News: Brokerage

Bouck of Bouck Real Estate sells 5,000 s/f for $345,000

Auburn, NY John Bouck, broker/owner of Bouck Real Estate in Auburn, detailed the sale of commercial property located at 102-104 Grant Ave. Reputed sale price of the property was $345,000.

The 5,000 s/f building was formerly home to Aamco Transmission, and currently includes the Auburn Express Smoke Shop as a recent tenant.

According to Bouck, “They have sold the property to the owners of Xcelerated Automotive, Inc., who has been part of the Auburn business scene since 2001.”

The buyer plans to upgrade the main building, as well as the several detached steel buildings in the rear, which will allow him to offer expanded automotive sales and services to his customers, including ample parking. To accommodate the increased demand for their repair and dealership services, the current Xcelerated Auto location, at 191 Grant Ave., will remain in full operation as well.

Bouck said, “It’s just great that we are seeing the expansion of an established, successful business in Auburn, one that is important to our community, and to have a business owner with the confidence to move forward and grow.”

The property includes one acre of land, with 125 ft. of road frontage on Grant Ave. (NYS Rte. 5), situated on one of the busiest thoroughfares in the city zoned for commercial use, with over 20,000 vehicles passing by each day.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.