National Commercial Auctioneers to Conduct Bank Owned Real Estate Auction of Properties in Northeast Oklahoma August 3-5

TULSA, Okla., July 13, 2011 /PRNewswire/ -- National Commercial Auctioneers [www.natcomauctions.com] announces a real estate auction to sell bank owned properties in Northeast Oklahoma on August 3, 4 & 5, 2011, according to Stephen Karbelk, CAI, AARE, CEO & Founder.

"We have some outstanding opportunities for real estate investors and end-users to purchase properties at auction prices," said Karbelk. "We have retail commercial property and several nice residential properties up for bid."

Located at 914 South Wood in Okmulgee, the retail commercial property is 3,000 sq. ft. in a high traffic area off Highway 75. Built in 1998 the building includes an office area with 2 private offices, a small dining area, a private bathroom, and a showroom area with 12 ft vaulted ceilings situated on a double lot.

Also up for bid is a stately four bedroom, 2.5 bath home built in 1920 on a large .69 acre lot. Located as 120 S. Prairie in Okmulgee, this property offers a great location in a quiet and sophisticated neighborhood. This two-story home has great curb appeal and an open floor plan. Also up for bid in Okmulgee is 314 N. Seminole, a 1,350 sq. ft. single-family home built in 1920, featuring 12 ft. ceilings, three bedrooms, one bath and a one-car detached garage.

"These properties have tremendous investment potential," noted Karbelk. "We are also offering a brand new quaint lake cabin in Afton, Okla., at auction that would make an excellent investment rental or weekend getaway. It's 90 percent complete and ready to finish out to your taste."

The cabin is a bank-owned 1,229 sq. ft. open floor plan located in Cambridge Shores near Grand Lake, Ugly John's and Thunder Bay Marina. The property includes full cedar siding, a full concrete porch, two bedrooms, two baths, wood flooring in the kitchen and main living area.

Three residential building lots will be offered at auction, including a 1.12 acre lot near Southern Hills in Tulsa, and two lots in the Weston at Wakefield subdivision in Jenks.

Broker participation is offered and encouraged. For more details on how to receive property information packages and inspect properties, visit www.natcomauctions.com or call toll free at (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