The City of Springfield will auction off 24 properties currently in tax-title possession on Thursday, January 17. Registration begins at 5 p.m. and the auction begins at 6 p.m.  The auction will be conducted by Daniel J. Flynn & Co. Inc. ballroom-style, at Springfield City Hall, 36 Court Street.

The property auction portfolio is diverse and includes a 41,000 square foot industrial zoned property; several single family homes; a residential condominium; an auto repair shop; retail space; and two large office condominiums. Read more.

“The City is anxious to move this process along. The auctioning of these properties will net additional revenue for the City immediately but also represents a steady stream of income in the form of tax revenue for years to come,” said City Treasurer Salvatore Calvanese.”

The City expects developers, builders and property abutters to be among those bidding for a chance to buy real estate at below market value. “It’s going to be exciting and hugely beneficial event for the City of Springfield and it really represents opportunity to all potential bidders,” said Calvanese.

The Flynn Auction Company is advising interested parties to research city and public records to learn specific details about the property of their interest prior to the auction. A list of the properties to be auctioned can be accessed on-line at www.djflynn.com.