1600 E 11th St

Description

Upcoming Online Auction! PRIME INVESTMENT OPPORTUNITY - STRIP CENTER AND COMMERCIAL LOT BEING SOLD AS ONE - HIGH VISIBILITY/TRAFFIC AREA ACROSS FROM THE HUTCHINSON MALL. Online Bidding Ends Friday, March 24th @ 12:30pm. The retail building is roughly 12,170 total SF and was built in 2000. Property is zoned Special Commercial District and taxes are approximately $44,405.08. There are currently two tenants. Joy's Packing and Shipping is approximate 2,400 SF leases at $2,400 per month NNN on a month to month lease. Sally Beauty company consists of approximately 1,500 SF and leases at $1,687.50 per month NNN. Copy of leases for each tenant are available upon request. Contact agent for more lease details. The vacant commercial lot is approximately 1.72 acres and taxes are $8,966.68. Bidding will remain open until 2 minutes has passed without receiving an acceptable bid. The successful bidder shall be required to deposit 10% of the purchase price down as earnest money the day of auction for the property purchased. The sale is subject to seller confirmation and closing within 45 days. Checks will be made payable to and held in escrow by a title insurance company to be named. A 10% Buyers Premium will be added to the final bid price and paid by the Buyer. All information contained was obtained from sources believed to be correct but is not guaranteed. Buyers shall rely on their own due diligence of the property and records. The property will be sold subject to any applicable Federal, State, and/or Local Government regulations. All acreages, measurements, and other details described are approximate and may not be to scale. The property is selling in a "Where Is, As Is condition without any warranties of any kind.