In Cooperation With Lender, Income Producing Shopping Center

Real Estate Auction in

30 Wednesday
30th September, 2020 2:00 PM

In Cooperation With Lender, Income Producing Shopping Center

>Real Estate Auction in

Wednesday at - 30th September , 2020

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: 45-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit due within 24 hours of being notified that you are the successful high bidder.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

Description

In Cooperation With Lender: Income producing shopping center on busy route 17 in Gloucester Point, Virginia!

  • Current rental income with upside potential
  • High traffic location on the busy US Route-17 highway
  • Near historic attractions, park and waterfront resort areas
  • Well located 1.5 miles north of Yorktown


The shopping center is located in the Gloucester Point area of Gloucester County, Virginia, situated along the route-17 corridor just north of Yorktown across the Coleman Bridge, and just south of the Village of Gloucester. Points of interest include historic Yorktown, which includes the Colonial National Historic Parkway, Yorktown Victory Monument, Colonial National Historical Park Archaeology, Yorktown Beach, and other local attractions. Gloucester has been dubbed an exurban locality in the Hampton Roads market. The Gloucester, Deltaville and Yorktown waterfront areas are a frequent weekend and summer vacation destination for Richmonders and Washingtonians.

The shopping center is approximately 38,000 sq.ft. consisting of 18 units with a variety of tenants comprising various retail and service oriented businesses. The gross potential income for the center is $400,000+/- with a current annual generated income of $137,700. The shopping center holds a premier anchor tenant in West Marine, which has been at this current location since 2005. The 4 curb cuts provide ample access and exposure. Thousands of cars drive by the shopping center upon entering and leaving Gloucester Point.


Please be sure to download the Property Information Package by clicking on the words under “Documents.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

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Location has been calculated by address and may not be 100% accurate.




Auction Items For Sale

In Cooperation With Lender: Income producing shopping center on busy route 17 in Gloucester Point, Virginia!

  • Current rental income with upside potential
  • High traffic location on the busy US Route-17 highway
  • Near historic attractions, park and waterfront resort areas
  • Well located 1.5 miles north of Yorktown


The shopping center is located in the Gloucester Point area of Gloucester County, Virginia, situated along the route-17 corridor just north of Yorktown across the Coleman Bridge, and just south of the Village of Gloucester. Points of interest include historic Yorktown, which includes the Colonial National Historic Parkway, Yorktown Victory Monument, Colonial National Historical Park Archaeology, Yorktown Beach, and other local attractions. Gloucester has been dubbed an exurban locality in the Hampton Roads market. The Gloucester, Deltaville and Yorktown waterfront areas are a frequent weekend and summer vacation destination for Richmonders and Washingtonians.

The shopping center is approximately 38,000 sq.ft. consisting of 18 units with a variety of tenants comprising various retail and service oriented businesses. The gross potential income for the center is $400,000+/- with a current annual generated income of $137,700. The shopping center holds a premier anchor tenant in West Marine, which has been at this current location since 2005. The 4 curb cuts provide ample access and exposure. Thousands of cars drive by the shopping center upon entering and leaving Gloucester Point.


Please be sure to download the Property Information Package by clicking on the words under “Documents.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

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