99 Founders Plaza. Photo courtesy of Newmark Knight Frank

An East Hartford office building once occupied by Bank of America is headed for the auction block.

According to a listing on RealINSIGHT Marketplace, Newmark Knight Frank is presenting the property, with bids starting at $300,000. The auction begins Sept. 12.

The Brutalist, 148,000-square-foot building built at 99 Founders Plaza on 7.34 acres in 1971 has an unpaid loan balance of $11.1 million, out of about $16 million. The 5-story structure was renovated in 2010 and overlooks the Connecticut River. Its western windows offer expansive views of the downtown Hartford skyline. The building also has easy access to the Interstate 84-Route 2 interchange, and via that to downtown Hartford.

Bank of America recently vacated the building, which it had used as a satellite office. Public records list an affiliate of New York-based Phoenix Asset Management as the owners.

The owners of the remainder of the Founders Plaza development have floated the idea of redeveloping the site’s vast parking lots as a “live-work-play” development building off of the success of redevelopment efforts in downtown Hartford.