Ohio Land Auction

Auction Newsflash: Residential, industrial, land auctions across the US

Take a minute to search the auction properties on FRE.com. There are some great investment opportunities; bank-owned land, large manufacturing/distribution facilities, office/warehouse buildings and much more.

 

Auction Newsflash


Bank-Ordered Auction in Montgomery County, Ohio

±75 Acres of Residential Development Land
Rolling Meadows in Huber Heights
Montgomery County, Ohio
Minimum Bid Only $199,000
All bids must be submitted by June 21st
Visit website for more property and auction details at www.FRE.com/128L1
 

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Buyers Attracted to Online Auction of a Unique, Bank-Owned Land Parcel near Columbus CBD

Posted by rbennett on April 10, 2012
Ohio Commercial Real Estate Auctions, Ohio Land Auction / No Comments

This real estate auction, featuring a development site of approximately 43 acres, sits on the westerly side of Grove City, which is considered one of the faster growing suburbs of the City of Columbus. About 8 miles southwest of the Columbus Central Business District, this development site is located directly across from the Central Crossing School Complex (Central Crossing High School and Holt Crossing Intermediate School) and South-Western Career Academy near the intersection of Holt Road and Big Run South Road.

The zoning on this parcel is split; CPD (Commercial Planned Development) for the frontage and multi-family for the rear portion, affording itself to a unique development opportunity of retail shopping and apartments or condominiums.

Attracting much interest from local homebuilders, developers and real estate investors, the online auction on the Freedom Realty Exchange (FRE.com) delivers a fair and competitive online bidding process which will bring true market value to the property and the seller.

“The inventory levels of similar land is high, but when a seller such as this bank steps up and sets a minimum bid well below market value, it’s hard for buyers to ignore”, states Ryan Devin with the auction company.

As an alternative choice to a traditional real estate sale, online auctions can be particularly effective for financial institutions that want to, or need to, get the inventory off their books quickly and believe that the auction creates a trading platform bringing buyer and seller together in such a way that fair market value is realized. Evident by the minimum bid of $499,000, less than $12,000 per acre, the bank is very motivated to sell.

“We have had a good response from interested parties, mostly local builders and investors, but also some from out of state, who see the upside in purchasing at a discount, waiting until the market turns and then being in a great position to take advantage of it”, states Devin.

As with all of auctions on the Freedom Realty Exchange website, property research, due diligence and bidding are conducted completely online, removing the inconvenience and unwanted pressure that comes with a traditional outcry auction. Interested buyers can access property documents and auction details by visiting FRE.com. Bids must be submitted by April 26th.

About LFC Communications, Inc.
The Freedom Realty Exchange is owned and managed by LFC Internet Marketing, Inc., a member of the LFC Group of Companies. For more than 30 years, the LFC Group of Companies has successfully auction marketed thousands of commercial, industrial, land and residential properties, with sales in excess of $5 billion; and for the last seven years, we have conducted real estate auctions exclusively online. We have successfully served numerous Fortune 500 companies, real estate developers, investors, financial institutions, government agencies and real estate brokerages, providing a complete suite of real estate disposition strategies and auction marketing programs for commercial and residential property and mortgage notes.

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Land, Commercial & Residential Auction Newsflash

+/-5 Acre development site or residential ranch in Hemet, CA
CLICK HERE TO VIEW AUCTION

5 Parcels of development land and a potential gold mine in Lake Oroville, CA
CLICK HERE TO VIEW AUCTION

Bank-owned 2 bed/ 2 bath loft-style condominium in Akron, Ohio
CLICK HERE TO VIEW AUCTION

+/-43 Acres of vacant land with commercial and multifamily zoning in Columbus, OH
CLICK HERE TO VIEW AUCTION

+/-9.14 Acres of entitled land mapped for 31 single family lots in Moreno Valley, CA
CLICK HERE TO VIEW AUCTION

Portfolio of development land and commercial properties in North Carolina
CLICK HERE TO VIEW AUCTION

Bank-ordered auction of various properties in Hilton Head Island and Okatie, South Carolina
CLICK HERE TO VIEW AUCTION

Beautiful estate home in Duluth, MN
CLICK HERE TO VIEW AUCTION

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Online Auction for Commercial & Multifamily Land in Columbus, OH

Posted by rbennett on April 06, 2012
Ohio Commercial Real Estate Auctions, Ohio Land Auction / No Comments


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