Auctions offer opportunities for business owners and real estate investors

EDISON, NJ – September 24, 2010 – Five commercial properties throughout central and south Jersey, including an office building, two former bank branches, residential lots and a liquor license, will go on the auction block next month.

Max Spann Real Estate & Auction Co., an industry-leading, full-service national auctioneer, has scheduled an auction for Thursday, Oct. 28 at 11 a.m. at the Sheraton Raritan Center, 125 Raritan Center Drive in Edison.

“This auction is a real opportunity for real estate investors, entrepreneurs and business owners to take advantage of the availability of surplus commercial properties,” said Max Spann, the president of the company. “There’s a real opportunity to get a great deal on these properties. Once the economy picks up, it may be too late.”

Spann said open houses have been scheduled from 11 a.m. to 1 p.m. on Wednesday, Oct. 13, and Wednesday, Oct. 20.

Four residential lots are available for auction in Atlantic Highlands, an area known for its incredible panoramic views. Interested buyers can purchase one or more lots. The property is the former site of the Hoffbrau Haus restaurant and is a great location for real estate investors to build their dream house - complete with a stunning view of Sandy Hook Bay and lower Manhattan as a back drop.

As a bonus, Max Spann is also putting the former Hoffbrau Haus restaurant liquor license up for auction. This is a great opportunity for restaurant owners to convert their BYOB business to a full-service establishment. It is also a chance for real estate investors to pick up a pocket license.

In Brick, Max Spann is auctioning a new 8,780-square-foot, two-story office building with elevator service. This property is located at the high traffic intersection of Drum Point Rd. and Hooper Ave. Nearby is the Ocean County Medical Center, Ocean County Mall, major retail shopping centers, and numerous professional buildings throughout the area. Its location also allows easy access to the Garden State Parkway, Route 9, 88, and 70.

In South Bound Brook, Max Spann is auctioning a 1,903-square-foot former bank branch with 14 parking spaces and two drive-throughs. It is located in a high traffic, high visibility area on Route 527 toward Easton Ave/New Brunswick. Nearby is access to Route 22, 28, 18, and it is just off Rt. 287.

Another former bank branch is available in Trenton and includes nine parking spaces, an elevator, basement, two bank vaults and offices on second floor. At one and half-stories, the masonry building sits on .28 acres and is located at the intersection of South Broad Street (Route 206) and Market Street (Route 33). It is also directly across from the Mercer County Courthouse and Mercer County Clerk’s Office. Its Business District (“BA”) designation allows for the use of retail sales, professional and business offices, restaurants and more.

To take the next step, call 888-299-1438 for the property information package. Preview the property at one of the open houses, attend the auction and bid. Online bidding will also be made available at www.maxspann.com.

For more information about Max Spann’s auctions, visit maxspann.com, or follow Max Spann on Facebook/MaxSpann and Twitter/MaxSpann.