Zion Baptist College Auction!

Zion Baptist College Auction!

Zion Baptist College Auction!
Don't just think "institution." With a plethora of usage options, this is an unusual opportunity to buy a property that is a small college campus and a separate historic home compound; all on 40 acres and sold in its entirety with a minimum bid of $2m. The Tax Assessor calculates the value at $12, 841,000 and though there are 7 parcels, it will all be auctioned as a whole. One 2.2 acre property is an unimproved land holding in East Providence. Earlier this year the Town of Barrington had considered offering $5.2m for the property, but changed their minds based on the cleanup required on the historic end where moisture was found in the plaster, indicating that a major Rip and Strip would be needed. The Barrington Town Council is still considering a possible bid as they feel it would make a good middle school if they can get it close to the $2m mark.

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Outside the original stone estate compound the buildings appear to be modern and attractive with parking, athletic field and tennis courts. This 25± acres might be improved with 131-161 dwelling units to include a mix of single & multi-family homes and apartments/condos. The Medieval-inspired estate, however, is on the National Register of Historic Places and should have its exterior maintained in its original form. The interior still has the good bones and unusual hand-carved millwork, though roofing will likely need repairs and the mechanical systems and surfaces will need updating. Belton Hall was the country home of Frederick Stanhope Peck and was built between 1905 and 1928 in stages and consists of 16.21 landscaped acres.

Be on site October 25th at noon or online to place your bid! Tax accessed at $12,841,000; auction reserve at $2m!

Source: www.jjmanning.com