New Bedford, MA (PRWEB) September 7, 2008
JJManning Auctioneers is proud to offer this 111,248+/- sf. historic 4-story brick mill/warehouse building. Prime location near the busy signaled intersection of Orchard St. & Rockdale Ave., at the New Bedford/Dartmouth town line with unobstructed visibility from all directions. The neighborhood includes: Dunkin Donuts, Stop & Shop, Burger King, Brooks Pharmacy, and other high traffic retailers. This site has tremendous redevelopment potential, either through conversion of the existing structure for a number of possible uses from self-storage to multiple residential, or through demolition to make way for retail or other new construction.
*Assessed for $1,274,800, this property will be sold to the highest bidder above $500,000, regardless of price.
TAX ASSESSMENT (2008): $1,274,800
SITE AREA: 1.22+/- ac. (53,143+/- sf.)
ZONING: Mixed Use Business (see Property Information Package for correspondence with City regarding potential uses)
FEMA ZONE: B, non hazard
FRONTAGE: 195+/- ft.
PARKING: 29+/- spaces
BUILDING: 111,248+/- sf. 4-story brick mill/warehouse on a concrete slab built c. 1880 with later 2-story additions. Comprised of 3 units. Renovations include a new fully adhered rubber roof in 2003.
CLEAR CEILING HEIGHT: 12+/- ft.
HEAT: 1st (oil) & 2nd (gas) floors heated
WATER & SEWER: City
FIRE SUPRESSION: Dry sprinkler system on 3rd & 4th floors
LOADING DOCKS: 4, 3 dock height & 1 grade level
RE TAXES (2008): $27,420.95
PROPERTY ID: Plot 19 Lot 50 (a/k/a 685 Orchard St.)
LEGAL REFERENCE: Bristol County (Southern) Book 7843 Page 17
*Absolute Auction: Wed., October 8, 2008 at 11:00 a.m. Bid Live at Auction Site.
Preview: Wed., October 1st (11am-1pm)
Terms of Sale: 10% deposit of which Twenty-five Thousand Dollars ($25,000.00) must be presented in cash, certified or bank check. Remainder of the 10% deposit in wire transfer, cash, certified or bank check by 5pm ET on Tuesday, 10/14/08. Balance in 45 days. 10% Buyer's Premium. Other terms, if any, announced at the sale.
Online Bidding Terms: Visit http://www.JJManning.com, mandatory 72 hour pre-registration.
Buyer's Broker Terms: 2% Broker Commission Offered. Visit http://www.JJManning.com, mandatory 48 hour broker pre-registration.