National Commercial Auctioneers to Conduct Bank Owned Real Estate Auction of Properties in Northeast Texas June 28-29
TULSA, Okla., June 7, 2011 /PRNewswire/ -- National Commercial Auctioneers [www.natcomauctions.com] announces a real estate auction to sell bank owned properties in Northeast Texas on June 28 and 29, 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 3 excellent commercial properties here, as well as a residential building lot."
Located at 4207 Lazy Creek Drive in Tyler, the first property is a 1.390 acre residential building lot in The Ridge at the Woods subdivision in the piney-woods of Tyler. Just minutes from the University of Texas at Tyler, shopping centers, theaters, restaurants, schools and hospitals, homes in the area are priced from $300,000 to $600,000. The auction will be conducted on-site at 1pm on June 28.
The second property is a 3,091 sq. ft. former branch of First State Bank built in 1981. Located at 210 East Royal Blvd in Malakoff, the property features four covered drive-thru lanes, a large lobby area, workroom with built-in shelving, four offices, a large vault and two restrooms. A built-in safe in the storage closet along with a security camera/monitoring system remain with the property. The auction will be conducted on-site at 4pm on June 28.
A 14,927 sq. ft. office / warehouse building with residential quarters will hit the auction block at 10am on June 29. Located at 6910 West I-20 in Van, the property includes three offices, warehouse areas, and is easily accessible to neighboring towns, including the Dallas / Fort Worth area.
"This property offers both commercial and residential benefits situated on a beautiful setting with a pond," said Karbelk.
The final property is a former Staples retail location built in 1999, featuring 23,805 sq. ft. on 1.837 acres and conveniently located off of US 59. The most recent owners operated an automotive dealership out of the building, with a commercial office, showroom and loading dock. The auction is set for 4pm on June 29.
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
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