Description: This property is located in one of the only prime development areas remaining in Arlington, VA. It sits on the west end of the Clarendon Metro corridor on Wilson Blvd, and consists of 3 parcels totaling 16,073± square feet. The 2,400±sf retail building is currently home to Mario’s Pizza and Carvel Ice Cream and produces $12,500 per month in rental income. The C-2 zoning lends for a unique opportunity in that the developer has the chance to change the landscape of the current parcels while simultaneously collecting rent.
Utilities:
Water Provider - Arlington County
Electric Provider - Dominion Electric
Sewer Provider - Arlington County
Gas Provider - Washington Gas
Parcel #s: 19-014-023, 19-014-026 & 19-014-049
Area Features: The property is located just 2 miles from Georgetown, 6 miles from National Airport, 1 mile from I-66 and 2 miles from GW Parkway. Arlington County is located directly across the Potomac River from Washington, D.C. and is home to the Pentagon, The Marine Corps War Memorial and Arlington National Cemetery. It consists of high quality residential neighborhoods and is easily accessed by car and rail. The County’s population in 2009 was 217,483 and is increasingly diverse. Arlington is a huge employment center because of the Government and Services sectors, high technology companies, National Rural Electric Cooperative Association, and many Fortune 500 companies.
Address: 3322 Wilson Blvd. Arlington, VA 22201
On-site Auction Date & Time: December 20, 2012 at 1pm
Inspections: December 12, 2012 from 11-2 pm, December 20, 2012 from 11-1pm
Directions: Take I-66 to Exit 73. Turn right on N. Fort Myer. Turn right on Wilson Blvd and proceed to the property.
Summary of Terms: 10% Buyers Premium applies. No representations or warranties, expressed, written or implied by the Seller or Auctioneer. All property is being sold “AS-IS, WHERE-IS”. In order to register to bid at the auction, each bidder must show that they have a $250,000 Cashier’s Check or Certified Check with them, made payable to themselves. Once the winning bidder has been declared, the winning bidder will be required to endorse the $250,000 deposit to Segan, Mason & Mason, the designated escrow agent. Once the winning bidders contract is ratified by the Seller, the entire deposit becomes non-refundable and shall be applied to the purchase price at closing. The closing shall be by January 21, 2013. If the winning bidder closes on the sale on or before December 31, 2012, the Seller will give the winning bidder a 1% discount on the purchase price. This sale is subject to our motivated Seller’s approval. A 2.0% Broker participation offered, subject to the Auction Company guidelines. To receive the Property Information Package, including the Leases and Purchase & Sale Agreement, please download the Confidentiality and Non-Reliance Agreement from the auction company website, complete, sign and return it.
Terrapin Realtors, Broker# 0225069387, Stephen Karbelk, Auctioneer# 2907002576
