SOLD: Pontiac Silverdome Stadium Sold to the Highest Bidder

This ad is marked as Sold

Description:
Stadium and 127+/- Acres to Be Sold. No Reserve Auction in partnership with CB Richard Ellis on behalf of the City of Pontiac. Considered an excellent high-profile redevelopment opportunity, the Pontiac Silverdome, an 80,300-seat stadium, is prominently situated on 127+/- acres accessible by I-75 and M-59. Built at a cost of $55.7 million, the dome was the largest arena in the National Football league when it opened in 1975, just 23 months after its groundbreaking. The gateway site will lend interested buyers an array of development options. AUCTION INFORMATION The Silverdome in Pontiac Michigan is being sold at auction by Williams & Williams in partnership with CB Richard Ellis on behalf of the City of Pontiac. Sealed bids are now being accepted by Williams & Williams through Thursday, November 12th, 4pm Eastern. At that time, the City of Pontiac, in its sole discretion, may declare the current high bidder the winner and the auction ended. OR the City may elect to invite no more than the top five high bidders to a best and final outcry auction. Should the City determine that they will continue the auction to final outcry, that live event will be held in Pontiac, Michigan on Monday, November 16th, 2009 at 1pm Eastern at the Marriott Hotel, to give all finalists time to travel to Pontiac. The Silverdome is being auctioned Absolute, without reserve. IF YOU ARE A SERIOUS BUYER, CALL 888-320-4272 TO DISCUSS WITH BROKER ABOUT PLACING YOUR BID.
Members profile:
Advertised by:	Car Property Pro 2 (click here to see full profile)
	Grade Car Property Pro 2
Email:	Email Advertiser
Ad Details
Parking Spaces Outside	30,000
Property is	For Sale
Auto Use Allowed	Yes
Garage Spaces (put 0 if this does not apply)	100.00
Which Celebrity?	Detroit Lions
Celebrity Owned:	Yes
Price Information:	It was sold at an absolute auction to the highest bidder for only $583,000
Price	$583,000 USD
Buildings & Land
Property Name	Pontiac Silverdome Stadium
Property Types	Special Purpose
Land Types	Commercial Other, Industrial
Size & Value
Bldg. Size (Sq. Ft.)	462,000
Lot/Parcel Size	127.50 acres
Use & Status
Best Property Use	This is an investment property
For Sale at Auction
Auction Sale?	Yes
Type of Auction	No Reserve Price, Absolute Auction (sells regardless of price)
Unique Sale Issues
Type of Sale	Real Estate Agency Sale
In front of website you must input http://
Website	http://www.csmonitor.com/Money/2009/1118/new-tale-of-detroits-woe-s...
Virtual Tour or Movie Site	http://detnews.com/article/20091117/METRO/911170327/Silverdome-sale...
Location
Address	1200 Featherstone Rd
City	Pontiac
State	MI
Postal Code	48342
Country	USA
Call Me!
Phone	877-781-5128
Ad id:	2198731
Ad views:	1711
Current rating	Grade
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