National Commercial Auctioneers to Auction Lender Owned Commercial Properties in Greater Atlanta Area

Mar 09, 2011, 09:21 ET from National Commercial Auctioneers

ATLANTA, March 9, 2011 /PRNewswire/ -- National Commercial Auctioneers [] announces the auction of 13 bank-owned properties in the Greater Atlanta area on March 22 and 23, 2011.

"This is an excellent opportunity to purchase Atlanta area real estate at auction prices," said Michael Fine, broker. "First Intercontinental Bank has directed the auction of 13 commercial properties including a hotel, strip mall centers, offices, gas stations, and development sites. Some of the properties are offered Absolute meaning without reserve and will be sold to the highest bidder."  

What is unusual in this auction is that the seller is offering non-recourse financing on all properties, said Fine.  In addition, a number of the properties have tenants which create opportunities for the user as well as the investor buyer.  

Featured properties include: an 85-room operating hotel in Cartersville, Ga., with a full-service restaurant and outdoor pool; a 3,500 square-foot convenience store and petroleum facility at 3380 Buford Hwy in Cumming, Ga.; and a 19.16 acre site with a self-car wash facility.

Other featured properties include: a 15,647 square-foot retail office center at 5390 Peachtree Industrial Blvd., in Norcross, Ga.; an 8,544 square-foot retail center with high traffic counts designed for three to five tenants and a gas station in Alpharetta, Ga.; two 1,400 square-foot retail/office condominium units conveniently located Northwest of I-85 on Satellite Blvd., in Suwanee; an 18,200 square-foot strip retail center in Lawrenceville, Ga.; and a 5,204 square-foot retail center in Stone Mountain, Ga.

Also at auction: a 3.055 acre vacant land parcel located on the West side of North Point Parkway in Alpharetta, Ga., with 670 feet of road frontage; 1.28 acres of vacant land located on the South side of Sugarloaf Parkway in Lawrenceville, Ga.; a 1 acre vacant commercial parcel located on the Southeast side of West Park Blvd. in the metro area of Atlanta; 16.39 acres in Cartersville, Ga.; and two parcels totaling 4.23 acres selling as one in Gainesville, Ga.

For more details on inspection dates, property information packages and the terms of the auctions, visit or call toll free (877) 895-7077.  

National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.

SOURCE National Commercial Auctioneers