Florida & Gulf Coast + Gulf Coast + Distressed Assets | July 28, 2022

The New Orleans Redevelopment Authority will be conducting an online auction of 25 commercial lots and structures in New Orleans, LA starting on August 22, 2022.

Slew of Commercial Properties in New Orleans Go Up for Grabs on August 22

The New Orleans Redevelopment Authority will be conducting an online-only auction sale of 25 commercial lots and 90 residential lots and structures located throughout New Orleans, LA starting on Monday, August 22, 2022, and concluding the following day.

Learn more and register

Properties are subject to a minimum bid price of $4,000-$5,000 per property.

The auctioneer is Hilco Real Estate, LLC, in conjunction with licensed Louisiana broker and auctioneer Paul A. Lynn, CCIM.

The properties are being sold on an “as-is, where-is” basis. Winning bidders are required to complete rehabilitation or construction on the properties within 545 days from the date of closing for the commercial sites and keep such properties code compliant immediately after closing through completion of the rehabilitation or construction.

There are four structures that will be open before the auction for inspection on Thursday, August 11, 2022.

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Hilco Real Estate - NORA Auction

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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