You have a max bid of %s on this item. That means that the system will place bids for you in response to bids from other bidders, up to %s.

You can adjust this max bid by using the form above.

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Place a bid using the form above.

You can enter the minimum bid of %s or a greater amount.

If you bid more than the minimum bid you will get a max bid that the system will use to bid for you against other bidders, up to the amount you enter. So if you enter a bid of %s for this item, the system will place bids on your behalf in response to bids from other users until someone bids more than %s.
LowHighIncrement
$0.00$8.99$0.10
$9.00$39.99$1.00
$40.00$99.99$2.50
$100.00$199.99$5.00
$200.00$999.99$10.00
$1,000.00$2,499.99$25.00
$2,500.00$4,999.99$50.00
$5,000.00$1,000,000,000.00$100.00
LowHighIncrement
$0.00$100,000,000.00$1.00
Extended Bidding: i
Click to view Item Photo Gallery

Item Description:

Please take a moment to review the content below.

IN ORDERED TO "GET APPROVED TO BID" PLEASE FOLLOW THE STEPS LISTED BELOW

STEP #1)
In order to be able to participate in this online sale you must print-off the Online Bidder Registration Packet- 1009 Olean, fill it out in its entirety, and mail or hand deliver the originals to our office at 11167 Big Tree Rd, East Aurora NY 14052. We must have this packet in our office no later than November 16th at 4:00pm no exceptions. If we do not receive your paperwork, you will not be able to participate in this online sale. You will not be able to bid until we receive your packet.

Online Bidder Registration Packet- 1009 Olean

**Please note that these registration packets are unique to each auction. Please do not attempt to send us packet from a different auction event. Please utilize the packet associated with this specific auction.

STEP #2)
In addition to completing your Online Bidder Registration Packet- 1009 Olean and mailing it to our office, you must create an online account to place your bids (unless you already have one). Remember to use promo code 1009OLEAN to waive the one-time membership fee to our website. Click here to be directed to the registration portion of our website

For an explanation on how to create your online bidding account, please watch this brief information video (click here)

HELPFUL HINTS

-The "Details" portion of most of the property listings has a clickable "Property Address". By clicking on the address, you will be directed to an online mapping tool. (Get directions or explore the area)

-Once you enter a bid, online, there is no "removing" or "retracting" your bid. Please be diligent and cautious when participating in this sale.

-Every evening starting around 6pm our online surplus auctions begin to close. You are strongly encouraged to watch an auction close. (Please DO NOT "test out" how to place bids on ANY of our online sales)

Frequently Asked Questions (click here)

How our online auction closings work (click here)

Protect your family from lead in your home- brochure

***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***

***Please review all Auction terms at left side of auction before bidding***

***Please review all Auction terms at left side of auction before bidding***

Terms of Sale:
All sales are final. No refunds will be issued. This item is being sold as is, where is, with no warranty, expressed written or implied. The seller shall not be responsible for the correct description, authenticity, genuineness, or defects herein, and makes no warranty in connection therewith. No allowance or set aside will be made on account of any incorrectness, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have thoroughly inspected this item and to have satisfied himself or herself as to the condition and value and to bid based upon that judgment solely. The seller shall and will make every reasonable effort to disclose any known defects associated with this item at the buyer request prior to the close of sale. Seller assumes no responsibility for any repairs regardless of any oral statements about the item. Seller is NOT responsible for providing tools or heavy equipment to aid in removal. Items left on seller premises after this removal deadline will revert back to possession of the seller, with no refund.

Extended Bidding: i
Click to view Item Bid History Click to view Item Photo Gallery

Item Description:

YOU CANNOT PARTICIPATE IN THIS SALE UNLESS YOU COMPLETE THE ONLINE BIDDER REGISTRATION PACKET 
>>CLICK HERE<< FOR COMPLETE REGISTRATION INSTRUCTIONS.


AUCTIONEER'S NOTES  Please Read

Appraisal Report

Water Bills

NYSEG Bills

Cable Bills

Utility Bills

Property Address: 1009 Olean Rd, East Aurora, NY 14052
Municipality: Town of Aurora
Tax ID #: 188.01-1-15
SWIS: 142489
School District: East Aurora Union Free School District

Location Description:
West side of Olean Road, north of Blakely Corners Road and south of Lapham Road. Located less than .5 mile from the 400 Expressway.

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Legal Description: Liber 11044 / Page 2093 
Property Class: 422- Diner/Lunch
Zoning: "B2" Business- 2 District
Year Built: 1946+/- (Assessor's records)

Gross Building area (sf): 5,408+/- (survey)
Land Area (sf): 32,104+/- (ECGIS Data)
Land Area (acres): 0.737+/- (ECGIS Date)
Frontage: 228.6' (Olean Road)
Depth: 178.6'

ASSESSED VALUE & TAXES (status date of March 1, 2020)
Assessed Land: $15,200.00
Assessed Improvements:
$142,700.00
Total Assessment:
$157,900
Equalization Rate:
30.25%
Equalized Assessment:
$521,983.00
Current Town & County Taxes:
$4,676.28
Current School District Taxes:
$6,560.15
Current Annual True Taxes: $11,236.43

Appraisal Report

Flood Plain: Flood Hazard Community ID# 360227
Flood Panel: 0526H (June 7, 2019)
Flood Zone: Zone X

Utilities: Public electric, gas & water
Private Septic

OPEN HOUSE DATES:
(10am-1pm)

Saturday, October 30th (COMPLETED)
Monday, November 1st (COMPLETED)
Sunday, November 7th (COMPLETED)
Monday, November 8th
Sunday, November 14th

Property Description:
5,400+/- square foot restaurant featuring and outdoor dining area, indoor dining area with a built-in fireplace and a buffet/catering room. This well known facility has seating for 150 with a banquet/meeting room that seats. The building was renovated in 2000.
Built 1947, operated as Aurora Drive-In till 1960

Since 1960, name change of the Iron Kettle became a well-known established for breakfast, lunch, and dinner with annual sales of $1,290,000.00 until the pandemic outbreak.

DEC septic permits have been renewed and good for approximately 5 years. Septic is on join adjacent property with deeded easement. There are cross easements with the adjacent properties that are noted in the survey. Almost all the restaurant equipment has been replaced approximately 2 to 3 years ago. Within the last 5 years, new roof, carpeting and a high efficiency HVAC system.

This charming 5,400-Square foot restaurant features an indoor dining area with 2 built-in fireplaces and a buffet/catering room. The building was renovated in the year 2000.

This well know and popular business has seating for 150 with a banquet / meeting room that seats 75.

This is a turnkey opportunity. Property Also has a second floor apartment which has rented in the past for $1,200 a month.

Approx. Dimensions:

Restaurant (approximate measurements):
Entrance - 7’3 X 9’
Dinning Rm #1 – 15’3” X 23’3”
Dinning Rm #2 – 19’ X 23’6”
Buffet Rm – 11’6” X 18’9”
Banquet Rm – 47’6” X 20’9”
Coat Room - 4’ X 19’4”
Restroom #1 – 10’6” X 6’7”
Restroom #2 – 8’2” X 3’9”
Prep Area – 9’7” X  19’6”
Kitchen #1 – 22’6” X 8’9”
Kitchen  #2 – 13’3” X 11’9”
Kitchen Storage Area 21’6” X 8’5”
Washing Station Area 10’9” X 15’6”

2nd Floor Apartment (approximate measurements):
Apartment office – 13’ X 8’
Room #1 – 12’3” X 19’4”
Room #2 – 20’5” X 9’
Laundry Room – 11’11” X 8”
Living Room – 19’ X 11’
Kitchen – 11’ X 8’

Restaurant Kitchen Equipment and Furnishings included in the sale:
-Walk in cooler 6’X19”
-Walk in freezer 6’X7’
-Garland 10 burner stove with 2 ovens
-Metro C5 Warmer-Proofer
-Hobart Mixer with accessories
-Assortment of wire shelving
-Globe Gravity meat slicer
-Various pots, pans, and utensils
-Superior 3 door freezer
-Manitowoc Ice Machine
-Dishwasher Machine
-Various Stainless Steel prep tables
-Star Ultra Max 60” flat top grill
-(2) Pitco Fryers
-Sunfire 6 burner stove
-Server Well 4 bay steam table
-Ice cream freezer
-Whirlpool Refrigerator
-(2) Kenmore Microwaves
-(3) POS Systems
-(129) Chairs
-(32)  Tables 3’X3’
-(2) Tables 30”X2’
-Salad Bar Buffet line with Steam Table
-(2) Ansul Systems
-Vizio 40” flat screen TV

Official Town of Aurora website << CLICK HERE
Official Village of East Aurora website << CLICK HERE
East Aurora Union Free School District website << CLICK HERE

***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***
***Please review all Auction terms at left side of auction before bidding***


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