Description

REAL ESTATE AUCTION - TUESDAY, JUNE 17, 2008 AT 2:00 P.M.

The property, comprising 1.4 acres, is situated along the west side of York Road and comprises the northwest corner of York Road and Woodbourne Avenue and the southwest corner of York and Tunbridge Roads. The site fronts approximate 424'9" along York Road, 120' along Woodbourne Avenue and 125' along Tunbridge Road. Curb cuts from York Road and Woodbourne Avenue provide ingress and egress to a paved rear parking lot. All public utilities are in the site. The property is believed to be zoned B-2-2, commercial.

The improvements are believed to comprise a one story brick and block neighborhood retail center, constructed in the 1940's and renovated in the 1980's and 1990's, and a two story freestanding brick office building, constructed in the 1980's.

5400-5422 York Road, the retail strip, is currently configured for 8 retail tenants, including York Dollar World, Corky's Liquors, Sun Light Carryout, Adam & Eve Beauty Supply, Ace Check Cashing, Jack's Deli, Subway Subs and Dunkin' Donuts. The building comprises 13,954 gross square feet of gross building area with current gross monthly rent roll of $19,900. Tenants have leases. Each storefront has a roof mounted gas furnace and central air conditioning unit, separate utility meters and at least one rest room.

5438 York Road, the office building, is believed to be configured for 6 tenants spaces. The building is believed to contain 16,052 gross square feet, of which approximately 3,929 square feet are believed to be occupied, the primary tenant being H&R Block Tax Service. The rented area has a current monthly rent roll of $4,554. The building is centrally air conditioned, has common area rest rooms an attractive sign and curb appeal.