315 W Market St

Investment Highlights

ALL INQUIRES MUST BE VIA EMAIL W. Market Street - 12,000+ Cars Per Day 25,000+ Residents (5-Mile)

Executive Summary

ALL INQUIRES MUST COME VIA EMAILThe owner of this property was forced to evict the former Denny?s operator June 17, 2024 for the tenants failure to pay rent for over 8 months.The property is available immediately for an owner-user or developer to reposition the asset. The building is offered ?As-Is? and showings can be arranged for qualified buyers demonstrating proof of funds to close.A non-binding Letter of Intent should be submitted for review and consideration. The seller will require a $25,000 initial deposit and provide a prospective buyer 21 days to complete due diligence, which is plenty of time to obtain a building inspection, Phase I and ALTA survey is desired. A prospective buyer will be required to increase the deposit to $50,000 total at the end of the Inspection Period at which time the deposit must be released to the Seller as non-refundable, however a buyer may have 30 days from the release of all contingencies to close escrow. This is adequate time for a qualified buyer to obtain financing if desired, but the Seller will not grant a financing contingency.The building is NOT offered for lease.There is no Seller financing available.information we will receive in the next 30 days.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    3,828
• Building Class    C
• Year Built    1962
• Price    949,000
• Price Per SF    248
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    1.28 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Pylon Sign