A painful but potentially rejuvenating process has come to an end on Poulsbo’s Viking Avenue.

A Kitsap County Superior Court judge approved a motion June 26 terminating receivership for the former Courtesy Auto Group properties.

All told, six parcels formerly owned by the Hern family have been sold since 2013, fetching about $4.6 million.

The properties were home to a number of Courtesy Auto dealerships, forming the core of Poulsbo’s once-bustling automotive corridor.

Union Bank successfully petitioned the court to appoint a receiver for the properties in 2011, seeking repayment of a $10 million loan made by Frontier Bank to the Herns in 2009. Union Bank took over the loan after Frontier failed in 2010. 

Here’s a look at the Courtesy Auto properties sold and what businesses are there now:

1. Chevrolet building — $1.4 million

Sold on: April 10, 2013

Sold to: Christina and Scott Hensrude

Current assessed value: $1.09 million

Description: 1.43 acres with a 16,350-square-foot showroom at 19873 Viking Ave. NW, on the southwest corner of Edvard Street and Viking.

Now home to: Abra Auto Body and Glass.

2. Suzuki building — $375,000

Sold on: Sept. 23, 2013

Sold to: Janice and Kevin Krieger, and Lisa and Steven Stirrett

Current assessed value: $239,100

Description: One-third acre with a 1,600-square-foot showroom at 19568 Viking Ave., across from the Food Mart and Los Cazadores.

Now home to: A smoke shop and hookah lounge called Up In Smoke. Continue reading →