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Virginia retirement center - apartment complex to sell in July 28 auction

ABINGDON, Va. (June 29, 2010) -- A 13-unit apartment complex currently known as Green Spring Retirement Center will sell at absolute auction Wednesday, July 28, with Woltz & Associates marketing the property and managing the sale.

The retirement center has six two-bedroom units and seven one-bedroom units, as well as a large common area and a kitchen. Currently, only two units are leased. The sale will include the four-acre site.

"This retirement center is only 10 years old and can be used as an apartments, a nursing home, medical offices, or even condominiums," said Jim Woltz, president of Woltz & Associates. "An intriguing possibility is to convert it for use as apartments or condominiums marketed to students of the four  nearby colleges. Yet another market is workers and fans at Bristol Motor Speedway, which is only a short drive away," said Woltz.

The apartment complex set for auction is also convenient to South Holston Lake, the VA Creeper Trail and Barter Theatre.

Woltz personnel will be available to answer questions and provide property inspections on July 14 and July 21, from noon to 2 p.m. Details are provided at www.woltz.com, and individuals seeking additional information about the property or the bidding process may call 800-551-3588.

Woltz & Associates, headquartered in Roanoke, Va., is a leading auction marketing firm specializing in a wide variety of properties, including land, developments, homes, commercial properties and other high-end real estate throughout the United States with a concentration on the mid-Atlantic states.