This property is zoned R1 and must be converted to a single family home.This property is owned by the Chautauqua County Land Bank. The Land Bank is a not-for-profit group established to help revitalize neighborhoods throughout Chautauqua County. These properties are offered below Fair Market Value with the understanding the purchaser will complete significant improvements to the homes. By selling these properties below Fair Market Value purchasers are asked to pledge a reasonable investment for revitalization which they will be contractually obligated to fulfill. The successful offer will be approved based on the TOTAL investment pledged. The total investment will be calculated by adding the purchase price and the pledged improvement costs together. All offers are reviewed and approved by a board for the Land Bank. All offers must be cash with no contingencies and all properties are sold in "as is" condition with no expressed or implied warranties. The buyer is encouraged to inspect all aspects of the home prior to placing an offer on the property.THERE MAY BE SOME INCENTIVES AVAILABLE FOR A PURCHASER WILLING TO CONVERT BACK TO A SINGLE FAMILY HOME. ALL BIDS MUST BE SUBMITTED BY September 30, 2017.
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