Rare Slice Of Delaware River Waterfront Property On Auction Block
PHILADELPHIA (CBS) - Got about $4-million to spare? If so you can own a part of the Delaware River Waterfront.
The one-and-a-half acre parcel's address is 1143 North Delaware Avenue, the former site of Club Maui, whose only remnant is a few patches of aqua floor tile.
Now it's going under the hammer, with a minimum offer of a mere $3.6-million. Sealed bids are due Wednesday.
Tranzon Alderfer is handling the auction, and President Sandy Alderfer says the CMX-3 zoning opens it up to a number of uses:
"Household living, group living, single room residences, services, medical, dental, health -- it's a combination of retail and residential."
Asked what he'd do with the property if he were the lucky bidder, Alderfer had a simple answer:
"Make it pay."
