LOCUST GROVE, Ga., Jan. 17, 2012 (GLOBE NEWSWIRE) -- National Commercial Auctioneers (www.natcomauctions.com) announces the foreclosure auction of 5.41± acres of commercial property in Locust Grove, Ga., on Tuesday, February 7, 2012, at 1pm local time, according to Steven Mathis, Vice President and Broker.
"This is an excellent opportunity to purchase commercial property at auction prices," said Mathis. "We have two steel-framed commercial buildings with frontage on Highway 42, just one mile East of I-75."
Located at 2611 Highway 42 South in Locust Grove and built in 1996, the first building is 1,566 square feet situated on 5.41 acres. The building has three offices, one bathroom and a work area. Built in 2002, the second building is 9,990 square feet, and has an office area, snack area and two shop areas. Both buildings have a metal facade, steel frame and concrete slab foundation. The warehouse has four drive-in truck doors.
The properties are zoned M-2 and located in the industrial/distribution area of Locust Grove. The site has a triangular shape and is situated between the East side of Highway 42 and the Norfolk Southern Railway. Public utilities are available.
Locust Grove is a small, rural, residential and agricultural community in Henry County, Ga. Commercial development in Locust Grove's new Market Place area, which is less than two miles from the auction properties, includes a 155,800 square foot Walmart store with a modern look which opened in 2011. There is also a 300,000 square foot Tanger Outlet with over 70 stores. The new Market Place Boulevard between Highway 42 and Bill Gardner Parkway as well as the Market Place at Locust Grove Shops has many new shops and restaurants beginning construction in 2012, including IHOP and Murphy Express.
Other major employers in the area include Smead Manufacturing, Sims Superior Seating, Southern Pine Flooring, Strong Rock Christian Schools, Henry County Board of Education, the City of Locust Grove, Ingles grocery store, and various other important small businesses and medical services.
Broker participation is encouraged. Property inspections are scheduled for Jan. 24 and Jan. 31, from 11am to 1pm. The auction will be conducted at the Superior Court of Henry County, at the courthouse door, in McDonough, Ga. For more details on how to receive the property information package visit www.natcomauctions.com or call (877) 895-7077.
National Commercial Auctioneers is a national commercial property auction company dedicated to the sale of commercial property for commercial lenders, bankruptcy trustees, private equity funds, and public and private companies throughout the United States. NCA has the knowledge and expertise to effectively deliver a market driven auction for every kind of commercial property.
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