Columbus, Ohio - May 10, 2010 - United Country - Gryphon Realty & Auction Group will conduct a "privatized" foreclosure auction on May 26, selling a 3,055-square-foot commercial building in Columbus, Ohio. Whether buyers are looking for the right location for their small business or a commercial property investment, this opportunity should not be missed.
"Ohio has allowed licensed auctioneers to sell property in place of the county sheriff since 1969," said Rich Kruse, president of United Country - Gryphon Realty & Auction Group. "However, it's just been recently that the banks actually put this option to use. The sheriff has up to 200 properties to sell each week in some counties, so in many cases it makes more sense to engage private auctioneers."
The live auction will take place onsite at 3205 East Dublin Granville Road in Columbus, Ohio. The event will begin at 10 a.m. EST on May 26, and the property is available by appointment for private showings before the auction event.
"The commercial real estate market is in transition and these types of events provide an opportunity for investors to expand their portfolios with a prime property at a favorable price," said Kruse. "Offering properties at auction provides expedience, effectiveness and the ability to achieve a transparent price through competitive bidding."
Formerly used as a real estate title office, the building for sale is a brick and frame structure with a block foundation and paved parking area. A split-level structure offering 3,055 sq. ft. of space, the property has 18 parking spaces and 354 feet of frontage on well-traveled Dublin Granville Road, just west of Westerville Road in Minerva Park.
Detailed information about the property for sale, property showings and additional auction information including terms & conditions can be found online at www.gryphonauction.com or by calling 614-885-0020.
About United Country Gryphon Realty & Auction
United Country Gryphon Realty & Auction Group is the Central Ohio affiliate of the largest fully integrated network of conventional real estate and auction real estate professionals in the United States. Based the Polaris Area of Columbus, Ohio, the company is a subsidiary of Gryphon USA, Ltd., a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. The company maintains a real estate brokerage practice, auction group, property management division and appraisal division. Co-founders Richard and Melissa Kruse also regularly hold engagements as court appointed receiver throughout Ohio.
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
