Your opportunity to acquire a high-traffic retail site with a stand-alone building and mid-rise zoning in place in the heart of Orleans. The lot is 18,212 sf with AM3 zoning permitting up to 30 meters of development to a maximum of nine stories. Additional uses include restaurant, retail, mixed-use, and residential to name a few. The building is 1,982 sf and is rented to an auto glass repair tenant with a lease expiring September 30, 2026. The lease is fully triple net. The building has more than 200 amp 600-volt 3-phase power with a transformer installed. Purchase this property for your personal future use or development project. The property valuation reflects the opportunity for an owner/operator, or developer and is not based on the income approach. The tenant has an option to renew the lease for two terms of five years. The Seller is willing to facilitate negotiations for the Buyer to buy out and terminate the lease if vacant possession is desired. (id:47423)
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Detailed Information
Bathrooms
1
Lot
112.33 x 162.25 ft
Listing Contract Date
2024-12-03
Location Description
East/West
# of Parking Spaces
22
Property Type
Retail
Transaction Type
For sale
Zoning Description
AM3
Business
Business Type
Automobile
Business Subtype
Automotive
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
112.39 x 162.26 FT
Size of Irregular Land
112.39 x 162.26 FT
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