Description

Court-appointed receiver sale—1601 Dexter offers a rare opportunity to acquire a 2,705± SF mixed-use building on a 0.071-acre lot, complete with valuable off-street parking for multiple vehicles. The property has the potential to be converted into three separately demised units, plus an unfinished basement, allowing for flexible use as a live/work setup or an income-producing investment. Surrounded by ongoing development and within close proximity to popular retail, dining, and community amenities, the site provides strong long-term upside for both investors and owner-users. Sale Terms: A 10% buyer’s premium will be added to the highest acceptable bid to determine the final purchase price. The property is being sold As-Is, Where-Is, free and clear of all liens, with taxes prorated to the day of closing. The receiver will convey insurable title, but no financing or due diligence contingencies will be permitted. The sale is subject to court approval, and a 10% deposit of the final purchase price must be wired to the receiver’s title company within 24 hours of the auction’s conclusion. The receiver reserves the right, at its sole discretion, to accept or reject any bid or offer at any time without notice.