NORTHBROOK, Sick., March 29, 2021 /PRNewswire/ — Hilco Real Estate LLC broadcasts a stay public sale on Wednesday, April 28 for the sale of two bluestone quarries in Susquehanna County, Pennsylvania. The 2 sizable tracts complete 905± acres, which the Vendor has agreed to promote to the very best bidder at or above the minimal bids of $500,000 per website.
Positioned within the coronary heart of Pennsylvania’s productive bluestone area, the Lanesboro tract is roughly 500 acres and the New Milford tract is roughly 437 acres. These properties have important bluestone reserves and embrace ready-to-mine quarries that includes quick access to all the northeast. The stone meets PENNDOT and NJDOT cycle sodium soundness check requirements and was beforehand authorised below former possession. The sale consists of transferable quarry and mining permits and supplies a chance to develop into one of many largest Pennsylvania bluestone operators within the area. The property sits simply two miles from Route 171 and roughly six miles from Interstate 81 and is accessible to a number of arterial roadways, together with Route 79 and Route 92, in addition to rail facilities in Philadelphia, New York and New Jersey, and quite a few ports alongside the jap shore. With proximity to main interstates and railroad strains, together with potential direct entry to the Norfolk Southern Line, transportation is fast and straightforward from the quarries to different areas of the nation.
Traditionally recognized for constructing practice components, Susquehanna County is extra presently recognized for its native quarries. These quarries produce sought-after Pennsylvania Bluestone, a singular layered sandstone discovered solely within the northeastern tier of Pennsylvania. The quarried product has many makes use of attributable to its energy and sturdiness, from reduce dimensional stone utilized in patios, walkways and stair treads to architectural stone utilized in buildings. It is usually used for wall stone, ornamental boulders, pure steps and different panorama options. Because the Susquehanna County website explains, a monument that demonstrates the energy and sturdiness of Pennsylvania Bluestone is the Starrucca Viaduct, a Nationwide Civil Engineering Landmark in Lanesboro that was accomplished in 1848 and remains to be used in the present day by the Norfolk-Southern Railroad. Manufacturing volumes have remained robust lately due to the growing demand for bluestone and since the areas during which bluestone reserves may be discovered are restricted.
Jeff Azuse, senior vice chairman at Hilco Actual Property stated, “This sale gives a singular alternative for a savvy investor to benefit from shopping for properties which have important Pennsylvania bluestone reserves, throughout a time the place many house enchancment initiatives are on the rise.” He continued, “Pennsylvania Bluestone is a high quality product with many makes use of that’s positive to remain in demand.”
The stay public sale is scheduled for Wednesday, April 28, 2021 at 12:00 p.m. (EST). The minimal bid for every tract is ready at $500,000. For additional info on the property, a proof of the sale course of and Phrases of Sale, and to acquire entry to the Digital Deal Room containing all of the property due diligence, please go to HilcoRealEstate.com or attain out to Jonathan Cuticelli at (203) 561-8737 or [email protected].
For extra details about this or different properties accessible on the market, please go to HilcoRealEstate.com.
About Hilco Actual Property
Hilco Actual Property (“HRE”), a Hilco World firm (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a nationwide supplier of strategic actual property disposition providers. Performing as an agent or principal, HRE makes use of its expertise to advise and execute methods to help shoppers in deriving the utmost worth from their actual property property. By leveraging multi-faceted gross sales methods & strategies, aggressive repositioning and restructuring expertise, an unlimited and motivated community of patrons and sellers, and substantial entry to capital, HRE exceeds expectations even in probably the most advanced transactions.
SOURCE Hilco Actual Property