Description
ONLINE AUCTION: Bidding begins 4/20/2021 @ 10:00 AM. Bidding ends 4/21/2021 @ 12:30 PM.List Price is Suggested Opening Bid. Investment Highlights: - 10,000 square foot, multi-tenant industrial building - 12,000 square foot fenced open lot - Building can be subdivided to accommodate more tenants and increase cash flow - Large inter city site for future development - Zoning is one of the highest industrial uses - Potential Strong Cash Flow The 10,000 square foot building was constructed in 1960 of cinder block, steel and siding. The building consists of 3 contiguous buildings that can be rented separately or as one unit. The Property sits on a 22,000 square foot lot. The Property, situated in the Woodmere neighborhood (Within the Pimlico Area), is in the middle of a primarily commercial district with access to main arteries, public transportation and a large potential customer base for potential tenants. Development projects have been springing up in close proximity to the Property making this a unique opportunity to acquire assets like 5225 Fairlawn for mid-size future development opportunities and significant cash flow potential in the short term. Property is Vacant. 10% Buyers Premium will be added to the high Bid. $20,000 Deposit must be tendered at the time of sale. Deposit to Be increased to 10% of Total Purchase Price Within 72 Hours.
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0.55ACRES
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01/2 BATHS
Description
ONLINE AUCTION: Bidding begins 4/20/2021 @ 10:00 AM. Bidding ends 4/21/2021 @ 12:30 PM.List Price is Suggested Opening Bid. Investment Highlights: - 10,000 square foot, multi-tenant industrial building - 12,000 square foot fenced open lot - Building can be subdivided to accommodate more tenants and increase cash flow - Large inter city site for future development - Zoning is one of the highest industrial uses - Potential Strong Cash Flow The 10,000 square foot building was constructed in 1960 of cinder block, steel and siding. The building consists of 3 contiguous buildings that can be rented separately or as one unit. The Property sits on a 22,000 square foot lot. The Property, situated in the Woodmere neighborhood (Within the Pimlico Area), is in the middle of a primarily commercial district with access to main arteries, public transportation and a large potential customer base for potential tenants. Development projects have been springing up in close proximity to the Property making this a unique opportunity to acquire assets like 5225 Fairlawn for mid-size future development opportunities and significant cash flow potential in the short term. Property is Vacant. 10% Buyers Premium will be added to the high Bid. $20,000 Deposit must be tendered at the time of sale. Deposit to Be increased to 10% of Total Purchase Price Within 72 Hours.
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