Commercial Properties to Sell at Bank Ordered Real Estate Auction in Phoenix
J.P. King Auction Company, the nation's leading real estate auction marketing firm, will auction The Pierre, a 23-unit condominium complex, and three acres in Avondale, Ariz., in a bank-ordered real estate auction.
Phoenix, AZ (Vocus/PRWEB ) November 6, 2009 -- J. P. King Auction Company, the nation’s leading real estate auction marketing firm, will manage the bank-ordered real estate auction of a three-story condominium development and a 3.01±-acre commercial lot. The auction will take place at the Sheraton Phoenix Downtown at 340 North 3rd St. on Sunday, November 15 at 2 p.m.
The Pierre, a 23-unit courtyard-style condominium development, is located in midtown Phoenix. A three-story building, each unit has its own balcony or patio. The development will sell at an entirety, providing income opportunity for its buyer.
Also selling on November 15 will be 3.01± acres in Avondale, Ariz. This commercial land is located on the corner of 99th Avenue and Van Buren and is zoned Planned Area Development District (PADD).
“These properties both have potential to be excellent income-producing opportunities,” said Craig King, president and CEO of J. P. King Auction Co. “The Pierre even provides the option of being an income opportunity or it can be used as an individual resale.”
Properties are available for preview by appointment only through auction day on November 15. Individuals interested in information about the upcoming auction may visit the J. P. King Asset Division of the company’s Web site at www.jpking.com.
J. P. King Auction Co., based in Gadsden, Ala., is the nation’s leading real estate auction marketing firm specializing in high-value properties such as luxury homes, land, ranches, condominiums, commercial properties and developments. J. P. King has marketed upscale properties in 49 states and six countries with recent sales in Texas, Georgia, Florida and Tennessee. This sale is conducted through its asset division, which serves corporate clients, financial institutions and government entities in the disposition of strategic assets.
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