Many global brands were started during a recession including Federal Express, Microsoft and CNN and a prime tract of land in the heart of the Las Vegas Strip could provide the foundation for a successful enterprise in the future.

Upland-based Power House Team, Inc., a real estate auction firm, just released a five-acre tract of land on the auction site, www.USAuctionAdvantage.com, for a starting bid of $2.5 million dollars - well below market price.

The property, located at 10700 Giles Street on the Las Vegas Strip and near Las Vegas hotel landmarks, appraised for nearly $10 million dollars in August 2009. Listing broker/Power House Team affiliate, Sherry Crowe, pointed out that the starting bid price, which is an astounding 70% lower than the appraised value, and prime location would make the property an excellent investment. The lot is also H-1 approved which indicates it is a Limited Resort and Apartment District undeveloped land lot.

Ms. Crowe, a 21-year real estate professional, feels auctions are a great way to sell both residential and commercial properties. In fact, according to the National Association of Realtors, one out of three properties will be sold via auctions by 2010. Furthermore, Power House Team, Inc. has sold over $56 million dollars of real estate within the last six months.

Though selling real estate through the auction bid process has been around for decades, online auctions are catching on. In addition to convenience, buyers and sellers have access to markets all over the world, regardless of their location.

For additional information about this property, please USAuctionAdvantage


Contact
Sherry Crowe
Power House Team, Inc.
520 North 2nd Ave. Upland, CA. 91786
909-239-7033
sherrycrowe61@yahoo.com
www.USAuctionAdvantage.com