Foreclosure - 18,400+/- sf Neighborhood Retail Center

Real Estate Auction in 711 Brick Kiln Blvd, Newport News Virginia, United States

12 Thursday
December 12th, 2019 12:00 PM

Foreclosure - 18,400+/- sf Neighborhood Retail Center

Real Estate Auction in 711 Brick Kiln Blvd, Newport News Virginia, United States

Thursday at - 12th December , 2019

Notes

Buyers premium: 8% Buyers Premium based on the high bid.
Closing: 45-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: Minimum deposit of $75,000 in guaranteed funds, with 10% due within 2 business days.
Broker Coop: 1.5% of the high bid will be paid to a properly registered broker at settlement.

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




Auction Items For Sale

Attractive neighborhood strip center, located at a primary access to the Kiln Creek PUD. Now vacant, the Property had been owner occupied by a family entertainment venture that included laser tag, indoor bumper cars, putt putt and numerous other activities. Features include:

  • Traffic Count: approximately 13,400 VPD
  • Superior visibility and access, with +/-3103 road frontage
  • +/-2.05 acre site
  • Approximately 76 parking spaces
  • Desirable C-1 zoning; uses permitted by right include retail, office, medical facilities, pharmacy, daycare, preschool, convenience store, food market, restaurant, micro brewery/winery/distillery and other possibilities.
  • Wet sprinkler system
  • Attractive landscaping
  • +/-18,400 s/f, not including mezzanine
  • Favorable demographics: population of nearly 10,000 within 1 mile and nearly 80,000 within 3 miles
  • If buyer wishes to continue as a family entertainment use, the bumper cars and other personal property are available but do not convey with the real estate


Parcel ID#: 132.00-02-03
2019 Tax Assessment: $2,191,000
2019 Annual Taxes: $26,730.20


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