BUSINESS & RESIDENTIAL INCOME PROPERTY AT AUCTION

PRIME RED BANK SHREWSBURY AVE LOCATION


±2,904 SF 2 1/2 STORY BLDG – 3 LOTS W/ 128 FT FRONTAGE – SHREWSBURY AVE – RED BANK

1,452 SF COMMERCIAL SPACE ON 1ST FLOOR -W/ 1,452 SF APARTMENT UPSTAIRS

3 CAR GARAGE, MATURE LANDSCAPING, CLOSE TO DOWNTOWN RED BANK

 

$275,000 NOMINAL OPENING BID

LIVE ON-SITE AUCTION
Begins: 10/17/18 at 11:00 AM EDT
Location: 240 Shrewsbury Ave, Red Bank, NJ 07701
INSPECTION
Began: 10/07/18 at 12:00 PM EDT
Ended: 10/07/18 at 3:00 PM EDT
Location: 240 Shrewsbury Ave, Red Bank, NJ 07701

INSPECTION
Began: 10/14/18 at 12:00 PM EDT
Ended: 10/14/18 at 3:00 PM EDT
Location: 240 Shrewsbury Ave, Red Bank, NJ 07701

INSPECTION
Begins: 10/17/18 at 9:00 AM EDT
Location: 240 Shrewsbury Ave, Red Bank, NJ 07701


REAL ESTATE AUCTION

 

RED BANK, NEW JERSEY 

INCOME PRODUCING INVESTMENT PROPERTY 

$275,000 NOMINAL OPENING BID

 

2 & 1/2 STORY BUILDING -1,452 SQ. FT. COMMERCIAL 1ST FLOOR SPACE W/ 1,452 SQ. FT. 2ND FLOOR APARTMENT W/FULL BASEMENT, 3 CAR GARAGE, LARGE BACKYARD, AND ATTIC.

ZONED MIXED USE- NEIGHBORHOOD BUSINESS.

 

READY FOR OCCUPANCY AND RENTAL INCOME!

 

~ BUSINESS RELOCATING – PROPERTY MUST BE SOLD ~

 

WEDNESDAY OCTOBER 17, 2018 AT 11:00 AM

ON PREMISES: 240 SHREWSBURY AVE. 

RED BANK, NJ 07701

 

 

PROPERTY FEATURES240 Shrewsbury Ave. is a 2.5 story building, currently being operated as a funeral home with a covered porch, foyer, 5 rooms and 2 bathrooms on the 1st floor and the 2nd floor proprietors apartment has a large eat-in kitchen with high end finishings such as; granite counter tops, spacious cabinets, tile floor, and stainless steel appliances, 3 bedrooms, 1 full bath, small deck, w/ back stairs. The property has a full height attic and basement w/ outdoor exit. The first-floor commercial space is approx. 1,450 sq. ft. and the 2nd floor apartment space is approx. 1,450 sq. ft. for a total of ± 2,900 sq. ft. of livable area. The property consists of 3 lots, circular driveway, with mature landscaping, quiet private wooded area and a freestanding 3 car garage. The property is 128 ft by 177 ft. with 128 ft. frontage on Shrewsbury Ave.

 

UTILITIES: CITY WATER & SEWER, GAS FORCED HOT AIR HEAT, AND CENTRAL AIR THROUGHOUT

 

TAX INFORMATION: 2018 TAXES – TOTAL: $17,950 FOR BLOCK 78, LOTS 12, 13 & 14

FULL TAX INFO AND PROPERTY ASSESSMENTS, TAX MAP, SURVEY, AND PROPERTY CARDS LOCATED UNDER “DOCUMENTS”.

 

TERMSBidding: Registration and deposit verification required to bid. ALL PROSPECTIVE BIDDERS MUST REGISTER WITH THE AUCTION COMPANY ON AUCTION DAY, PRIOR TO THE START OF THE AUCTION. An initial deposit of $25,000.00 in cash, certified check or bank check and signed contract are required at close of bidding. (See documents for sample contract.) HIGH BID PRICE & CONTRACT IS SUBJECT TO ACCEPTANCE BY THE SELLER.The balance of the 10% deposit/down payment may be made in personal, business check, or wire transfer within 48 hours after the auction or within 48 hours from acceptance by the seller. A 10% BUYER’S PREMIUM WILL APPLY. PROPERTY WILL BE OFFERED WITH A NOMINAL OPENING BID OF $275,000.00. PROPERTY IS SOLD “AS IS” FREE & CLEAR OF ALL LIENS, CLEAR INSURABLE TITLE GUARANTEED. 

 

OPEN HOUSE AND PROPERTY INSPECTION: SUNDAY OCTOBER 7, 2018 FROM 12-3 PM AND OCTOBER 14, 2018 FROM 12-3 PM, & FROM 9:00 AM MORNING OF SALE WEDNESDAY OCTOBER 17, 2018, AND BY APPOINTMENT.

 

AUCTIONEER’S NOTE: BUSINESS IS RELOCATING, OPPORTUNITY TO PURCHASE BUSINESS AND RESIDENTIAL INCOME PROPERTY AT AUCTION. PLEASE CALL AUCTIONEERS OFFICE FOR FURTHER INFORMATION AND A BIDDING PACKET. 

 

REALTORS ARE PROTECTED AND PARTICIPATION IS ENCOURAGED.

CHECK “DOCUMENTS” TAB ABOVE FOR REALTOR TERMS, BROKER/CLIENT REGISTRATION FORM & SAMPLE CONTRACT.

 

A.P. NATOLI & PETER COSTANZO AUCTIONEERS & REALTORS

NJ R.E. LIC. 8900421 Peter Costanzo Auctioneers, Inc.

R.E. Lic. 8910502 Peter Costanzo

 

THE AUCTIONEERS GROUP

A.P. NATOLI / PETER COSTANZO

(609) 693-6899 / (732) 776-7222

www.theauctioneersgroup.com

Bidding: Registration and deposit verification required to bid. ALL PROSPECTIVE BIDDERS MUST REGISTER WITH THE AUCTION COMPANY ON AUCTION DAY, PRIOR TO THE START OF THE AUCTION. An initial deposit of $25,000.00 in cash, certified check or bank check and signed contract are required at close of bidding. ( See documents for sample contract.) HIGH BID PRICE & CONTRACT IS SUBJECT TO ACCEPTANCE BY THE SELLER. The balance of the 10% deposit/down payment may be made in personal, business check, or wire transfer within 48 hours after the auction or with 48 hours from acceptance by the seller. A 10% BUYER’S PREMIUM WILL APPLY. PROPERTY WILL BE OFFERED WITH A NOMINAL OPENING BID OF $275,000.00. PROPERTY IS SOLD “AS IS” FREE & CLEAR OF ALL LIENS, CLEAR INSURABLE TITLE GUARANTEED.

Click on any image to view larger.

Click on any image to view larger.

Your auction should be printing now. If not, please click here.

AuctionServices