Listed by Better Homes and Gardens Real Estate Senter, Realtors
$225,000
401 Westwood Drive
Details
Property Type Special Purpose
Sub Type Other
Square Footage 5,064
Net Rentable (SqFt) 5,064
Units 12
Tenancy Vacant
Class C
Year Built 1983
Buildings 1
Lot Size (SqFt) 27,878
Zoning GR
Parking Spaces 12 spaces
Parking Per SqFt 2.37
Investment Type Redevelopment
Ground Lease No
Sale Condition Bank owned foreclosure
Former Grandy's | Redevelopment Opportunity | New Roof Prior to Closing
Marketing description
Former Grandy's restaurant offering a redevelopment and rehabilitation opportunity in a highly visible commercial location. The property has been priced with needed improvements in mind and provides an existing commercial structure that may be suitable for a variety of future uses, including restaurant, retail, office, or mixed-use concepts, subject to applicable approvals and requirements. The seller will install a new roof prior to closing. The property will require significant electrical repairs to restore power. Documentation regarding the electrical system is available through the MLS and may be provided to qualified buyers upon request. For buyers seeking an existing commercial building with strong fundamentals and the flexibility to create their own vision. Repurposing an existing structure can often provide advantages in both cost and timeline when compared to new construction. Bring your ideas and explore the possibilities this property has to offer.
Investment highlights
INVESTMENT CONSIDERATIONS
The asking price reflects the property's current condition and anticipated improvement needs. Buyers are encouraged to review available due diligence materials and evaluate the property's suitability for their intended use.
REDEVELOPMENT POTENTIAL
Existing commercial structures can offer meaningful advantages in both development timeline and overall project costs when compared to new construction. The building's existing footprint and commercial infrastructure provide a foundation for a variety of potential redevelopment strategies.
Listing Contacts
Listed by Better Homes and Gardens Real Estate Senter, Realtors
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