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5 Parcels of development land and a potential gold mine in Lake Oroville, CA
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Bank-owned 2 bed/ 2 bath loft-style condominium in Akron, Ohio
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+/-43 Acres of vacant land with commercial and multifamily zoning in Columbus, OH
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+/-9.14 Acres of entitled land mapped for 31 single family lots in Moreno Valley, CA
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Portfolio of development land and commercial properties in North Carolina
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Bank-ordered auction of various properties in Hilton Head Island and Okatie, South Carolina
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Beautiful estate home in Duluth, MN
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Summer time is in full swing and it’s ‘California Dreaming’ for real estate investors looking to purchase REO property in Northern California. North Valley Bank has brought a portfolio containing a suggested value of nearly $13 million in multi-family lots, SFR lots, vacant land parcels, community development land, and office retail condos to online auction at www.FRE.com. Minimum bids can start as low as $125,000 and with properties located in Lake County, Nevada County, Siskiyou County, Sonoma County, and Tehama County, you’ll be sure to find assets that fit your investment strategy.
Though the portfolio’s properties are located in various parts of northern California, the online auction represents multiple investment opportunities for builders, developers and real estate investors to conveniently purchase bank-owned property through a transparent, fair and open bidding platform. Each auction profile page contains all of the essential due diligence materials so bidders can view all of property details, photos, auction documents, escrow information, and property specific documents from anywhere in the world.
Check out all of the auction properties at www.FRE.com before the bid deadline of August 11th at 5:00pm PDT.
Related Posts
LFC recently launched a new online auction campaign for some highly desirable commercial development land in San Jose. The auction features two contiguous ±12 acre parcels of vacant land located at the intersection of Yerba Buena Road and Verona Road in the eastern part of San Jose’s Evergreen district. Both properties are zoned Campus Industrial and are bordered on the south by the U.S. headquarters of Hitachi Global Storage.
The two parcels are being sold separately. One parcel measures ±12.2 acres and has a minimum bid of $999,000. The abutting parcel, with ±12.13 acres, has a minimum bid of $899,000. Both minimum bids are nearly 80 percent less than the previous listing prices.
For more details on the properties and the auction, visit LFC.com/804L1. The bid deadline is February 3, 2011.
There’s a new campaign on LFC.com for some very desirable bank-owned development land. There are a total of seven properties for auction, including large land parcels in central California and Nevada.
The auction features:
Click here to visit the auction webpage.
Related Posts:
The Never Lose a Listing® program is the newest addition to the LFC Group of Companies’ online auction platform, and we would like to highlight the first success story from this program for real estate professionals. If you missed our first post about Never Lose a Listing®, I’ll bring you up to speed on how the program works.
Never Lose a Listing® is aimed at commercial real estate professionals who want to utilize LFC’s online auction technology at no cost while keeping 100% of their sales commission. Real estate professionals looking to diversify their marketing strategies can use this program to build and run their own online auction campaigns, helping them capture buyer attention in today’s saturated commercial market. Participants in the program manage all of their online auctions while keeping a close watch on their prospects through the platform’s detailed prospect management tools.Furthermore, prospective buyers are directed to the broker’s exclusive landing page as participants market their listings independently from LFC.
One of the first real estate professionals to auction commercial property with this program generated a tremendous amount of buyer attention by utilizing LFC’s marketing tools, and in return, received multiple bids on the property. The auction was originally scheduled to end on April 29th, 2010, but the seller elected to invoke LFC’s patent-pending bid extension process, LAST CALL®, and the frenzy of competing buyers kept the auction going for an additional six days. In previous posts, I’ve explained how the extra time afforded by LAST CALL® protects bidders from unfairly losing the auction and allows them extra time to deliberate through their due diligence. Needless to say, the bidders might never have found their way to the online auction if not for the broker’s persistent use of LFC’s marketing tools.
One such cost-effective tool is auction signage. With Never Lose a Listing®, participating brokers can purchase the same signage that has proven remarkably effective throughout LFC’s storied history. Each auction sign, as well as all marketing fliers generated by the system, feature a unique URL that takes interested buyers directly to the auction property’s webpage, where prospects can view more property details and photos and perform extensive due diligence prior to placing a bid. Signage is one of the most cost effective and successful forms of marketing an online auction, and LFC streamlines the process, allowing brokers to focus on what they do best.
We expect this broker to capitalize on the opportunity to continue using LFC’s online auction technology in the near future, and we hope that his new auctions are as successful as this one. For more information about this program, visit LFC.com/NLL now.
Related Articles
If you read the coming soon post for our online auction in Orland, California, you already know a little bit about this northern California town and its surrounding area. This online auction for +/-53 Acres is now up and running and you can check it out on our commercial real estate auction website LFC.com.
I am going to make this post short and sweet because we upload every possible piece of information on all of our auctions and make it available for download.
Unlike latest post in a series on our residential real estate blog, this auction is for bank-owned property. What does that mean to interested buyers and investors? This auction’s minimum bid is a jaw-dropping low price of $110,000. Better yet, this property sits along Highway 32, serving as the main artery for Chico traffic commuting to and from the 5 Freeway. With a minimum bid this low, you won’t want to miss out!
The auction for +/- 89 acres of development land in Pixley, California is coming to an end TODAY at 5:00 PMPST.
Pixley is located in the heart of California’s Central Valley in Tulare County. Situated between Visalia and Bakersfield, this Lender-Owned property is in the economic center of the Sequoia Valley region.
Broker participation is offered in all of our auctions and with only hours left in the auction, come see the auction event page to view all of the property photos and auction details at LFC.com.
California Residential Development Land For Sale
LFC Auction #1 – Strada Del Vino Lot #1| Temecula, CA
Property Details:
Size: 4.81acres
Location: Temecula, California
Minimum Bid: $149,000
This Online Auction offers serious buyers an incredible opportunity to purchase prime land located in the emerging southern California wine capital of Temecula. The total property, ± 25 acres, is subdivided into 5 separate lots, each fully entitled as a ± 5 acre residential vineyard estate lot, although the land is zoned Citrus Vineyard and lends itself to many other uses. Streets and wet utilities are in, and the dry utility design has been completed and accepted by Edison. The site is partially planted with grapevines which are managed under an agricultural easement by Stuart Cellars.
Detailed property documents including zoning, conditions of approval, easements, geotechnical reports, improvement plans, plot maps, etc. are available under the Document tab above.
Acres: 4.81
Zoning: C/V Citrus Vineyard
APN: 927-480-010
View Full Property Details: California Commercial Land For Sale
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Nation Wide Commercial Property For Sale
LFC Auction | National Search
Property Details:
Size/Type Various
Location: Nation Wide
The National Auction Property Search provides easy access to real estate properties currently
offered for auction through LFC’s Accelerated Marketing Program (AMP). You can filter your
search results by property type or click on a state.
View Full Property Details: National Commercial Real Estate For Sale
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