Several properties from downtown auctions still in limbo
by Doug Walker, associate editor
Mar 21, 2011 | 1711 views | 0 0 comments | 13 13 recommendations | email to a friend | print
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Auction Property
214 E. Third St. Assessed value: $135,960 Taxes Owed: $1,990.04
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Deal or no deal.

That is still the question with negotiations underway for the sale of downtown properties put up for auction by Martin Real Estate earlier this month.

J.L. Todd Auction broker Frank Coker indicated Monday morning that talks regarding a number of the properties are still ongoing and that deals may be close on a couple of the properties.

Coker said that it did not appear as if the low bids for the two residential properties on East Third Street were going to be accepted by Martin.

He also indicated that it seems as if Martin is trying to sell the building at 405 Broad Street in conjunction with the parking lot on Tribune Street and does not want sell them to different parties. The March 10 auction closed with separate parties taking each lot.

John Ivester, a broker for Martin, confirmed that it was important for the Tribune Street parking lot to go with the building.

The broker said that Martin was actively negotiating with at least two of the low bidders from the auction regarding Broad Street properties but declined to speculate on the status of those talks.

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