The potential here is awesome
White's City, NM (PRWEB) July 3, 2008
Higgenbotham Auctioneers International announced today that their firm would sell at auction White's City, New Mexico. The entire municipality as well as its surrounding acreage will be offered on July 14th at 11am.
A unique aspect of this sale is that the world will have the opportunity to bid on eBay.com® and get the chance to own the entire city. "By listing this property on Ebay® we provide our seller with access to the worlds largest online auction database. Ebay® is a household name and its users purchase everything from jewelry to airplanes, DVD's to real estate. It's a perfect fit for this unique property," stated Laura Whitt National Business Director for HAI.
Included in the auction are all the assets of the city, which include its water rights for 460 acre-feet of daily potable water usage. This amounts to 150,000,000 gallons per year from its three Artisan wells. As the only source of potable water for nearly 20 miles, this asset is truly significant as it is the life's blood of the community.
According to area news reports there have been dozens of enquiries about the water and its ownership. White's City is a virtual oasis in the middle of a very dry region of southern New Mexico. The city, which was founded in the early 1920's by Charlie L. White, is a national icon and has been managed by the White family since its beginnings in the roaring 20's.
Unique as it is and situated at the only entrance and exit to Carlsbad Caverns National Park, White's City thrives on the parks national draw of daily visitors and boasts many amenities, which cater to the constant flow of vehicular traffic and tourist. The city has two operating motels with 105 rooms, RV park with 46 spaces with water and electricity, 25 campsites, U.S. Post Office, grocery store, two restaurants, gift shops, gas station, museum, opera house, ice cream parlor and all the desert beauty of the Guadalupe Mountains.
In the hands of the right investor, entrepreneur, or philanthropist White's City can be returned to its heyday splendor. The auction will literally place the keys to the city in the hands of the winning bidder. Outlying acreages will be offered absolute to the last and highest bidder.
"The potential here is awesome," commented Whitt. "Realistically speaking, there are ten individual business enterprises operating in White's City with each of them being profitable and self sustaining. Combined, the assets are a watershed that has unlimited potential. Much of the city's potential is yet untapped. There is room for growth and development with more shops and service based businesses topping the list," she said.
About Higgenbotham Auctioneers:
Founded in 1959, Higgenbotham Auctioneers International (HAI) utilizes the auction method of marketing to sell real estate throughout the United States and the world. Higginbotham's success is attributed to the company's stellar track record in marketing unique properties and the firm enjoys continuing relationships with Fortune 500 clients such as Alcoa, Wal-Mart, and Albertson's Supermarkets, as well as many publicly traded and closely held companies.
For more information on the White's City Auction please contact Laura Whitt at Higgenbotham Auctioneers (800) 257-4161 or visit our website at Higgenbotham.com/pr