ShoppingTown Mall scheduled for auction in August

ShoppingTown Mall in DeWitt is slated for auction, according to an online listing.

The initial bid deposit is $50,000 for those interesting in buying the 988,054 square-foot property on Erie Boulevard.

The first round of bids are due on August 1st and the final bidding takes place later that month. Property tours are scheduled for late July.

ShoppingTown Mall, which is currently at 66.90% occupancy according to the listing, "was originally developed as an open-air center in 1954 and redeveloped and enclosed in 1974." It was most recently renovated in 1992, which included an expansion.

LNR Property took over ownership of the mall in January of 2011. The Post-Standard reports the mall ended up in foreclosure under its previous owner.