1. GovDeals launches online auction for surplus property in Ohio. 2. Auction includes a 5-acre industrial property with significant potential. 3. LQDT powers GovDeals, enhancing its position in e-commerce marketplaces. 4. Auction opens on December 7th with a starting bid of $120,000. 5. GovDeals has facilitated over $15 billion in sales to date.
FAQ
Why Bullish?
Liquidity Services, through GovDeals, expands its market reach which could drive revenue.
How important is it?
The article highlights GovDeals, an LQDT subsidiary, indicating direct implications for company performance.
Why Short Term?
Immediate auction activity can lead to quick revenue boosts for LQDT.
Scioto County Career Technical Center Launches First-Ever Online Real Estate Auction
LUCASVILLE, Ohio, Dec. 09, 2025 (GLOBE NEWSWIRE) -- The Scioto County Career Technical Center’s Real Estate Division has announced its inaugural online surplus property auction in collaboration with GovDeals, a premier online marketplace for government entities to sell real estate and surplus assets. This significant event allows interested bidders to participate in the auction with a refundable deposit.
Key Auction Details
Bidders are required to submit a refundable bid deposit of $2,000 directly to GovDeals to secure their eligibility for bidding. The auction will enter its bidding phase on December 7th, starting with a minimum bid of $120,000, and it will conclude on January 7th.
The property up for auction spans an irregularly shaped 5 acres and boasts significant industrial potential. Among its features is a 100’ x 200’ metal shop building constructed in 1997, situated on a robust slab foundation. The shop is currently occupied and includes:
- An office
- A showroom
- Extensive manufacturing space
- A large parking area
- A loading dock
- Multiple overhead doors for easy access
This prime property is strategically located for visibility from Fairground Road, which experiences moderate traffic, enhancing its appeal for potential business operations.
How to Participate in the Auction
To engage in the bidding process for this Lucasville commercial property or any available assets on GovDeals, interested bidders must create an account and complete a complimentary registration form. Detailed property information can be accessed directly on the GovDeals auction page.
About GovDeals and Liquidity Services
GovDeals stands as the foremost marketplace dedicated to surplus government and educational assets. The platform offers a range of items, from heavy equipment and transportation assets to industrial machinery and real estate. Specializing in surplus disposition technology, GovDeals partners with government agencies to sell assets "as is, where is," ensuring a transparent transaction process.
Sellers can swiftly launch and manage listings with reduced fees and increased control compared to traditional auction methods. Buyers benefit from direct access to a plethora of surplus assets through Liquidity Services’ network of marketplaces, which has accomplished over $15 billion in sales to date. Notably, GovDeals is powered by Liquidity Services (NASDAQ: LQDT), a leading global provider of e-commerce marketplaces and innovative software solutions that support the circular economy.