May 06, 2014
Thomas Grillo, Real Estate Editor
The former Bank of America branch
in Dorchester's Upham's Corner neighborhood
will be sold at auction next week regardless of price to the highest bidder.
Located at 555
Columbia Road, the 5,159-square-foot, two-story
building was built in 1917 as a bank. It occupies most of the 8,251-square-foot
lot with no parking spaces.
Acquired by the bank in 2000 for $996,386, it is assessed at $1
Justin Manning, the auctioneer of JJ
Manning Auctioneers of Yarmouth
handling the sale, said the bank had tried to sell the branch previously, but
The branch closed in March. A Bank of America spokesman said the
bank has four other Dorchester locations, including one at 1104 Massachusetts Ave. in the South Bay
"Based on foot traffic and other metrics, we determined that we
could continue to effectively serve our customers with one less location in
town," said T.J. Crawford.
Potential buyers can tour the bank on Thursday, May 8 at 11 a.m.,
and one hour prior to auction that has been set for Friday, May 16 at 2 p.m.
Manning said the sale is an "absolute auction," meaning the building will
be sold at that time regardless of price.