Absolute Above 350K -- Retail/Warehouse Building on .81+/- ac.

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45,870+/-sf. Retail/Warehouse Building on .81+/- acres with Many Potential Uses - Near Major Highways.

JJManning Auctioneers is proud to offer this 45,870+/- sf. retail/warehouse building on .81+/- acres set in a prime location midway between I-295 & I-495 on the RI/MA border with easy access to major highways; just 15 miles from Providence, RI and 30 miles from Worcester, MA. There's strong potential for a wide variety of uses including retail showroom, market, moving, etc. The building is vacant to allow for immediate conversion and/or use.

*Tax Assessed at $656,700 - to be sold to the highest bidder above $350,000.

SITE AREA: .81+/- ac. (35,262+/- sf.)
ZONING: MU-1
PARCEL ID: 35/D/148/6
TAX ASSESSMENT: $656,700 ($75,100 Land & $581,600 Improvements)
RE TAXES (2008): $20,998.63
COUNTY: Providence
LEGAL DESCRIPTION: See Property Information Package
FRONTAGE: 255+/- ft. on Wood Ave. & 45+/- ft. on Burnside Ave.
PAVED PARKING: 40+/- spaces
FEMA ZONE: C, non-hazard
FEMA MAP: Panel 445411 0002 B (1/6/82)
YEAR BUILT: Between 1985-1988 over 37,000 sf. was built as 3 additions to the original 8,000+/- structure built in 1946
BUILDING: 45,870+/- sf. 2.5-story wood & stucco retail showroom/warehouse with an open floor plan presently configured for 26,000+/- sf. of finished retail space on 3 levels with the balance as storage
BASEMENT: 2,244+/- sf., finished
CEILING HEIGHT: 9-11 ft.
HVAC: Gas heat & central a/c in retail portion
WATER & SEWER: City
ELECTRIC: 400 amp
LOADING DOCKS: 3, tailgate
EXTRAS: Conveyor belt from loading area to upper level

*Absolute Auction: Wed., October 22, 2008 at 11:00 a.m. Bid Live On-Site or Online.
Preview: Wed., October 15th (11am-1pm)

Terms of Sale: 10% deposit of which Twenty Thousand Dollars ($20,000.00) 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 Monday, October, 27, 2008. 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 website, mandatory 48 hour broker pre-registration.

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JUSTIN MANNING
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