Description
Lot for sale right on the corner at the busy intersection of State Road & Cottman Avenue. Property comes with leases for 4 billboards and is currently being used as a lot for parking but can be developed. Conveniently situated Just off 95 Exit with massive traffic counts and exposure for your business.This property is being sold as a package with a commercial/industrial property across the street (7309-7311 State Road) which is currently an auto body shop. The auto body shop lease is $4,100/month and includes the lot at 7300-7304 that they use for parking and the lease is through August of this year then goes month-to-month and tenant pays everything except taxes. The billboard leases are $6,480/year through August of this year at which time the rent can be renegotiated (and should be as that is very low). The seller would sell the building without the lot but would not sell the lot 1st.
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Description
Lot for sale right on the corner at the busy intersection of State Road & Cottman Avenue. Property comes with leases for 4 billboards and is currently being used as a lot for parking but can be developed. Conveniently situated Just off 95 Exit with massive traffic counts and exposure for your business.This property is being sold as a package with a commercial/industrial property across the street (7309-7311 State Road) which is currently an auto body shop. The auto body shop lease is $4,100/month and includes the lot at 7300-7304 that they use for parking and the lease is through August of this year then goes month-to-month and tenant pays everything except taxes. The billboard leases are $6,480/year through August of this year at which time the rent can be renegotiated (and should be as that is very low). The seller would sell the building without the lot but would not sell the lot 1st.
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