Max Spann to Auction Investment Properties around New Jersey and New York on May 6

EDISON, NJ – April 28, 2010 – (RealEstateRama) — Looking for investment properties? Fifteen commercial and investment properties in New York and New Jersey will be auctioned off next month with absolute and minimum bids starting at just $90,000.

Max Spann Real Estate & Auction Co., one of the nation’s premier auction companies, is holding the auction at 1 p.m. on Thursday, May 6, 2010 at the Raritan Center in Edison, NJ.

The properties include income producing retail, contractor locations, offices, bank sites, light industrial, and multi-family residential throughout New Jersey as well as one property in Montgomery County, New York.

Representatives at Max Spann will be on hand for interested bidders who want to preview the following five parcels from noon to 2 p.m. on Thursday, April 29.

•Parcel 1. 415 Mercer Street (Route 33), Hightstown, NJ. A major industrial service building on 7.74 acres, the property is zoned highway commercial. The 20,337-square-foot building has a warehouse, office, storage and a nine bay, truck- service center. A separate bank building is ready to rent. The building is close to Route 130 and the New Jersey Turnpike.

•Parcel 2. 1381 Route 130, Robbinsville, NJ. A High visibility location on Route 130, the property is zoned highway commercial. The 7,225-square-foot building features 6 drive in bays and is currently leased to two tenants. It is centrally located between Philadelphia and New York.

•Parcel 4. 19 Woodside Rd, Robbinsville, NJ. Two industrial service buildings on 4.2 acres, the property is zoned industrial. The property, which is currently leased, is approved for auto body, tractor supply and repair, or a used car dealership. Minimum bid is $450,000.

•Parcel 9. 165 Broad St, Hightstown, NJ. The .77-acre, income producing corner property with a 1,250 sq. ft. main office and 4,700 sq. ft., eight-bay garage, is currently leased. The building is perfect for a local service provider, distributor, motor vehicle body and repair shop. Minimum bid is $250,000.

•Parcel 14. 296 Church Street, Wayne. The 3,175-square-foot, two story, office building is located in a business zone on the Hamburg Turnpike Jughandle. The property features 15 parking spots, an ADA ramp is close to Routes 23 and 80.

For more information about the remaining properties, call 888-299-1438 for the property information package. Online bidding will also be made available at www.maxspann.com.

•Parcel 3. 131 Hwy 539, Whiting, NJ. A large contractor complex, the property has plenty of space for warehousing, assembly, service and office operations. There are six buildings on the 5.8 acre site, including a 8,680-square-foot masonry building for office with adjoining 3,450-square-foot fiberglass framed building for service or assembly, a 9,600-square-foot metal warehouse building, a 5,170-square- foot two-story, steel building, a 2,526-square-foot masonry building and a 1,200-square-foot single story block and frame.

•Parcel 5. 179 Route 526, Upper Freehold, NJ. Three houses on 13 acres at a high visibility intersection. The property is zoned rural. The property is close to the New Jersey Turnpike, Route 195 and Route 295.

•Parcel 6. 93 Route 539, Upper Freehold, NJ. An income producing corner location on 1.58 acres with three buildings that are currently leased. The property can be used for retail, repair shop, and professional. Minimum bid is $350,000.

•Parcel 7. 1154 Route 130, Robbinsville, NJ. This high-visibility single-family home on Route 130 is zoned for commercial. Minimum bid is $90,000.

•Parcel 8. 1156 Route 130, Robbinsville, NJ. Another high-visibility location on Route 130, the one-acre property has a two-story single family home and a billboard. The property is zoned commercial. Minimum bid is $150,000.

•Parcel 10. 107 Old Cranbury Rd, East Windsor, NJ. The income-producing, two-family residential home is in a residential (R2) zone. Bidding starts at $200,000. The property, close to Route 33 and 130, is currently leased.

•Parcel 11. 56 East Main St, Amsterdam, Montgomery County, NY. The 10,436 square-foot former bank branch is located at a major Main Street intersection, directly off the Route 5 exit, close to the NY Thruway, Schenectady and Albany.

•Parcel 12. 10 South Wade Blvd, Millville, NJ. The former bank branch is located on a major signalized intersection — Main Street (Route 49) and South Wade Blvd. The 2.5 acre site has great road frontage with average daily traffic of 11,500 cars per day.

•Parcel 13. 693 Main Street, Lumberton, NJ. Two office condominiums in Amherst Commons are located on the second floor of a two-story office building with 3,500 square feet of rentable space. The building is close to Route 541, the Mount Holly Bypass and Route 38.

•Parcel 15. 151-153 New Street, Paterson. The 1,322-square-foot, single family home is ready for renovation. Another home can be built on an adjacent 75-foot by 200-foot lot.