Max Spann Real Estate & Auction Company sets date for Historic Budd Company site auction
PHILADELPHIA, PA — The sprawling Budd Company site in the Tioga/East Falls section of Philadelphia where thousands of factory workers once produced parts for planes, trains and automobiles is going up for auction. What remains of the site has been divided into five parcels so that bidders can bid on any one of them or bundle more than one into a package bid. Someone may even bid on the entire five. The site will most likely serve a mix of uses, though. “The property is so large we suspect you will see homes built on a portion and commercial/industrial on another portion,” said Max Spann Real Estate and Auction Company COO Bob Dann “The property lays out in a very organized manner with three of the parcels on one side of the railroad tracks and then the two large parcels on the other side of the tracks. I could see a winning bidder try to package the properties on one side or the other. It’s really up the imaginations of the perspective buyer or buyers.” The buildings were constructed from 1917 to 1988 and include a mix of industrial, distribution and warehouse with high ceilings and rail and tractor trailer access. In addition to parts for cars, trains and planes, Budd built complete passenger rail cars, missile and space vehicles and various defense products at the factory.