AUCTION - REAL ESTATE Investment Property

AUCTION - REAL ESTATE Investment Property

MEGA AUCTION PROPERTY - Commercial Property Located in Downtown Lebanon - Outstanding Location.
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Property Inspection - One hour prior to auction.  Or call for private showing.


Outstanding Location in Downtown Lebanon

Extremely High Visibility

Three-story Commercial Investment Building

-Restaurant, State Health Center, Office/Business

-Four Apartments located above Retail Space

Property also includes the parking lot attached to building 

(Approximately 40 parking spaces rented monthly)

Total Acres: 0.52 

Gross Building Square Footage - 13,628


State Health Center - Approx. 2,800 sq. feet

-Recently renewed 5 year lease (May 2009)

Public Water/Sewer

Taxes: Approx. $7,700

Rents are as follows per month:

Apartments 1-4: $550, $450, $550, $505

Restaurant: $650

State Health Center: $3,158.58

Office Area: $625 (Vacant)

Owner is responsible for the following expenses:

Restaurant - Water, Sewer/Trash

Office Area/Apartments - Heating, Water, Sewer/Trash

State Health Center - All Utilities, Including Janitorial Service

TERMS: A 10% deposit will be collected on the day of the auction with the balance to be paid in 60 days. A three percent buyer's premium will be collected on the final purchase price.