Bank Owned 56,000 Square-Foot Building on 9.15 Acres Located in Philadelphia Suburb Offered For Sale in Sealed-Bid Format
A 56,000 square-foot free standing building in Warminster is being offered for sale in a sealed bid auction by Madison Hawk, a national real estate firm and industry leader specializing in Structured Accelerated Sales.
Situated on a heavily trafficked thoroughfare at 700 York Road in the Philadelphia suburb of Warminster Township, the building is currently vacant and well-positioned for either redevelopment of the existing structure or demolition and construction of a new commercial building, according to Jeff Hubbard, President of New York-based Madison Hawk.
The highly-visible 9.15-acre property includes 800 feet of frontage on York Road, 450 surface parking spaces, signalized entrance and a separate potential pad for possible future development.
The sealed-bid deadline is Tuesday, May 20th, 2014.
“The property’s location offers everything a commercial end user, investor or developer would seek in a commercial site,” says Mr. Hubbard. “Warminster is a densely populated suburb with an affluent resident base that commutes regularly to nearby Philadelphia. The intersection York and West Street Road is one of the area’s most prominent retail centers with national name brands such as Petco, Old Navy, Kohl’s and TJ Maxx operating in the immediate area. The building itself is visible from the well-traveled roadway and offers a variety of uses to a new buyer with flexible commerical zoning.”
In addition to its location directly on York Road, the property is minutes from Route 611, 63 and the Willow Grove Exit to the Pennsylvania Turnpike.
On-site inspections of the property will take place on April 23rd, 29th, May 6th and May 13th at 10:00 am, by appointment.
The purchase of a Due Diligence Packet is a requirement for bidding, as well as a certified or cashier’s check totaling five percent of the total bid. Sealed bids are due at Madison Hawk’s New York office by 3:00 p.m. Eastern Daylight Time on Thursday, May 20th, 2014 and should be delivered to Madison Hawk Partners, LLC, Attention: Bucks County Project Manager, 575 Lexington Avenue, Suite 4017, New York, NY 10022.
For more information, please call (800)-547-1045, or visit http://www.madisonhawk.com/auctions/Bucks
About Madison Hawk
Madison Hawk is a national real estate firm and industry leader specializing in Structured Accelerated Sales and Capital Market Solutions to complex real estate situations across all asset classes. The Madison Hawk team is among the most experienced in the industry, having designed and executed over $10 billion worth of commercial and residential sales across all asset classes including; apartment buildings, office buildings, industrial buildings, shopping centers, development land, condominium developments, luxury homes and other special purpose properties. http://www.madisonhawk.com