Published: 4/8/2021 9:00:02 PM
NORTHAMPTON — A former nursing home building that has been vacant for years is set to have a new owner.
An auction for the property at 737 Bridge Road closed Wednesday afternoon brought a high bid of $1.94 million and the property is now in escrow, according to Spencer O’Donnell, an agent at commercial real estate company Colliers International who is working for the property owner.
O’Donnell said he couldn’t say who made the winning bid, but described the auction as “lively.”
A purchase-and-sale agreement has been signed and the buyers have 30 days to close the deal, O’Donnell said. The opening bid was listed as $800,000 on Ten-X, a commercial real estate website where the auction was held.
The building at 737 Bridge Road has long been empty. It was home to the Northampton Rehabilitation and Nursing Center, which closed in 2011 amid financial troubles.
The building was constructed in 1971, has 84 rooms and sits on 6.2 acres, according to Ten-X.
The nursing home was open for nearly 40 years and amassed debt with the state. When it closed, it was home to the only pediatric rehabilitation unit in western Massachusetts.
The building is owned by Bais Pinchos of Lakewood, New Jersey, according to the city assessor’s office.
Greta Jochem can be reached at gjochem@gazettenet.com.