Bank Owned Property Auction- 3 Properties in Georgia and Florida

Online, February 21, 2012 (Newswire.com) - Higgenbotham Auctioneers International (HAI) will be auctioning 3 bank owned properties in Georgia and Florida. There will be two great waterfront properties in Florida including, a commercial/recreational gulf front site located in Carrabelle and a gulfstream motel and marina located in Steinhatchee. The third property being auctioned is a high volume water well and historic mill located in Grantville, Georgia.

The beautiful 7.13± acre commercial/recreational gulf front site in Carrabelle, Florida has a boat ramp along with 2 docks.

The 9.62± acre motel and marina located in Steinhatchee, Florida is income producing and comes equipped with a functioning restaurant and bar, general store/bait shop, boat ramp, and fueling facilities. The motel has 21 motel units, 8 with kitchenettes and 5 cottage/cabin units. The marina has frontage on the Steinhatchee River and thirty dock slips.

The well and historic mill located in Grantville, Georgia total 195,000± square feet and sit on 13.59± acres. The well is capable of yielding over 73 million gallons of water per year!

The complete auction schedule is as follows:

12 p.m. EST - Thursday, March 1: Auction held at 41 Industrial Way, Grantville, GA

10 a.m. EST - Friday, March 2: Auction held at 1706 Highway 98, Carrabelle, FL

3 p.m. EST - Friday, March 2: Auction held at 7022 Highway 358 SW, Steinhatchee, FL

All previews will be 2 hours before the sale.

Property information packets detailing each property are available at higgenbotham.com or by contacting Higgenbotham Auctioneers at (800) 257-4161

For further information, please contact Michael Nall at (800) 257-4161.

James Lee Owen, Jr., BR#341775, H63426, AU00374 10% Buyer's Premium
M.E. Higgenbotham, CAI, CES, AARE FL Lic.# AU305 AB158

Higgenbotham is a full service auction company specializing in the sale of real estate both nationally and internationally. Real estate isn't the only thing we put up for auction. A fair amount of auctions have been personal property, vehicles, collectibles, antiques and more. We're privileged to work with Fortune 500 clients such as Wal-Mart Reality, Alcoa, and Albertson's Supermarkets. 50 years in the auction business has made Higgenbotham Auctioneers a well-known, trusted name.