Key Assets

By Order Of The Executor, A Live Auction Of A 5.2± Acre Site Improved By A Partially Completed 15,250± Square Foot Industrial Building!

Background:

Following our equipment sale for the assets of Johnstown Renewables, we are pleased to offer this fantastic opportunity in the heart of the Johnstown Industrial Park. The site was to house the unfinished waste-to-energy project that was Johnstown Renewables. The building is almost complete, awaiting a new owner to finish to suit their needs.

Property Overview:

Gross building area:15,250± square feet which is made up of three distinct (connected) steel buildings of 9,000 square feet, 3,200 square feet, and 3,050 square feet (approximately).

Usable land area: 5.2± acres with 443 feet of frontage on Enterprise Road.

Terms of Sale

Please note: A 10% buyer’s premium shall be applied to the highest bid to arrive at the contract purchase price for the property.

Full terms and contracts are available by requesting a property information package from [email protected].

Co-Brokerage

A co-brokerage of 2% is being offered to licensed real estate brokers representing a purchaser.

Deposit

In order to participate, prospective purchasers are required to provide a deposit of $10,000 in cash or certified funds at the time and place of sale. The successful bidder will be required to increase their deposit to 10% of the purchase price within 24 hours of the auction. Purchaser agrees to make full settlement at closing. See contract of sale by requesting a property information package for additional details.

Inspection

By appointment or immediately before the auction.

COVID-19

By participating in this auction event, Buyer acknowledges their understanding of the current pandemic as it relates to the use of social distancing from other human beings in order to protect themselves and others. Buyer agrees to practice social distancing (as that term is generally known), to limit their contact with other individuals, to wear personal protective equipment as may be necessary (breathing/face mask, gloves, coveralls), and to adhere to auction day and removal instructions and guidelines as they may be presented at the site. By participating in this auction event, the Bidder agrees to indemnify and hold harmless the seller and/or Auctioneer from any and all claims or actions for any reason whatsoever, including but not limited to those related in any way to COVID-19 or other pandemic related issues.

David A. Fiegel
NYS Real Estate Broker #35FI0844575