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8 Vacant Lots Up For Sale in Pateros 4/5/2011
Eight vacant lots in Pateros are up for grabs, if you have at least $48,000 and a business to bring to the downtown core. The lots are located between the Black Dog Car Wash and Pateros Gardens Apartments, bordering the pedestrian mall.

Pateros Mayor Gail Howe said the assessed property value in the commercial district area is about $3,000 to $3,300 per lot. Recent sale prices for other lots have run from $5,000 to $6,000. Howe said the council wants to try to sell the parcels as a group because it fits into the city’s business development plan. The council also voted to look into creating contracts that would call for the buyer to meet certain requirements before the title is handed over.

Requirements could include building a structure on the property within 18 months that fits architecturally with the rest of the downtown area.