Prime Waxhaw Resid./Commercial Real Estate Online Auction

Description

Auction Opportunity Residential & Automotive Compound with Development Potential 308 Rehobeth Road, Waxhaw, NC 28173 Union County | Parcel IDs: 05114005A & 05114005B Buyers Premium: 10% ONLINE ONLY Auction starts Sunday Oct 12th @ 6pm EST and ends on Sun Nov 16th @ 6pm EST. The Offering: Own a multi-use property package just minutes from Downtown Waxhaw. This unique 4.75-acre compound includes both a single-family residence and an automotive service complex, offering a rare combination of residential living, income potential, and land for future development. Property Summary Parcel 1 Residential Home Address: 308 Rehobeth Rd, Waxhaw, NC Lot Size: 0.67 acres Residence Size: 1,566 SF Heated Living Area Bedrooms/Baths: 2 Bedrooms | 1.5 Bathrooms Amenities: Above-ground pool & hot tub Covered front porch & rear deck Generac gas-powered backup generator Paved driveway with carport Condition: Average overall with deferred maintenance noted (crack in bedroom ceiling/wall) Zoning: R3 Single-Family Residential Utilities: City water/sewer, natural gas, electric Flood Zone: X (minimal risk) Parcel 2 Automotive Service Facility Address: 308 Rehobeth Rd, Waxhaw, NC (adjacent parcel) Lot Size: 4.086 acres total (2.45 acres excess land fronting Mill Street) Improvements: 2,420 SF Auto Service Garage (1988) 2,220 SF Auto Service Garage (1980) 1,944 SF Six-Bay Garage with HVAC (2000) Topography: Level with paved parking and driveways Zoning: R3 Single-Family Residential (grandfathered commercial use for auto service) Utilities: City water/sewer, natural gas, electric Flood Zone: X (minimal risk) Potential Uses: Continued auto service operation, rental income, or potential residential redevelopment (subject to zoning) Investment Highlights Flexible Use: Live onsite and operate a business, lease out the auto shop, or redevelop all or part of the land Development Potential: 2.45 acres of excess land fronting Mill Street may support subdivision or residential construction Strategic Location: Less than 1 mile from Downtown Waxhaw 20 miles southeast of Uptown Charlotte Strong Market Demographics: Waxhaw median household income: $128,115 Union County home values are up nearly 6% year-over-year Comparable Sales: Residential comps between $265K$400K Automotive assets in the Charlotte MSA have traded for $1.1M$1.5M depending on size and location Auction Terms Buyers Premium: 10% Deposit: 10% non-refundable deposit via wire within 3 days of close of auction. Sale Type: As-is, where-is, no contingencies Closing: Typically 30 days from contract execution Broker Participation: Available (contact for terms) Inspection & Due Diligence Property tours available by appointment prior to auction. All bidders are encouraged to conduct full due diligence before bidding. Contact Information For registration, property information, or to schedule a tour: Chuck Nance 980-581-1622 chuck@portcityauctions.com Disclaimers All information provided is believed accurate but is not guaranteed. Bidders must rely on their own inspections. Sale is subject to seller confirmation. Port City Auctions Chuck Nance NCREL#218972 980-581-1622