Commercial Auction Listings » Commercial Real Estate Auctions

Online Auction for Bank-Owned Luxury Home Sites in Reno Enters Final Week

jgerber — Fri, 23 Jul 2010 00:38:32 +0000

There’s only one week left in the online auction for 16 bank-owned luxury custom home sites in the exclusive Reno community of Somersett, and buyers are gearing up to make competitive bids in hopes of landing one of these prime lots.

The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located in Eagle Chase, one of Somersett’s premier gated communities, with the other thirteen home sites, ranging in size from 0.45 acres to more than five acres, residing in the gated community of Champion Hills. Many of the home sites feature unmatched views of the nearby golf course and surrounding mountains.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

Interested bidders are encouraged to visit www.LFC.com/882R2 to view important property documents and disclosures and conduct due diligence prior to bidding. The bid deadline is July 29, 2010.

Online Auction in Diamondhead, MS

cflynn — Thu, 20 May 2010 00:37:41 +0000

We recently launched a new auction for a property in Diamondhead, Mississippi on our online auction platform for the disposition of land and commercial property, LFC.com, and it’s about time to fill you in on some of the details. Diamondhead is located in the southwest corner of Mississippi, less than 60 miles from both New Orleans, Louisiana and Biloxi, Mississippi. The Gulfport-Biloxi International Airport is also only a short drive east. As part of the Gulfport-Biloxi metropolitan area, Diamondhead has close to 6,000 residents, according to the 2000 national census.

Located on Park Ten Drive with high visibility and exposure to the busy I-10 freeway, this versatile land parcel is zoned C-2, and includes a signage site that can be used to generate additional income. Over 850 ft. of the property’s +/-13.72 acres are along Interstate-10. More importantly, the property’s suggested value is $2,500,000 and the minimum bid starts at $1,000,000!

If you want to see property photos, documents and other pertinent information, visit the online auction at LFC.com . Or if you want to get involved in the conversation with others in Diamondhead, you can become a fan of the Hancock County Chamber of Commerce on Facebook, follow them on Twitter, or join their network on LinkedIn. You can also get real time updates about this online auction and all of the other LFC auctions by following us on Twitter.

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First Never Lose a Listing Auction Successful

cflynn — Tue, 11 May 2010 18:29:37 +0000

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.

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Online Auction in Orland Comes to an End

cflynn — Fri, 16 Apr 2010 22:35:22 +0000

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 15^th 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.

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LAST CALL for the Bank-Owned Land Auction in Orland, CA

cflynn — Fri, 26 Mar 2010 21:42:40 +0000

Yesterday was the Bid Deadline for the online auction of +/-53 acres of bank-owned land in Orland, Calif., but the seller has elected to continue the bidding with LFC’s patented LAST CALL®.

Due to the seller’s invoking of LAST CALL®, the new Bid Deadline is set for Monday, March 29th at 5:00 PM PDT. This means that the auction will end on Monday at 5:00 PM unless someone places a higher bid before the deadline. If another bid IS taken before Monday’s deadline, the auction will be extended until Tuesday. These twenty-four hour extensions will continue until no more bids are placed.

You might be asking, why would bidders be allowed to extend the deadline? In order to explain that I will have to answer your question with a question: have you ever been sniped on eBay? In my post about our online auction in Columbus, Ohio, I explained LAST CALL’s extension process and sniping in detail:

LAST CALL® protects bidders from auction sniping. If you are familiar with other online auctions sites such as eBay, you know that everyone interested in the auction waits until the very last second to place their bid. There is even software that will automatically enter a bid in the last millisecond of the auction, what we call “auction sniping.” LAST CALL® protects bidders by eliminating the possibility of “sniping.” Real estate is a rather large investment to make online and we strive to give all bidders a fair chance at winning. Understanding that real estate is a rather large investment to make online, we made the LAST CALL® extension increment 24 hours to give bidders plenty of time to deliberate.

I invite you to follow this auction closely as bidders compete for the property. You can join in the conversation and stay informed about this online auction by following us on Twitter. If you have any questions pertaining to LAST CALL® or this auction, feel free to leave a comment.

Happy Friday!

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Upcoming Commercial Real Estate Auction Deadlines

cflynn — Thu, 18 Mar 2010 00:07:01 +0000

Our company has hit the ground running since the start of the new year and it’s hard to believe that the Bid Deadlines for several of our online auctions are almost here. The online auctions on LFC.com are span across the country from California toGeorgia. Don’t miss your chance to capitalize on an incredible investment opportunity. Here are a few of our commercial real estate auctions that will end in the next few weeks.

Bid Deadline for March 25th, 2010

BANK-OWNED! +/-53 acres of fully entitled land in Orland, California
+/-7.7 acres of commercially zoned M-1 land with a newly built commercial/retail complex in Weston, Wisconsin
+/-4 acres in Weston, Wisconsin

Bid Deadline for April 1st, 2010

+/-1.25 acres of commercial/retail development land in the heart of Brunswick, Georgia’s retail district
BANK-OWNED! +/-0.60 acre residential development parcel in Los Alamos, California
BANK-OWNED! Vacant R-3 parcel near the 101 Freeway in Paso Robles, California

Bid Deadline for April 8th, 2010

BANK-OWNED! +/-73 acres of lake front development land in Bemidji, Minnesota

Photo Credit: seier+seier+seier @Flickr.com

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Land Auction in Bemidji, MN: Bank-Owned Resort Development

cflynn — Thu, 11 Mar 2010 23:05:49 +0000

LFC is venturing into the land of 10,000 lakes to auction +/-73 acres of bank-owned land in Bemidji, the largest city in northern Minnesota. Located on the western shore of Wolf Lake, this property is considered a great residential/resort development opportunity. This online auction has a minimum bid of $699,000, less than half the previous asking price. In addition, there are several other aspects of the property and the town that make this auction a must-see for developers.

The city of Bemidji is part of the Cass Lake Chain of Lakes and the first city on the Mississippi River. Famous for its renowned Walleye fishing and tales of Paul Bunyan, who made the town his “playground” (yes, the larger-than-life lumber jack who befriended a giant blue ox), Bemidji is also well known for its state university. The Canadian border and nearby Winnipeg are only a short drive from Bemidji, making it a desirable vacation getaway for those looking to escape Winnipeg’s city life and enjoy the endless outdoors activities surrounding the lakes.

The Bid Deadline for this auction is on April 8th, 2010, so I strongly recommend that you check out the online auction and all of the property details at LFC.com.

Want to know more about Bemidji or share in the conversation? You can follow us on Twitter at Twitter.com/LFC_Auction. You can also follow the Bemidji visitor information Twitter account @visitbemidji or the Bemidji State University Twitter @BSUNews.

Photo Credit: mod as hell @Flickr.com

REO Auction for Land Parcels in Central California

cflynn — Thu, 25 Feb 2010 01:30:55 +0000

LFC is currently auctioning two bank-owned parcels in the central California coast counties of Santa Barbara and San Louis Obispo. Although I was born and raised in Southern California, the central coast is definitely my favorite part of the state. Best known for its vineyards and country lifestyle, the central coast goes against the strain of the hustle and bustle of southern and northern California’s biggest cities. The countryside is much more open, the beaches more peaceful, and the people more laid back. I see it is a privilege for me to introduce each of theseexceptional properties and highlight their development opportunities for commercial and residential use.

The first of these properties is located in Los Alamos, only a few minutes south of Santa Barbara County’s largest city, Santa Maria. Los Alamos is a small town situated along California’s scenic 101 Freeway stretching from Downtown Los Angeles to the Oregon border. The parcel of land we are auctioning is situated in an established residential neighborhood and consists of three individual lots totaling approximately 0.60 acres.

The second bank-owned property is an 8,800 square foot commercial / residential development opportunity in Paso Robles. Paso Robles is San Luis Obispo County’s fastest growing city, boasting dozens of award-winning wineries (for up to date information on events and local news, follow @TravelPaso on Twitter). The bank-owned property we are auctioning comes with flexible zoning, allowing for the development of both professional offices and multi-family units.

The Bid Deadline for both of these properties is coming up on April 1st and all of the necessary photos and documents are available to download at our online auction market place, LFC.com.

Photo Credit: @travelpaso at Flickr.com

Commercial Real Estate Auction in Brunswick, GA

cflynn — Wed, 24 Feb 2010 19:55:10 +0000

We’ve been super busy lately at LFC, and I wanted to catch you up on an online auction we have running for some prime commercial/retail property in the historic town of Brunswick, Georgia. Brunswick was established in 1771 and currently serves as one of the East Coast’s largest and most productive ports. Aside from its commercial industry, Brunswick is known for its high-end neighborhoods scattered across several small islands along the coast. The population is around 100,000 residents, and the city has a thriving tourism industry.

Over at LFC.com, we are auctioning a +/-1.25 acre property located just south of Glynn Place Mall along the Altama Connector Boulevard, a main artery to the city’s retail center. This property represents a great development opportunity. The minimum bid is only $199,000, a 75% decrease from the suggested value of $799,000.

I encourage you to visit the auction website, where we make it incredibly easy for you to perform your due diligence. On top of relevant property documents, the auction website contains several property photos, aerial shots, and parcel mapsto give you good sense of this high-traffic location. More importantly, the website also contains the details on how to place a bid.

The clock is ticking on this auction, which has a bid deadline of April 1st, 2010.

Photo by redhorse5.0 @ Flickr.com

Online Auction in Orland California

cflynn — Thu, 18 Feb 2010 22:37:42 +0000

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!