Traiman Real Estate Auction Company
America's Foremost Real Estate Auctioneer | Founded 1924   Philadelphia, PA
527 Plymouth Road, Suite 416, Plymouth Meeting, PA 19462 | 215-799-0655

Property 4326: 2-8 East Broad Street,Hazleton, Pa 18201 (last updated: 02/04/09)

2-8 East Broad Street,Hazleton, Pa 18201

To be notified of updates to this property information, please enter your email address below and click "Go." You will be redirected to Constant Contact's website to finish the process. Be sure to check the box next to "Property 4326 – The Hazleton Center"

Email:

ABSOLUTE AUCTION
To the highest
bidder regardless
of price
32,000± Sq. Ft. Office Building


Mailing Address:
The Hazleton Center
2 East Broad Street
Hazleton, PA 18201


County: Luzerne

Hazleton is located in the lower N/E part of Pa. Approximately 35 mi. N/W of Allentown, Pa. The office building is only a few minutes drive to interstate Rt. I-81 and approximately 87 mi South of Rt. I-80. I-80 is a main interstate into New Jersey and New York City.

Due Diligence

Links

*You will need to have Adobe Reader installed to view these PDF documents. Download Adobe Reader

Weather Conditions
Auction held rain or shine. If the Auction is cancelled due to severe driving conditions the Auction will be rescheduled. The cancellation notice will be posted on our website the morning of the Auction. A new Auction date will be posted on our website and an email notice will be sent out to those that have registered on our website. You may also telephone the Traiman office. 215-799-0655.

Check back to this location often for updates, revisions, or changes.

Auction on Premises
March 18, 2:00 PM with registration beginning at 1:30 PM

Previews
March 11 from 1:00 to 3:30 PM and by appointment

Zoning
CC-Central Commercial

County Recording Records
T 8Sw 31016001 Deed Book 2217, Page 1032, recorded Dec. 19, 1986

Gross Area of Building
44,800± Sq. Ft.

Leaseable Area
31,300± Sq. Ft.

2008 Taxes
$14,400 Annual School and Real Estate

Terms

Total Deposit
15% down. See below for guaranteed deposit requirements.

Guaranteed Deposit
A good faith registration deposit in the form of $35,000 bank cashiers check or certified check (made payable to yourself) or cash is required to register to bid at the time of the Auction and will be credited towards the 15% deposit. The remainder of the deposit may be paid by personal check. Seller reserves the right to accept other forms of payment. The amount of the guaranteed deposit is not based on the value of the property.

On-Site Bidder Registration
Begins 30 minutes prior to the Auction. Building open one and one half hour prior to the Auction.

Buyer's Premium
There is a Buyer’s Premium of 8% of the high bid for this Auction.

Settlement
On or before 45 days from the date of the Auction.

Absentee Bidding by Telephone
Arrangements by signed agreement of sale and guaranteed deposit must be made with the Traiman office no later than one week prior to Auction.

Property

View Larger Map

Real Estate Brokers & Agents Invited
Earn a 2% commission. You must be the one who introduced this property to your buyer client and verify same by affidavit at settlement and accompany your client to any of the previews and Auction. Register your buyer no later than 48 hours prior to the Auction by Traiman's form including your client's signature. Agents buying for themselves or family members are not eligible to collect a commission.Download form and guidelines (2 page PDF).

First time Auction attendees
The open public auction method is where the parties who are interested in bidding on the property gather as an audience and bid in an open public forum. You will be asked to register at the time of the Auction. Before the bidding begins the Auctioneer will review the terms of the Auction and explain how the bidding will occur. Most people bid by raising their hand. The Auctioneer calls out the numbers in a clear understandable cadence. Our intention is to make you feel comfortable with the process before you enter the bidding. You need not be represented by a Real Estate Broker to bid and buy at Auctions.

We suggest that you contact a mortgage company or bank prior to coming to the Auction for the purpose of determining how much of a mortgage you will qualify for. If you are the winning bidder and cannot obtain a mortgage, or for some other reason are unable to complete settlement the total amount that you deposit will be forfeited.

The property is being sold subject to good and marketable title and free and clear of all liens and encumbrances in accordance with the Agreement of Sale. Please review the Clear of Liens and Encumbrances Clause of the Sale Agreement.

The beginning of the Absolute Auction process occurs when the Auctioneer has finished reviewing the terms of the Sale Agreement and other announcements. Following the announcements, the Auctioneer will state publicly that the Absolute Auction is now open for bidding. The owner of the property or any agent of the owner is not permitted to bid on behalf the owner at the Auction. Seller may withdraw the property at any time during the advertising period for the Auction up to the time the Auctioneer announces that the Absolute Auction is open for public bidding.

Notice
The information used for the advertising of this property may not be accurate. Measurements, figures, and drawings are approximate. Interested parties must do their own research and are not to rely on any information provided by the seller, the Auction Company, or their representatives. The Agreement of Sale takes precedence over any advertising or oral or written announcements. Auctioneer represents the Seller, not the Buyer. Auctioneer reserves the right to reject bids that the Auctioneer deems inadequate. If you have a question during the Auction, please notify an Auction staff member for a private conversation. Seller and the Auction Company reserve the right to have parties escorted from the premises for soliciting other bidders or for other reasons deemed inappropriate. Information contained herein is subject to change.

Questions Regarding this Auction
A Traiman representative will be at the preview to answer questions. You may also email your questions to info@traiman.com. Or call 215-799-0655. Reading the Agreement of Sale when it is posted may answer your questions.

Property information may change daily and this is your notice that it may contain certain mistakes. Neither Traiman nor seller will be held liable for errors or omissions. If you see an error, please notify us immediately.

Good Luck!