National Commercial Auctioneers to Conduct Bank Owned Real Estate Auction of Properties in Northeast Oklahoma

TULSA, Okla., Nov. 3, 2011 /PRNewswire/ -- National Commercial Auctioneers (www.natcomauctions.com) and National Residential Auctioneers (www.natresauctions.com) announce a multi-property real estate auction of commercial and residential properties in Northeast Oklahoma, November 16, 17 and 18, 2011, according to Brent Wellings, auctioneer and project manager.

Up for bid is a property consisting of multiple parcels at 1644 E 3rd Street in Tulsa, including a 12,382 sq. ft. retail / warehouse building and two adjacent lots. One building has 6,282 sq. ft. of retail space with a division wall in the center to allow for multiple tenants. A 6,100 sq. ft. warehouse building is positioned to the West of the retail building and is used as a storage facility supporting the current business inventory.

"Multiple parcels exist within this property description with an opportunity to buy any combination of the buildings and lots being offered or purchase as a whole," explained Wellings. "We will hold a beauty supply inventory liquidation auction following the real estate auction."

The two adjacent lots total 12,000 sq. ft., which could serve as location for parking expansion or new construction.

Also up for bid is a 4,318 sq. ft., three bedroom, three bath home located at the end of a cul-de-sac 1.23 acre lot on the shores of Keystone Lake, at 1606 S. Terrace Road in Cleveland, Okla. This home will sell absolute to the highest bidder. Built in 1966, this traditional style home boasts amazing views of the deep water cove from its large wrap-around deck.

"This property is permitted for a boat dock and ready to be turned into a private retreat just 30 minutes West of Tulsa off Highway 412," said Wellings.

Two land auctions round out the offering in this group. The first is a 17 acre parcel of rural land just East of Highway 48 on Pinehill Road in Bristow, Okla. The property is composed of open area along the road and heavily wooded timber abundant with wildlife. The second property includes 10 acres of residential development land with frontage on 61st Street in Mannford, Okla.

Broker participation is offered and encouraged. For more details on how to receive the property information package, visit www.natcomauctions.com and www.natresauctions.com or call (877) 895-7077.

SOURCE National Commercial Auctioneers