Category: John Dixon Associates News
Posted: 7/2/2012
Office buildings, retail properties, land and home sites to sell in auction of bank-owned real estate
By John Dixon

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.


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