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Palm City, FL | Land | Closed On RealINSIGHT Marketplace

  • May 02, 2019
  • Marketplace Closings

Prime 27.47± Acre Development Site Sold For $4,250,000

Prime 27.47 +/- Acre Development Site Sold on RealINSIGHT MarketplaceRealINSIGHT Marketplace is pleased to announce the sale of this Prime 27.47± Acre Development Site located in Palm City, Florida. After unsuccessful attempts of selling this property traditionally, the Seller decided to auction this parcel using RealINSIGHT Marketplace, partnering with SLC Commercial as the local broker. Together, Marketplace and SLC Commercial produced four unique bidders, who competed for this asset during the live auction, and ultimately...

ACCOMPLISHED WHAT THE TRADITIONAL SALES PROCESS COULD NOT:
Highly favorable deal terms and a price at which the seller was enthusiastic to execute–$4,250,000, more than 150% of the Seller’s reserve price.

“We could not be any happier with choosing to sell our asset via Marketplace; our asset was exposed nationally, the bidding process was seamless and the competitive environment generated pricing that exceeded expectations.”
– Deborah A. Nemec | President | Nemec Properties Inc

FINAL SALE PRICE: $4,250,000

Learn more about this auction property by visiting the asset page: Prime 27.47 +/- Acre Development Site