Las Vegas Residential And Commercial Properties For Sale In Bank-Ordered Auction

J.P. King Auction Company, the nation's leading real estate auction marketing firm, will auction residential land, ideally-located commercial land and a ground lease at real estate auction on November 17.

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Intended site for the Mall of Las Vegas will sell at real estate auction on November 17

Las Vegas (Vocus) November 8, 2009

J. P. King Auction Company, the nation’s leading real estate auction marketing firm, will auction several properties in Las Vegas on Tuesday, November 17 at the Green Valley Ranch Resort, located at 2300 Paseo Verde Parkway in Henderson, at 10 a.m. The properties consist of residential land, commercial land and a retail ground lease.

Located off of I-215, the Multi-Family Residential Land property is 24.08± acres of vacant land zoned for Multi-Family Development District.
The Las Vegas Commercial Development Land is 59.78± acres of vacant land that has been divided into two parcels. The first parcel is 51.65± acres directly east of Grand Montecito Parkway while the remaining 8.13± acres are west of the Grand Montecito Parkway in Centennial Hills. The 59 acres were the intended site of the Mall of Las Vegas. Zoned Mixed Development, Town Center (MS T-C), this property provides a wide variety of acceptable commercial uses located in Centennial Hills.
In the upscale submarket of Las Vegas, this Sears Roebuck & Co. ground lease includes a 162,000 square-foot building on 12.19± acres and can be an income-producing property. Surrounding tenants include a JC Penny, Target and Kohl’s.

Properties are available for preview by appointment only through auction day on November 17. Individuals interested in information about the upcoming auction may visit the J. P. King Asset Division of the company’s Web site at http://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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