The former facility of The Schwan Food Company on Old Lincolnton Road in Crouse will be up for auction on March 22.
Five other surplus facilities of Schwanâ€™s subsidiaries across the country are also being auctioned off, including one in Mebane.
All of the industrial properties are currently vacant and will be sold individually. CBRE Auction Services is hosting the auction, which will be conducted online.
According to the CBRE portfolio for Schwansâ€™s, the Crouse facility is 4,800 square feet on 2.1 acres and offers a 1,287-square-foot removable freezer vault and three drive-in doors. It describes the offering as a “tremendous opportunity for the astute investor to take advantage of Schwanâ€™s surplus facilities” and lists as investment highlights its ideal industrial location, easy interstate and highway access and flexible building layout.
The minimum bid for the property is listed at $92,000, with an initial deposit of $5,000 required to bid.
For more information, visit the portfolio at: www.cbre.com/schwansportfolio.
The online auction will begin at 11:30 a.m.