This auction has been rescheduled due to circumstances beyond our control to Thursday, June 3rd at 11:00AM.
Built in 1985, this single-story building consists of 4,982+/- square feet and is situated on approximately 2.43 acres with 18 parking spaces. The property abuts three different streets, including Delsea Drive, Vermillion Lane, and Sienna Lane. The zoning is Commercial-6 (C-6) which allows for retail, office and family day care (conditioned on meeting requirements).
Details
The property is located in the heart of the Glassboro shopping district, with strong visibility from Delsea Drive. Delsea Drive is the main thoroughfare traveling through the shopping district and is traveled by more than 14,000 vehicles per day. Just south of the site is a CVS, Kmart, ACME, Staples, Food Basics, Shop Rite, Pep Boys Auto, several eateries and strip centers. North of the property is primarily established single-family residential.
With superb location, access and property size, this building would be ideal for medical, office or retail use. The property also provides a unique opportunity for additional development or expansion due to the lot size.
Note: A Buyer’s Premium will apply for this property. Please see Terms of Sale for details.
To receive the property information package, please complete, sign, and return the
confidentiality and non-reliance agreement to Williams & Williams.
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Reference
301057 00--KS-CL/06-2010
Broker Licences
1110 N Delsea Dr Glassboro, NJ 08028
Real property in the Borough of Glassboro, County of Gloucester, State of New Jersey, described as follows:
All that certain Lot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the Borough of Glassboro, County of Gloucester, State of New Jersey
BEGINNING at the intersection of the Northwesterly line of Vermillion Avenue (50 feet wide) and the Southwesterly line of Sienna Lane (50 feet wide) and extending; thence
(1) South 77 degrees 05 minutes West, along said Vermillion Avenue, a distance of 639.40 feet to a point; thence
(2) North 43 degrees 15 minutes 45 seconds West, a distance of 45 feet to a point of curve in the Northeasterly line of Delsea Drive (N.J. State Highway #47); thence
(3) Northeastwardly along said Delsea Drive, with a radius of 3,960 feet, an arc distance of 88.47 feet to a point of compound curve; thence
(4) Still along same, Northeastwardly with a radius of 6939.56 feet, an arc distance of 56.69 feet to a point; thence
(5) North 77 degrees 05 minutes East, a distance of 604.78 feet to a point in the Southwesterly line of Sienna Lane; thence
(6) South 12 degrees 55 minutes East, along said Sienna Lane, a distance of 172.17 feet to the point and place of beginning
NOTE: FOR INFORMATION ONLY: Being Lot(s) 12, Block(s) 408.27; Tax Map of the Borough of Glassboro, County of Gloucester, State of New Jersey
1110 N Delsea Dr Glassboro, NJ 08028
Each high bidder must make a 10% ($2,500 minimum-whichever is greater) non-refundable deposit per property immediately following the auction. Cash, Cashier's check, and personal checks (electronically processed) are accepted.
A 3% buyer's premium does apply to this property.
Closing shall take place on or before 30 days from seller's acceptance date.
Title to the real estate is being conveyed. Personal property may be present. Removal of personal property remaining on the site at the time of closing will become the responsibility of the new owner. Buyer agrees to remediate all necessary repairs and accepts responsibility for all compliance measures required before occupancy. Buyer agrees to assume all liability for any defects of the property, and holds seller harmless for any defects thereof.
Property may be subject to undisclosed city/county requirements for transfer and buyer agrees to be responsible for compliance including all costs and remediation's that may be necessary including but not limited to escrowing of funds, improvement upon property, etc. Buyer is purchasing this property as-is.
NJ RE LIC 8910502 PETER COSTANZO BROKER
RE LIC 8900421 PETER COSTANZO AUCTIONEERS INC BROKER