Barrington, RI (PRWEB) September 30, 2011
JJManning Auctioneers is pleased to offer at real estate auction a prime development opportunity located at 27 Middle Highway, Barrington, RI. The property includes 9+/- buildings totaling 176,466+/- sf. on 40+/- acres. It will be sold in the entirety above a minimum bid of $2 million. The property is zoned RE and R-25 with potential for Village Zoning. Intersted parties have the option of bidding live on-site or online on Tuesday, October 25th at 12:00pm EST.
Conveniently located just west of the Wampanoag Trail (Rt. 114) with easy access to I-195, this site served as the campus of Zion Bible College (1985-2008) and Barrington College (1950-1985). The centerpiece of this beautiful property is “Belton Court,” a stone mansion built for Frederick Stanhope Peck in 1925 and listed on the National Register of Historic Places in 1976. Subject to approval by the Town of Barrington, potential redevelopment uses may include educational, residential, senior housing, and more.
The terms of sale include a 10% deposit of which $100,000 must be presented in cash, certified or bank check at the auction. Remainder of the 10% deposit is due in wire transfer, cash, certified or bank check by 5pm ET on Friday, October 28, 2011. The balance is due in 45 days. There is a 10% Buyer's Premium. Other terms, if any, will be announced at the sale. A 2% Broker Commission is being offered. Visit website for online bidding terms and broker commission terms.
Property Tours: Wed., 10/12 & Wed. 10/19 (12pm-3pm each day)
Absolute Auction: Tuesday, October 25, 2011 at 12pm