Local investors grab foreclosed downtown bank building at auction for $570K
Local investors grab foreclosed downtown bank building at auction for $570K BizSense file) Antar Abouzaki has a knack for sniffing out deals at auction. Last Friday, he and a group of investors won the foreclosure auction for the old bank building-turned-nightclub at 1005 E. Main St. with a winning bid of $570,000. It was the second time the building’s been auctioned in recent years. A pair of West Virginia investors bought it in 2015 for $1.02 million at a bankruptcy-ordered auction, only to default on the property earlier this year. About 30 people were in attendance at Friday’s auction...
Source: richmondbizsense.com