Introducing a large land opportunity in South Auburn located just blocks from Hwy 18 and spanning an entire block along A St SE. The underlying Heavy Commercial C-3 Zoning of the property permits a wide range of users including outdoor retail/wholesale, dealerships, service providers, limited outdoor storage and fabrication, and more.
Auburn’s business friendly environment and significant growth over the last business cycle have created an excellent labor pool and improving demographics to support a wide array of possible uses for the site, though it is entirely functional in its present form to continue as a mix of contractor yards, automotive sales, and mixed residential use.
The site is partially owner-occupied by AC Moate Industries, a regional paving company. The remainder of the site is occupied by two residences, and several other smaller businesses using portions of the site for outside storage, vehicle parking, and sales activities. The Seller can deliver the site vacant, or remain on site for a leaseback for up to 1 year.
This property lies in a federally designated Opportunity Zone, qualifying investors for significant capital gains tax deferral and potential tax-free appreciation if held for 10+ years through a Qualified Opportunity fund (QOF). This overlay increases the ROI for real estate developers and offers a 10 year tax free exit and a great alternative to a 1031 exchange offering a longer run way and step up basis potential.