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Two Main Street Properties in Matawan to be Sold During Bank Ordered Auctioned

A total of 11 properties, including one in Middletown, will be auctioned on Nov. 16.

Income properties, development sites, retail, a salvage yard and professional buildings in New Jersey and Pennsylvania will be sold at a bank ordered auction in November, with most being sold regardless of price, according to a press release from Max Spann Real Estate and Auction Company.

The auction is scheduled for Friday, Nov. 16 at 1 p.m. at the Double Tree on Frontage Street in Newark.

“The auction offers a variety of appealing properties around New Jersey and northeastern Pennsylvania,” said Max Spann, the president and CEO of the firm, in a press release.

“Right now, most of these properties are bank owned. We need to get them into the hands of investors who will be able to realize the full potential of these properties,” he said.

In New Jersey, Max Spann is auctioning nine properties in Monmouth, Bergen, Passaic, Warren, Sussex and Cumberland counties. In Pennsylvania, the properties are in Pike and Monroe counties.

Two buildings on Main Street in Matawan are among the properties to be auctioned. 

Located at 82 and 82 ½ Main Street, the properties offer several options for the eventual owner. One building can be used for retail, while the other building can be used for a professional or residential rental. The properties, which are close to the Aberdeen-Matawan NJ TRANSIT train station, will be sold absolute, regardless of price.

The Middletown property is a former daycare center located on 18 Kings Highway directly off the Route 35-Kings Highway interchange. The 7,800-square foot building, which can be used again for daycare, office or other uses, will also be sold absolute, regardless of price.

For a list of all the New Jersey and Pennsylvania properties to be auctioned, or for more information on the Monmouth County properties, call 888-299-1438 or visit maxspann.com.

JosephGhabourLaw October 09, 2012 at 08:58 PM
While these look like great deals, do take care. If you do get possession of the property, it most likely will be "as is." With New Jersey having complex regulatory issues, such as oil tank regulations, be careful of what "being lucky" and gaining title of your dream property could mean.
Mary October 11, 2012 at 03:24 AM
Very true, Joseph. Do as much due diligence as possible prior to the purchase. Your "bargain" may end up costing more than the purchase price especially if oil contamination is involved.

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