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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Local broker buys Reddy Ice facility

MORE: Read more news from Fredericksburg

An area real estate broker submitted the winning bid for the former Reddy Ice plant in downtown Fredericksburg at a Wednesday afternoon auction.

Alex Long of Weichert Realtors will pay $110,000 for the roughly 5,250-square-foot facility at 1901 Princess Anne St. About 15 people attended; there were three bidders, including Long.

The property is assessed at $592,400, almost all of which is from the value of the roughly 0.65-acre lot, according to city property records.

Higgenbotham Auctioneers International handled the auction.

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Permalink: http://news.fredericksburg.com/businessbrowser/2012/08/01/local-broker-buys-reddy-ice-facility/