Chapter 7 Bankruptcy Auction Professional Office Building

3,400 sf Commercial Building in Belvidere, NJ-Chapter 7 Bankruptcy-Under Contract!

​By Order of the US Bankruptcy Court
Chapter 7 Bankruptcy

​By Order of the US Bankruptcy Court
​Chapter 7 Bankruptcy

3,400+/- sf Commercial Building-Medical, Professional, Retail, Service Business-Numerous Possibilities

  • Great Investment!
  • Four total units ready to rent out
  • All building Koehler generator
  • High visibility location on a main downtown artery
  • Frontage on the “Pequest River”

Online Auction
Auction Begins: Tuesday, August 18, 2020 at 9 am
Auction Concludes: Thursday, August 20, 2020 at 1 pm

Property Previews 3-5 pm (please bring a face mask and observe 6' social distance):
Tuesday, July 28th
Thursday, July 30th
Thursday, August 6th

Any questions call 888-299-1438 or email: auctions@maxspann.com

Take the next step! Join the bidders club, then download the property information package for property details.

I, the undersigned, agree to the following terms and conditions, should I be the high bidder.

1.  Auction Day Requirements:  I hereby agree to sign the contract of sale immediately upon the conclusion of bidding.  A 10% deposit of the contract price is required.  All bidders must be pre-registered.  A 10% deposit must be wire transferred into Max Spann Real Estate & Auction Co. escrow account or a bank cashier’s check within 24 hours of conclusion of Auction.   NO EXCEPTIONS PLEASE!

2.  I recognize that this is an Auction Sale and is not subject to an attorney review period.  I will review the contract of sale prepared by Seller’s Counsel prior to the auction.

3.  I have read the terms of this sale posted on the premises, printed on the sale brochures and said terms are incorporated herein by reference, as are any public announcements made sale day.

4.  I agree to review the Property Information Packet prior to participating in Auction.

5.  A Buyer’s Premium of 10% of the Bid Price will be added to the bid price and become the Final Contract Price. The successful high bidder will be required to sign a contract of sale immediately upon the conclusion of the auction. Minimum bid is $10,000 and property is being sold subject to Court approval. 

6.  If any check given in payment is not honored for any reason, I agree, whether said check be signed by me as maker or endorser, that if such check is placed in the hands of any attorney for collection, to pay all reasonable attorney’s fees, together with all costs of suit in the event is instituted.

7. Bidder represents warrants and acknowledges that the property is being auctioned by Max Spann Real Estate & Auction Co.  (“Spann”) in an "AS IS" and "WHERE IS" condition subject to all faults, and specifically and expressly without any warranties, representations or guarantees, either express or implied, of any kind, nature, or type whatsoever from Spann in its own capacity or as the agent, servant or employee of the seller of the property.  Bidder further acknowledges that Spann has not made any independent investigation of the condition of the property or examined, verified or confirmed the validity of any information, documents, literature, maps or sketches, pro-forms, or any other written documents provided in the Property Information Packet.

                Bidder and Bidder’s heirs, transferees, administrators, personal representatives, trustees, successors and assigns, forever waive, release, discharge and hold Spann harmless, from any claim it has, might have had, or may have against Spann with respect to:

                                a.             The condition of the Premises, either patent or latent, of any nature whatsoever, including environmental contamination;

                                b.             Buyer's ability or inability to obtain or maintain building permits, temporary or final certificates of occupancy or other licenses for the use or operation of the Premises, and/or certificates of compliance for the Premises;

                                c.             The actual or potential income or profits to be derived from the Premises;

                                d.             Any other state of facts which exist with respect to the Premises which at the time of closing were not the subject of actual knowledge on the part of Seller.