Auction: Swampscott, MA - 6,360sf Commercial/Retail Building in Vinnin Square Plaza ~ Currently Divided into 2 Units

6,360sf Commercial/Retail Building in Vinnin Square Plaza ~ Currently divided into 2 units - 2,438sf & 3,922sf ~ Co-tenants: CVS, Panera, Hallmark & Sleepy's

Swampscott, MA (PRWEB) May 28, 2009 -- JJManning Auctioneers and SRS Real Estate Partners is proud to offer this 6,360+/- sf. commercial building in the 48,425+/- sf. Vinnin Square Plaza. This is in a high-visibility Paradise Road (Route 1A) location near Stop & Shop, Whole Foods Market, Staples and other high traffic retail stores. The building is currently divided into 2 units: 2,438sf (former Finagle a Bagel) & 3,922sf (former Blue Tulip). Co-tenants include CVS, Panera, Hallmark and Sleepy's. Route 1A is a key commuter route between Boston and the affluent North Shore communities of Swampscott, Marblehead, Salem & Beverly. The property is in a prime retail area for the region featuring shopping, dining, and services.

Open House(s): Fri., June 5th and Thu., June 11th (from 11am-1pm)
Auction: Thursday, June 18th at 11am on-site

TAX ASSESSMENT: $1,743,200

PROPERTY BUILDING AREA: 6,360+/- sf.

PROPERTY LAND AREA: .587+/- acres

PLAZA PARKING: 325+/- spaces

ZONING: B-3

PARCEL ID: Map 17 Block 46 Lot 0 (17-46-0)

PLAN REF.: S. Essex County Bk 26874 Pg 180

SHARE OF COMPLEX OPERATING EXP.: 9.97%

STRUCTURE: Steel frame on concrete slab built c. 1955, renovated in 2007

RESTROOMS: 4 (2 per unit)

UTILTIES: Municipal water & sewer, natural gas, electricity, telephone

Terms of Sale: 50K certified, 5% within 3 business days. 45 days to close. Full terms in PIP. Please visit www.JJManning.com for more information.

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