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Quince Street land up for bid

Posted: Tuesday, Nov 1st, 2016

This site map shows two parcels (No. 120 and No. 122) located along Quince Street being auctioned off in a sealed-bid auction between now and Nov. 15. courtesy photo

Two lots along Quince Street in Florence, amounting to more than 14 acres, will be sold through a sealed bid auction ending Nov. 15.

One site, totaling 13.39 acres, fronts Quince Street and has 6.33 acres of useable land zoned for multiple-family, lodging, assisted living and additional commercial uses.

According to Principal Broker John Rosenthal, the minimum asking price has been reduced from $1,400,000 to $720,000.

City Manager Erin Reynolds said the property owner, Aspen Flo, LLC, no longer wants the property in their investment portfolio.

The other property is 37,470 square feet on the corner of Quince Street and Highway 126.

A third one-acre parcel adjacent to the north end of the Florence Events Center (FEC) was purchased by the city for $180,000 prior to the auction date. The city plans to turn it into additional FEC parking.

Reynolds said, “The city has had a great partnership with the Aspen group. This has been a pretty stagnant commercial market for many years and the city is excited about the prospects and the ongoing business relationship we have had with the Aspen group.”

According to Reynolds, the last significant new commercial development in Florence was the Fred Meyer store that opened in 2000.

The two development sites are being offered as part of the Realty Marketing/ Northwest Fall 2016 Auction, with sealed bids due Tuesday, Nov. 15.

Interested parties can view the Florence properties at www.rmnw-auctions.com.

For additional information, contact Marti Cohn with Realty Marketing/Northwest at marti@rmnw-auctions.com or call the auction information office at 800-845-3524.

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Keywords: Florence Oregon, Quince Street, Sealed Bid Auction, economic development

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