INCOME PRODUCING COMMERCIAL PROPERTY - Multi-Unit Office Building - Foreclosure, On-Site Auction
Auction-Live
Real Estate
March 4, 2015at 12:00 pm EDT
Sale Items: Real Estate
Description of Sale
This is your opportunity to acquire a tenant occupied, income producing 2-story commercial office building. This property has excellent income potential. Features include two buildings, 7 offices plus storage with 3,628 SF of combined building area located on 1.5473 acres.There are two buildings: the larger of the buildings is an improved, two-story framed dwelling that has been converted into offices and has a 1,902 SF first floor including four offices and a 1,326 SF second floor with two offices plus a covered porch and basement; the second building, is one-story, 737 SF including a metal shop and an office. The property has great commercial exposure, as it is located on a corner lot! Additionally, there is paved, on-site parking and some of the units are understood to be tenant-occupied. It is approximately 76,400 SF (1.5473 acres), is zoned BL-CR (Business-Local – Commercial Rural) and RC-2 (Agricultural).
The annual gross income of the property is $54,000 based upon the monthly gross income of $4,500. Disclosed Minimum Bid at Auction: $150,000.
Property Address and Auction Location – 20233 Old York Road, White Hall, MD 21161
Auction Date/Time – Wednesday, March 4 at 12:00pm
Please contact Stephen Karbelk, CAI, AARE, at 571-481-1037 orstephen@auctionmarkets.com. and visit AuctionMarkets.com for more information!
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