Interested in finding a place to run your next business operation? Then peruse our picks this week on commercial properties with plenty of opportunity for redevelopment.
Check out AuctionAdvisors’ lender-ordered REO commercial property with redevelopment site in Tolland, Connecticut. Known as “Gooseberry Corners”, this 19,912sf income-producing office/retail building sits on two contiguous lots encompassing a total of 5.94 acres of land. This property holds several office, retail and light industrial buildings that generate revenue. PA is picking this one for its prime location, just off busy Route 195 in the Gateway Design District. Auction date is December 10th.
With the holiday season rapidly approaching, we decided it’s the ideal time to explore some retail properties that are hitting the auction block to inspire that shopping spirit.
Check out David R. Maltz & Company, Inc.’s 6,000sf prime retail building in Bethpage, New York. Situated on a 12,840sf lot on a main thoroughfare with exceptional customer traffic, this sale is an ideal opportunity for an owner-user or business investor looking to acquire property in the retail sector. PA is picking this one for its optimum location, surrounded by national retailers including AutoZone, Walgreens and Starbucks. Auction date is December 11th.
Ever dream of owning your own hotel or motel? If so, you’re in luck – real estate in the hospitality sector has some very lucrative offerings hitting the auction block. Peruse our picks this week and you may be tempted to venture into the innkeeper business.
Take a look at Pamela Rose Auction’s 158-room hotel in Toledo, Ohio. Nestled on 7+ acres, this classic inn also comes with a full bar and dining room, and presents a host of opportunities for land investment or multi-unit commercial use. PA digs this one for its location, adjacent to I-280 and close to the Chrysler Jeep Plant. Online bidding ends November 21st.
Looking to move your place of business or start a new one? Or maybe acquire some commercial real estate to utilize as a rental property? Look no further – this week we’re highlighting some prime commercial properties hitting the auction block.
Take a look at AuctionAdvisors’ 5-story, concrete and metal building in Chattanooga, Tennessee. Location is at a premium with this property, adjacent to the First Tennessee Pavilion and Findley Stadium with optimal visibility from I-24 at Highway 27. Set on a solid building base, this property would support an additional 5 floors for expansion. PA is picking this one for its versatility, with potential use as a multi-family, commercial, industrial or special purpose property. Online auction date is November 12th.
We’re not there yet but very close to it. That’s right – ski season is rapidly approaching. What better way to prepare than to peruse some prime properties in the heart of ski country?
Take a look at Micoley’s modern mountain home in Park City, Utah. Situated on 10 acres in a gated community, this 5,455sf residence comes fully loaded with 5 bedrooms, 4 bathrooms, tile and wood flooring, lower level walkout, main level master bedroom, ski storage, air and water purifiers, fireplace and in-law suite. Did we mention the hot tub? Yup – it’s got that as well. PA is picking this one for its breathtaking views and close proximity to the slopes. Auction date is November 22nd.
On this week’s auction menu, PA is ordering up some prime restaurant properties that are sure to prove appetizing to advantageous business owners and investors seeking to add some real estate in the hospitality sector to their portfolios.
Check out Fisher Auction Company’s 7,625sf freestanding restaurant building in Twinsburg, Ohio. Formerly Damon’s Grill, this offering is set on 2 acres and provides ample parking with 121+ spaces. Strategically adjacent to a Hilton Garden Inn and Cracker Barrel, this property possesses vast potential for redevelopment or multiple commercial uses. PA is picking this one for its convenient and highly visible location at the intersection of I-480 and SR 82/E. Aurora Road, sure to bring in scores of customers. Auction date is November 5th.