HARTFORD, Conn., Aug. 19, 2015 /PRNewswire/ -- Located at 95 John Fitch Boulevard just off of Interstate 291, a development site that was formerly the location of South Windsor Ten Pin, is being sold at public auction on August 26th. The 4-acre property has over 350 Feet of frontage along John Fitch Boulevard (Route 5) in the greater Hartford area of Connecticut. The auction will be conducted online from 1PM to 4PM to allow people to bid from anywhere in the world if they choose. Interested bidders must submit a $25,000 deposit to the Auctioneer in order to participate in this one-time auction event. While this property was initially listed for $1,200,000, the reserve price at auction is only $362,500.
"This property is a prime retail development opportunity considering its extensive frontage along the highway, proximity to the interstate and the planned CT Studio project across the street," explained Oren Klein, Managing Partner of AuctionAdvisors. "In addition to being nearby major retailers, this is also right next door to Prime Wellness of Connecticut, the first medical marijuana dispensary in the state" he adds. The potential uses according to the zoning are quite broad and therefore the possibilities to develop this parcel are almost endless.
"This was a very popular local entertainment spot since the late 1950's, so when the bowling alley was demolished a few years ago residents had hoped a new bowling alley would go up in its place" explained Joshua Olshin, Managing Partner at AuctionAdvisors. "Over the last couple years, there has been a wide variety of interest from developers to business owners considering different redevelopment options for this site, but none appear dominant and the plan is for the auction process to bring a conclusion to this story," adds Mr. Olshin who notes that "this is an opportunity to get a great deal on a highly visible property."
The property will be sold free and clear of liens and encumbrances. For more information, please visit www.AuctionAdvisors.com, contact Oren Klein, AuctionAdvisors via email at firstname.lastname@example.org or by phone at 800-862-4348 ext. 703.
AuctionAdvisors, based in the New York metropolitan area, is a full-service auction company. With offices strategically located around the country, AuctionAdvisors services clients in the disposition of real estate, machinery, equipment and related assets. For a complete list of auctions and sales or to learn more about AuctionAdvisors visit www.auctionadvisors.com.
AuctionAdvisors Contact: 800-862-4348