Absolute Auction of Former Bank Branch in Ventnor, NJ (Atlantic County)
Selling Absolute - No Minimums, No Reserves
Auction Location
Sold for $304,500
Sold for $304,500
NEW JERSEY
#401 -FORMER BANK BRANCH in VENTNOR HEIGHTS
Sells Regardless of Price to High Bidder
Selling Onsite with Live Webcast Bidding Thursday, November 21st at 10 am ET
2,060+- SF brick and glass sided former bank branch with 2 covered drive through lanes, constructed in the mid 1970’s, on .358 acre 120 x 130 lot fronting on Wellington Avenue with two curb cuts on each of Little Rock Avenue and Victoria Avenue. Property is located in Atlantic County, Lot 1 Block 339.
A Phase 1 ESA revealed no recognizable environmental conditions in connection with the site, although there have been some dampness issues in the building. Certain asbestos containing materials were observed in a 2008 study. Zoned Medium High Density Residential. ATM onsite is scheduled to be removed November 15th.
Address: 5301 Wellington Ave, Ventnor City, NJ 08406
Local Contact: Bob Dann, (908) 735-9191 or Toll Free (888) 299-1438
Inspection: Wed, November 13, 2013 - 12-2 PM
Auction conducted in cooperation and conjunction with:
Max Spann Real Estate Auction Company, NJ Auctioneer & Broker, Robert L. Dann Auctioneer Lic#AU005609
View an Interactive Google Map of all Properties in this Auction at
http://goo.gl/maps/4KtFi
TOLLFREE 877-980-9565
Terms: Bank Proof of Funds Required to Bid,5% Buyers Premium added to winning bid to determine sale price, Greater of 10% or $2,500 Earnest Money Deposit, close in 45 days.
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