Online Commercial Real Estate Auction Underway for Significant Redevelopment Opportunity in Joplin, Missouri
Online Commercial Real Estate Auction Underway for Significant Redevelopment Opportunity in Joplin, Missouri, as Area Continues to Rebuild and Grow
Current 2.87 acre apartment complex in online auction is one of last remaining parcels of a proposed redevelopment plan in area tragically impacted by tornado several years ago
Joplin, Missouri (April 23, 2015)—An online commercial real estate auction is underway for one of the last remaining large parcels of a proposed redevelopment plan in Joplin, Missouri, an area tragically impacted by a large tornado several years ago. Located at 3901 Hearnes Boulevard, the property currently consists of six apartment buildings on 2.87 acres with 257 feet of frontage.
“The real value and opportunity is in the land itself,” said SVN Auction Services’ Bill Menish, CAI, AARE, BAS, who represents the current property owner and is overseeing the online auction. “We’ve received much interest in this property as it’s located in the vicinity of the new Mercy Hospital and within the Hospital Redevelopment Corridor. It is one of the last remaining parcels needed to complete this redevelopment project, which makes it a very desirable and significant property.”
Online bidding on the property ends May 7 at 3 pm CT. For more information—including due diligence documents and video of the property and area—and to bid, visit http://www.MenishAuctions.com/Joplin.
Joplin continues to make progress in its recovery efforts after a devastating EF5 tornado struck the area in 2011. New construction, large commercial projects, home permits and other structures and developments—including a new medical school—are a few examples of the new growth in the area.
“With its progress to date and continued momentum forward, this area is becoming a source of activity and anticipated growth,” said Menish. “The new hospital has positively changed the landscape by opening up retail, restaurant and other new corridors of opportunities. This property is well-positioned to benefit from the high visibility and increasing traffic counts that result from its location near the hospital, medical school and other commercial activity underway.”
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International’s more than 800 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.
Zeszutko Corp.—PR on behalf of SVN Auction Services