.

Montgomery Mill Building To Be Sold at Foreclosure Auction

The empty building has been deteriorating for years and has been the scene of fires and break ins.

The former Montgomery Mill building at the corner of the northeast corner of Routes 159 and 140 in Windsor Locks is being sold through a tax foreclosure auction at noon on September 10 at the site.

Town officials said in addition to owing back taxes, the owners owe the town for costs related to two separate fires at the property. A judge has approved the foreclosure action, officials said.

The redevelopment of the property is part of town officials’s hopes to revitalize Windsor Locks’ downtown. Those plans also include relocating the commuter train station back to downtown.

First Selectman Steven N. Wawruck Jr. said the empty building has been a nuisance for a number of years, in addition to fires, there have been break-ins of people trying to strip materials from the property. Wawruck said hopefully there are buyers waiting in the wings for the property.

“The building could be developed and fit nicely into our plans for redevelopment in the Main Street area,” Wawruck said.

Anyone who wants to participate in the bidding must register with the Committee prior to the auction and present for the Committee's examination a certified or bank check made payable to the bidder in the amount of $90,000.  The property is being sold "as is" subject to no contingencies whatsoever.

A foreclosure sale had been set in February but the owners of the property were able to get an extension from a judge.

An appraisal secured by the town valued the property at $900,000.  A court order appraisal valued the property at $1 million.  Town officials said it appears there is enough equity in the property to cover the owners outstanding liabilities to Windsor Locks.
 
The property includes three contigous parcels of approximately 3.38 acres of residential- zoned land with two buildings plus a detached garage comprising about 255,446 square feet of mill structure.

The Committee is Eric Rothauser of BoneeWeintraub LLC, 860-561-1555, erothauser@bw-law.com. 

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something