Pontiac Silverdome Stadium Sold to the Highest Bidder

Pontiac Silverdome Stadium Sold to the Highest Bidder

This ad is marked as Sold

Description:


SOLD!

Stadium and 127+/-

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.

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Advertised by: RARE REALTY (click here to see full profile)
Average score 8.9 after 119 votesAverage score 8.9 after 119 votesAverage score 8.9 after 119 votesAverage score 8.9 after 119 votesAverage score 8.9 after 119 votes Grade RARE REALTY
Email: Email Advertiser

Ad Details


Parking Spaces Outside 30,000
Property is Sold
Auto Use Allowed Yes
Garage Spaces (put 0 if this does not apply) 100.00
Price Information: It was sold at an absolute auction to the highest bidder for only $583,000
Price $583,000 USD
Which Celebrity? Detroit Lions
Celebrity Owned: Yes

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

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:15433
Current rating Average score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votes Grade

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