The property consists of 5.33± Acres of level Seasonal Resort-Commercial zoned land improved with Sixty-Nine (69) RV Pad Sites. Of the Sixty-Nine (69) pad sites, fourteen (14) are ‘pull through’ sites which do not require the RV owner to back into the pad site. Additional improvements include an internal brick paved roadway, a two-story 5,528± SF common area building consisting of three condominium units, management office, laundry facility, fitness facility, and men’s and women’s restroom facilities. The site also contains a heated pool, as well as perimeter fencing with gated access. All utilities are underground and each site offers 50 and 30 amp electrical service along with water and sewer hookups.

The Seller has set an aggressive  Minimum Bid of just $1,799,000  and fast approaching Bid Deadline of October 13th in efforts to make this a date certain for sale. They have also made all of the due diligence materials available for download on the auction webpage so you should check out the online auction at FRE.com today.

Here are some quick auction highlights in case you haven’t seen the online auction yet:

• Minimum Bids as low as $49,000
• Aggressive Bid Deadline set for June 30, 2011 at 5pm EDT
• ± 25,000 SF multi-tenant industrial building
• ± 2,480 SF industrial office / warehouse that sits on a ±13,300 SF lot
• ± 7.71 acre industrial land parcel
• ± 0.52 acre commercial land parcel zoned C-1
• ± 4.80 acre of Bank-Owned land parcel zoned C-1

Not familiar with the area? That’s o.k. The Fort Myers-Cape Coral metropolitan area is the economic hub of Lee County of South West Florida. The county’s highly diversified economy has helped make it the most populous county in southwest Florida, with a population of more than 620,000. Lee County has experienced tremendous population growth over the last decade, though the pace has slowed significantly since the economic downturn. Still, thousands of people move to the region each year to search for employment opportunities and take advantage of the southwest Florida weather and lifestyle.

To view all of the auction properties, due diligence materials, details, and photos, visit FRE.com. Remember, all Bids must be submitted before the Bid Deadline of June 30, 2011 at 5pm EDT so move quick!

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Here at LFC, we are shameless when it comes to explicitly advertising the benefits sellers get when they participate in an online real estate auction. As I mentioned in my most recent post on our residential real estate blog, I have gone as far as climbing up and advertising on the seller’s yacht for our auction of two condos on the Newport Beach Harbor in Southern California as well as having put up 40 directional signs for a single open house. Unfortunately, there are no boats to advertise with in the Nu River Landing auction, but this auction has generated quite the marketing buzz due to the other auction advertising we’ve done.

With three units sold, our marketing team has gone as far to give the Nu River auction the sub-title “If these prices don’t get you excited- Nothing will!!!” The marketing team strategically placed this at the top of the auction event’s web page because minimum bids are the focal point in all of our auctions.

When prospective buyers hear the word “auction” they think there is a deal to be had. That is why the minimum bid must be tantalizing enough to draw bidders into our online real estate auctions. Moreover, minimum bids are a major aspect of online auctions that differentiate their sales from traditional real estate.

If no offers are made on a traditional real estate listing, sellers often feel the pressure to reduce that listing price. This is commonly called chasing down the market, meaning that sellers will lower their price until an offer is made. If the property sells, the purchase price can be closely considered the market value for that property. Auctions work the price from the opposite direction. When pricing begins at a value much lower than what the seller considers to be the listing price (or “suggested value” as we call it), prospective buyers bid until the highest bid is not surpassed before the deadline.

The Bid Deadline for the Nu River Landing Auction is January 14, 2010 and we are expecting to see some considerable action on the last two units. I’m not going to get into explaining the strategy behind the Bid Deadline process in this post, but I will be sure to get one out before the year’s end.

Feel free to leave a comment if you have any questions!

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

There are only 2 properties left in the post-auction of Retail Offices at Nu River Landing in Ft. Lauderdale, Florida. The remaining retail/office condos are located in the commercial component of the NuRiver Landing high-rise, a brand new luxury residential community in downtown Ft. Lauderdale.

At buy now prices, there is no telling how long these two properties will last. Check out the condos, along with all the documents and photos, on our commercial real estate auction site LFC.com.

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com