Buy this May 17th (TODAY)
2552 St. Philip
article courtesy City Business
Six city properties will be sold at auction next week, with officials looking to put unused real estate back into commerce.
Four former fire stations, a former police station and a visitor’s center are included in the auction set for 10 a.m. May 17 at City Council chambers, 1300 Perdido St.
Registration for bidders begins at 9 a.m.
An open house for all the properties will be held from noon to 2 p.m. Saturday. Interested parties must bring valid ID and sign a “hold harmless” agreement with the city.
The fire stations on the auction block include 4877 Laurel St., 200 N. Alexander St., 6038 St. Claude Ave. and 7311 Chef Menteur Highway. The police station is at 2552 St. Philip St., and the community center is at 7450 Paris Road.
The city said in a release that it has determined the properties are no longer needed for public purposes. All properties are vacant and in poor condition. Most suffered damage during Hurricane Katrina and have been declared blighted properties.
The city’s Home Rule Charter requires the properties be sold at public auction. The purchaser will be required to rehabilitate the property in a timely manner, taking into account any historic elements.
Winning bidders must deposit 10 percent of the winning bid amount with the city’s Real Estate and Records Division within one hour of the auction’s completion. The deposit must be in cash, certified check or money order and is non-refundable. Additional costs over the winning bid must be paid to complete the sale, including appraisal, clerk of court costs, city notary fees and possible resubdivision fees.
Upon purchase of the property, the new owner must clean and repair the property within 60 days. A certificate of occupancy from the Department of Safety and Permits must be received within 18 months.
To learn more about the properties being auctioned off, click here.
Reporter Robin Shannon can be reached at firstname.lastname@example.org.