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LINCOLNTON, NC-Piedmont Cos. is unloading all of its residential development business of less than $2 million to concentrate on its commercial and larger residential development core, according to the locally based company.

Iron Horse Auction Co. of Rockingham will be conducting the early June sale of 324 developed residential lots and 270 acres of undeveloped residential land representing a total 28 projects. The dirt is located in Iredell, Catawba, Lincoln, Rowan, McDowell, Gaston and Cleveland counties.

"This sale represents the largest public auction of developed residential lots in the history of this area," Iron Horse Auction chief operating officer Tom Mcinnis says in a prepared statement. "It is a grand opportunity to buy fully developed residential lots at auction prices."