On February 16th, an opportunity will present itself to bid in a Bankruptcy Auction for approximately 3.5 up to 15 acres of land, with from 200 to 800 feet of frontage directly on the Gulf of Mexico. This property is adjacent to the Palisade Palms Condominiums in the most exclusive beachfront area of Galveston. (U.S. Bankruptcy Case #10-80395-H3-11)
Of Galveston's 34 miles of beachfront, this property garners the majority of the only land available for direct, on-the-beach commercial or multi-story development. However, for those seeking their own private resort, there will never be another opportunity like this one. Further, the property is located in the area of beachfront that is experiencing beach growth due to accreting sand deposits (opposite of beach erosion).
Being presented in an auction format, this event offers a chance to build either your own private resort or consider a more extensive scope. Regardless, this auction will provide beach lovers a onetime chance to acquire their own piece of paradise.
Visit www.auctiongalveston.com and register to obtain a complete property information packet, including property information, bidding procedures and broker registration information.
W. Scott Swenson TX Auc#7809 TX Broker #0425652 7% Buyers Premium