Office buildings, retail properties, land and home sites to sell in auction of bank-owned real estate
ATLANTA, GA (July 2, 2012) --
Retail and office buildings, commercial land and more than 200 home sites are
among the bank-owned properties in metro Atlanta that will sell at auction
Thursday, July 26, with John Dixon &
Associates managing the sale.
“Most of the properties are
located in the southern metro Atlanta area, including Fayetteville, Palmetto,
Stockbridge and the Peachtree City area. But there are a few sprinkled
elsewhere, including Villa Rica, Alpharetta and Snellville,” said John Dixon,
president of the auction company.
“We have a strong group of
commercial properties, including three buildings and three commercial pads at
the beautiful Burkes Square development in Fayetteville,” said Dixon. “We also
have the Woodbury restaurant formerly known as Wayne’s, and an office/warehouse
and self-storage facility in Haralson.”
Other properties include a
multi-tenant retail center with 17 bays (Riverdale), a five-bay truck shop and
office/house (Conley), and a convenience store (Newnan).
The properties are owned by a
major regional bank. “It’s unfortunate that the downturn of the last few years
resulted in so many good properties ending up under the ownership of banks. But
the upside is that great fortunes are often made by investing when prices are
low. Many of these properties will probably sell at a fraction of their former
prices. Smart investors understand that lower prices translate into excellent
returns at low risk,” said Dixon.
The auction will begin at 11 a.m.
at the Quality Hotel Conference Center, 1551 Phoenix Road, Atlanta. Individuals
seeking additional information may contact the auction company at 770-425-1141.
John Dixon Associates, based in
Atlanta, is a leading auctioneer of commercial property, residential property
and land throughout the United States.
