Commercial Auction Listings

This featured auction from the Freedom Realty Exchange is for the bank-ordered auction of a +/-31,848 SF retail center located along Tenth Street in downtown Alamogordo, NM. The building sits on just over 1.63 acres of land and has great exposure to the highly traveled Tenth Street corridor. It carries a C-3 Business zoning which allows for a variety of commercial uses. The property is partially occupied with some leases in place through 2014 on square footage from 770-5,000SF.

Given everyone’s hectic schedules during the holidays, the bid deadline was scheduled for February 9th at 5pm MST in order to allow all of the interested parties enough time to perform their due diligence. Though February 9th may seem far off, the clock is ticking and this property must sell. The bank has set an aggressive minimum bid of $350,000 so you better hurry so you don’t miss out on the opportunity to pick up an income producing property at a deeply discounted price.

Check out all of the online auction details, see more photos, and download all of the property documents at FRE.com.

Freedom Realty Exchange is excited to announce the launch of its newest online auction property for property in one of the most sought after areas in Las Vegas, Nevada.  The property is within a 5-minute walk from CityCenter Las Vegas, which encompasses the Aria Hotel, Vdara, Veer Towers, Crystals @ CityCenter and the Mandarin Oriental Hotel. Across the street are new, The Martin and the Panorama luxury condominium towers as well as the partially approved DesertXpress; the Interstate high-speed rail, which will serve as a direct link between the Los Angeles area and Las Vegas.

This building has an 8,000 SF footprint and sits on just under half an acre of land. The structure has over 9,498 SF of leasable space on the interior including over 4,800 SF of warehouse space and 2,900 SF of office build-out and storage. A portion of the building has been transformed into the “manager’s quarters” encompassing high-end finishes, making this the perfect place to entertain guests or clients.

The auction’s bid deadline is scheduled for March 1st at 5:00pm PST so don’t wait to check out the online auction at FRE.com. All of the auction documents, photos, and available property information has been posted for interested parties to do their due diligence.

In the suburbs about 25 miles outside of Atlanta sit two promising residential developments with an opportunity that many homebuilders, developers and real estate investors are finding difficult to ignore. The two groups of finished lots on the Freedom Realty Exchange (FRE.com) auction website are priced for a quick sale through a fair and competitive online bidding process.

As an alternative choice to a traditional real estate sale, online auctions can be particularly effective for sellers wanting to dispose of their property but are not willing to chase the market. An auction creates a trading platform that brings the buyer and seller together in such a way that fair market value is realized.

“Land can be a tough one to sell in this market, but when an investment opportunity such as this one comes around, it’s difficult for any investor to not get involved”, states LFC’s Director of Operations Ryan Devin. “This is the type of auction that most buyers are waiting for and the response has been overwhelmingly positive.”

This real estate auction features finished residential lots in the following communities:

• Bear Creek subdivision in Douglasville offers 59 lots with an additional 268 acres of raw land for future development. This community presents plenty of development opportunity as Phase 1 and Phase 2 of the master-planned community have been developed and there is an existing golf course, although not currently in operation. Starting bid for this auction is $475,000.
•  West Village at St. Andrews in Winston features 33 fully developed lots with over half of the lots overlooking the golf course. St Andrews is a golf and country club outside of the Dog River Basin giving residents access to the 18-hole golf course, clubhouse, swimming pool and pool house, and the tennis courts. The minimum bid for this auction is $132,000, that’s only $4,000 per lot.

It’s evident by the minimum bids that the seller is very motivated to sell, and although the fair market value of the property today is unknown, buyers are given the ability to set the sale price by bidding and validating just what the market is willing to pay.

As with all of auctions on the Freedom Realty Exchange website, property research, due diligence and even 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/114R3. Bids must be submitted by January 26th.