ARLINGTON, Va., Dec. 30, 2012 (GLOBE NEWSWIRE) -- On December 20th, the commercial real estate that is home to the iconic Arlington pizza and sub restaurant, Mario's Pizza House, and the popular ice cream shop, Carvel's, was sold at auction for $2.86 million. The transaction closed one week later to an undisclosed buyer.
With the sale of 3322 Wilson Blvd, Alan Levine of Mario's Land Corporation, a longtime Arlington resident along with the auction company, AmeriBid LLC, and its listing broker partner, Access Realty, achieved one of the highest price per square foot sales in Arlington. With the restaurant sitting on a 16,080 square foot parcel, this commercial auction sale pushed the hot Arlington market to $177 per square foot.
"This represents one of the highest price per square foot sales in Arlington in recent memory," comments Stephen Karbelk, CAI, AARE, Co-Chairman and Founder of AmeriBid. "We had over 60 people attending, so there was significant interest in this auction."
Mario's Pizza and its co-tenant, Carvel's Ice Cream, will continue to operate as normal. The auction sale was of the real estate only, not the businesses.
"I am very pleased with the outcome of the auction. I will continue to run Mario's Pizza House as a successful restaurant. So come enjoy a cheesesteak or a pizza!" comments Alan Levine. "We are still serving our customers like we have been since 1958."
For more details, please visit www.AmeriBid.com or call 877-895-7077.
Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.
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Media Contact: John Pellow 877.895.7077