Vine Street Redevelopment Opportunity Philadelphia, PA

Bankruptcy-Ordered Vine Street Redevelopment Opportunity, Philadelphia, PA

• OPENING BID: $25,000
•  10,034± SF corner parcel with frontage on three streets in West Philadelphia 
• Located at the intersection of Vine Street, North 53rd Street, and North Peach Street
• Approx. 6,366± SF three-story existing building
• Strong visibility and access with frontage on three streets
• Located within an RSA-3 zoning district
• Existing structure may present adaptive reuse or redevelopment potential subject to buyer approvals
• Sold pursuant to Chapter 11 bankruptcy proceedings

 

Click “ACCESS PROPERTY DOCUMENTS” to review the Property Information Package, including the purchase and sale agreement, bankruptcy sale documents, due diligence materials, complete terms and conditions of sale, and instructions for becoming an approved bidder.

Tranzon Alderfer Lic. Real Estate Broker. Sanford L Alderfer, PA Auction Lic# AU-001980-L & RM422401

Tranzon Driggers, Lic. Real Estate Broker. Jon Ketmann Barber, FL Auction Lic# AU4586 & AB3145 | 10% Buyer’s Premium

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Joseph Achenbach

Joseph Achenbach: Tranzon Alderfer

800-577-8845 jachenbach@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: Closing shall occur within thirty (30) days after the auction or within ten (10) business days after the Sale Confirmation Order becomes final and nonappealable, whichever is later. Sold “AS-IS WHERE IS WITH ALL FAULTS,” with no warranties of title whatsoever.
• Deposit Amount: To become an approved bidder, a $10,000 wire or cashier’s check is required. Winning bidder required to increase their deposit to 10% of the purchase price via wire transfer to closing agent within 24 hours. Please see Property Information Package for complete details.
• Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.