West Palm Beach, Fla. — (March 18, 2014) — One of the last vacant parcels of land in the heart of downtown West Palm Beach will be auctioned off on April 3. The 1.25 acre parcel is situated at the corner of Banyan Blvd. and Rosemary Ave., across the street from the city hall parking garage.
The property, which has flexible zoning for residential, commercial or hotel and is less than one-half mile from City Place, will have an aggressive minimum bid of only $1.5 million.
The property is currently owned by a real estate fund.
“We are pleased to offer this very valuable piece of real estate for auction in the center of West Palm Beach,” said Lamar Fisher, President and CEO of Fisher Auction Company. “Given the wide-range of uses and the property’s ideal location, we feel the auction process will generate the highest number of potential bidders.”
The auction will be held Thursday, April 3 at 11 a.m. at the West Palm Beach Marriott, 1001 Okeechobee Blvd., West Palm Beach, 33401. To register and for instructions on how to participate in the auction, visit www.fisherauction.com. All bidders must be pre-qualified!
Fisher Auction Company has previously handled numerous high-profile auctions including the former Versace Mansion, numerous private islands and multi-million dollar mansions of business executives, celebrities and professional athletes.
About Fisher Auction Company
A family-owned business founded in 1967 and based in Pompano Beach, Fla., Fisher Auction Company is comprised of highly trained and skilled individuals with backgrounds in auctioneering, real estate, development, finance, accounting, law, appraising, banking, sales and marketing. The firm is dedicated to a superior code of ethics with the highest degree of professionalism whose reputation has and continues to be built on handling one successful sale and auction at a time.
For media information: Ryan Julison, Fisher Auction Company, (321) 377-6877