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Land Near Downtown Tulsa Set For Aug. 20 Auction

TULSA, Okla., July 11, 2013 /PRNewswire/ -- Approximately 310 acres of land northwest of Tulsa's Central Business District will be offered at auction Tuesday, Aug. 20, with Schrader Real Estate and Auction Company marketing the property and managing the event.

Approximately half the land -- 160 acres -- is located at Osage Drive/43rd Street and N 25th W Avenue and will sell in eight tracts ranging in size from 10.8 to 47.9 acres. The rest -- 149.6 acres -- is approximately 3.5 miles to the south, bordered by 33rd W Avenue, West Edison Street and 41st W. Avenue. It will sell in 12 tracts, ranging from 3.2 to 37.1 acres.

"These properties have a great deal of frontage and are all located within a few minutes of Tulsa's Central Business District. Most is currently open pasture and woodland, but we expect considerable interest in much of it as development land. The tracts in the group to the north are less than a mile from Osage Casino, with frontage on the recently expanded 43 rd Street. The southern group of tracts is right across the street from Central High School," said Brent Wellings, who manages Schrader's Southwest operations.

The southern group of properties includes a 22-acre tract with a pond, adjacent a 37-acre tract with a creek running through it. "These properties have good potential for recreation, as well as numerous potential sites for homes. Bidders will be able to offer bids for combinations of tracts, and I wouldn't be surprised to see someone combine a good bit of this land," he said.

The auction will begin at 6:30 p.m. at Post Oak Lodge, 5323 W. 31st Street North, Tulsa. Individuals interested in additional information may visit www.schraderauction.com or call 800-451-2709.

Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of land throughout the United States. Individuals seeking additional information about the firm and its auctions may visit www.schraderauction.com or call 800-451-2709.

For more information: Carl Carter, 205-823-3273

SOURCE Schrader Real Estate and Auction Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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