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BY LEE COGHLAN
Rappahannock News Staff Writer
Amidst rumors of bankruptcy and being fed up with the town of Washington, Peter Kramer will put his building on Gay Street up for sale by auction on Dec. 18 at noon. Kramer has set a minimum bid. If that bid is achieved, the building will sell on that day. The building boasts a $100,000 a year rental income, has nine commercial rental units and a loft apartment.
Squashing the rumors, Kramer says “the biggest motivation is to get Case (his four year old son) a house and some land, a place for him to run and play.”
Kramer is married to Elaine Kramer who runs Talk of the Town, a boutique gift shop, in the building to be auctioned.
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