Some of the land that Franklin County owns near the TRAC facility in Pasco could be going once, going twice — sold.
The county is using Musser Bros. of Pasco to auction off three parcels, each about seven-tenths of an acre, between Burden Boulevard and Rodeo Drive, west of Convention Place.
The county assessor’s office values the tracts at $285,000 to $300,000 each.
Commissioner Rick Miller hopes the property will bring in more than that.
“The feeling is this thing is going to sell,” he said. “That is a good location with two hotels located next to it.”
A Hampton Inn is under construction directly next to the land up for sale, while a My Place extended stay hotel opened up across Rodeo Drive late last year.
“You’d think a Denny’s would be just excellent there, along with a few other things,” Miller said.
The auction is at 1 p.m. Aug. 6 at TRAC, 6600 Burden Blvd. Scott Musser of Musser Bros. said doors open at 11 a.m., and people can register or ask questions then.
“It’s a great opportunity to get some awful nice land, right in the epicenter of the Road 68 corridor,” Musser said.
Hiring an outside firm to handle the sale was a tough call, but it is likely to draw more interest than putting up a “For sale by owner” sign, said commission Chairman Brad Peck.
“My experience is you tend to do better when you obtain that professional marketing experience,” he said.
About half of Musser Bros.’ auctions involve land, but only a small portion of those are sales of public land, Musser said.
“They’d be the exception rather than the rule,” he said.
The company’s “Power Parcels” auction method will be in effect. That allows buyers to purchase one, two or all three lots together.
No minimum bids are set. But Musser said commissioners will have 48 hours to accept or reject the offers.
The decision is not expected to take that long, since commissioners have a special board meeting scheduled at the auction, where they can discuss and choose whether to accept the high bids.
The county has included clauses in its past sales contracts for property in the TRAC area that require it to be developed within five years or risk going back to the county.
But Peck said no revisionary clause will be put on the sales at the upcoming auction because commissioners decided the lots are small enough that it shouldn’t be difficult to develop them.
Franklin County still owns 4.1 acres directly south of the land to be auctioned, near the intersection of Rodeo Drive and Convention Place.