May 23, 2008, Newsletter Issue #139: Auctions of Commercial Real Estate

Tip of the Week

Auctions of commercial real estate occur frequently. You can easily find commercial real estate for auction through classified ads in your local newspaper and other periodicals. Additionally, larger real estate companies and some auction houses will list commercial sites that are up for auction. Online auction sites, such as eBay, now feature sections devoted to the auction of commercial as well as residential real estate. Auctions held by the US government are also excellent sources for land auctions. The General Services Administration of the US government auctions off old government property, such as office buildings, military bases, and supply areas. These sites are sold at fair market price and often come with buildings available for commercial space.

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