ONLINE ONLY AUCTION
COMMERCIAL BUILDING & 4 DEVELOPMENT LOTS
5360 Highway 72, East · Killen, Alabama (Lauderdale County)
ONLINE ONLY Bidding Closes Thursday, May 12th · 7 PM
PRIME COMMERCIAL OPPORTUNITIES
Fowler Auction is pleased to offer real estate movers and shakers 13 acres± of prime property strategically situated on Highway 72. This property is a prudent opportunity to grow commercial businesses in Killen, Alabama. Please personally visit the property and visualize what it has to offer!
· Tract 1 (5360 Highway 72, East) consists of 2.71 acres± and has 493'± of road frontage on Highway 72 and 198.79'± on Belleview Road. This tract boasts a commercial building that offers numerous opportunities with a little TLC. Bonuses include a large parking lot and a chain link fence.
· Tract 2 is a vacant lot consisting of 1.53 acres± with 223.57'± of road frontage on Highway 72.
· Tract 3 is a vacant lot consisting of 1.52 acres± with 222'± of road frontage on Highway 72.
· Tract 4 is an open vacant lot consisting of 4.37 acres± with 350.75'± of level road frontage on Belleview Road.
· Tract 5 is an open vacant lot consisting of 3.16 acres± with 300.99'± of level road frontage on Belleview Road.
*Utilities are readily available to all tracts.
Directions: From Highway 72 & Highway 43 in Killen, Alabama, travel east on Highway 72 approximately 4.5 miles to auction property on the right.
From Highway 72 & AL-101 in Rogersville, Alabama, travel west on Highway 72 to auction property on the left.
Watch for Fowler Auction signs!!
To schedule a private viewing or inquire further, please call Daniel Culps at (256) 603-1249.
The Bidding Catalog is currently open for single lot, combinations or as a whole. Here is a mini tutorial on how to bid:
For this auction, we are using a bidding platform that allows a bidder to bid on multiple lots. One or more lots is referred to as a "combination" and all the lots is referred to as a "whole".
Round 1 bidding allows bidding on individual lots at a time. You may bid on multiple lots right now but only at the lot level and this will not create a combination bid. More to come on combinations below.
To Bid: Hover your curser over the tract you want to bid on and click on it. The box on the right side of the picture will display bidding information. You should see the lot number you selected in the upper left corner of the box. (If you do not, go back to the map and select your lot.) When you see your tract number, click on "Get Price". Now you will see what your bid price must be and what the lot will cost per acre. In the blank rectangular box, you may either type in the asking bid or you may type in the ultimate price you wish to pay for that lot ("max bid"). By putting in a max bid, the bidding platform will NOT automatically take your bid to your max but will follow the increments set up in the bidding platform.
On Monday, May 9th at 12 Noon, we will move into Round 2, *the combination round, which allows bidders to bid on multiple lots (including as a "whole") by selecting each lot (or all lots) you wish to bid. Again, you will click on "Get Price" to see the asking bid and the cost.
Bidding will begin to close at 7 PM on Thursday, May 12th.
THIS AUCTION FEATURES AN ALL- AUTO BID EXTEND: When a bid is placed in the final 5 minutes of bidding, the auction bidding will be automatically extended 5 minutes from the time the bid was placed (i.e., if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:04). The auto extend feature remains active until no further bids are received within a 5-minute time frame.
AUCTION NOTES
· This is an ONLINE auction only.
· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price.
· A 20% deposit (escrow money) of the total purchase price will be retained within 24 hours of auction with balance due on or before 30 days.
· Property will be conveyed by survey description.
· No Broker Participation will be available for this auction.
NOTE: It is very IMPORTANT that every Bidder read and understand the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890
8719 Highway 53 · Toney, AL 35773
(256) 420-4454 · www.fowlerauction.com