The bankruptcy auction of +/-29 acres on our online auction platform, LFC.com, is only one month away from its bid deadline, and I wanted to share more insight into the City of Spartanburg, South Carolina before the auction ends.
As I mentioned in my post about connecting with your town on social media, Spartanburg has been doing an exceptional job creating valuable content reaching out to residents and visitors through various social media services. However, I failed to mention that the city also runs a successful blog, teeming with local news and information that is worth checking out whether you live there or not. Their most recent article titled Newly Expanded Hours for Top Local Tourist Attractions provides updates on the hours of operation at the Hollywild Animal Park and the historical Walnut Grove Plantation. While the blog primarily focuses on current event updates such as the farmer’s market schedule and the city bike race, they also post relevant stories about the city, such as this article from the Washington Post that provides an in depth review of the town from an nonresident’s perspective, titled Spartanburg, S.C., savors its Colonial-era past and its BMW present. Becky Krystal crafts her story for the Post’s travel section by ushering readers through the days of old when the town was just a “railroad hub” up to the present day, when the city features a BMW luxury car plant and six schools of higher education.
These are just a couple of the articles I found noteworthy for their rich content and differing perspectives. I encourage you to research this historic town and read up on the economic growth its 150,000 residents are enjoying despite the down economy. If raw land factors into your investment strategy, visit our online auction so that you can perform all of your due diligence before May 27th.
Our online auction for bank-owned property in Orland, California has finally come to an end thanks to one persistent bidder who outlasted all others! Though a bid deadline was initially set for March 25th, the seller invoked our patent-pending LAST CALL® system which extends the auction by twenty four hours each time a new high bid is placed. Ten different bidders combined to place over 30 bids, keeping this exciting online auction alive until April 15th after a remarkable three weeks of Last Call® bidding.
Much of Northern California, including Orland, was hit hard and early by the collapse of the commercial real estate market, creating countless investment opportunities, such as this bank-owned plot of land, which created quite the buzz among local residents and business professionals alike.
There are many aspects that made this property attractive. For starters, the minimum bid of just $110,000 represented a remarkable deal for such a versatile property. Also, the land’s close proximity to the bustling town of Chico stretched its appeal across the entire region.
This auction may have ended, but you can always stay up to date on all of our exciting auctions by following us on Twitter, subscribing to our RSS feed, signing up for our monthly eNewsletter, or checking out our website LFC.com.
Beginning April 14th, 2010, LFC will be auctioning another commercial real estate property on its online auction marketplace, LFC.com. By order of the trustee, a ±29.1 acre plot of land in Spartanburg, South Carolina is in Chapter 7 Bankruptcy and for sale at auction. Located at the intersection of Interstate 26 and Interstate 85, the property is un-zoned land, giving it an endless number of development possibilities. There are also some utilities that have been brought to the site.
For those unfamiliar with the area, Spartanburg is the largest city in Spartanburg County, boasting 150,000 residents and experiencing stable economic growth despite the down economy. The town has a long and storied history dating back to the Revolutionary war, and was named after the Spartan regiment of South Carolina’s militia. For more Spartanburg information from a local’s perspective, check out what the Spartanburg Chamber of Commerce has to say on its Relocation Information page.
If you want to join in the discussion about Spartanburg real estate and the like, you can follow the City of Spartanburg on Twitter. To view this online auction, all of the property’s pertinent documentation, photos and more property details, visit our online auction marketplace for commercial real estate at LFC.com. However, this incredible opportunity won’t last forever because the Bid Deadline is on May 27th, 2010 and the clock is ticking!
The bankruptcy auction of +/-29 acres on our online auction platform, LFC.com, is only one month away from its bid deadline, and I wanted to share more insight into the City of Spartanburg, South Carolina before the auction ends.
