7032 E Lincoln St

Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, March 18th, 2025 at 2 PM (cst) | BIDDING CLOSING: Wednesday, April 2nd, 2025 at 2 PM (cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!! This is an exceptional opportunity to acquire the Lincoln Shopping Center, a well-established strip center offering fantastic potential for investors or business owners looking to expand. The property consists of 7 individual storefronts, with 2 rented on a month-to-month basis, generating immediate income. The building spans 7,780 square feet, providing ample space for multiple tenants. It is suitable for various business types, including retail and office use, with each unit equipped with one to two bathrooms, and one unit featuring a full kitchen. The property sits on approximately 0.83 acres, with a paved parking lot offering around 40 spaces and 2 curb cuts for easy access. Additionally, the property benefits from freestanding signage and signage on the building, ensuring visibility to an average of 8,640 cars passing by each day. Zoned as Limited Commercial and Critical Area of Interest near McConnell Air Force Base. Two units are currently rented: 7050 E. Lincoln St: Rented at $1,000 per month on a month-to-month basis. This tenant will likely vacate by closing, if not by the end of the year. 7062 E. Lincoln St: Rented at $85 per weekon a month-to-month basis. It is believed the beauty shop owns the chairs and furnishings. The current annual income is $16,420, with potential for further growth once fully occupied. This property is ready for new ownership to unlock its full potential, making it an ideal investment opportunity or business location. Whether you're seeking an income-generating investment or a place to establish your business, the Lincoln Shopping Center is a great property! 2 tenants currently occupy the property. There are no written leases available for the property.Any personal property remaining in the property at closing will be considered abandoned property. *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is" condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or seller's agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyer's premium ($2,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount of $10,000.