ONLINE ONLY AUCTION
MULTIPLE COMMERCIAL PROPERTIES (1 SELLING ABSOLUTE)
ONLINE ONLY Bidding Closes Tuesday, July 16th · 7 PM
LOT 1 6,500 SF± Commercial Building On 0.5 Acre± Lot Being Offered ABSOLUTE
415 Franklin Roosevelt Drive · Muscle Shoals, AL 35661
LOT 2 6,000 Sq. Ft. Commercial Building
197 Wilbur Road · Muscle Shoals, AL
LOT 3 10,000 Sq. Ft. Commercial Building
179 Wilbur Road · Muscle Shoals, AL
LOT 4 Commercial Building & Lot (approximately 18,000 Sq. Ft.±)
Little Bear Creek Road · Muscle Shoals, AL
Directions: From US 43 North & Highway 72 in Tuscumbia, AL, travel north on Highway 72 approximately 4 miles. Turn right onto Reservation Road and travel approximately 1 mile. Turn right onto Franklin D. Roosevelt Drive and travel to auction property on the right.
Watch for Fowler Auction signs!
AUCTION NOTES
· This is an ONLINE auction only.
· Real Estate: 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.
· Properties will be conveyed by deed description.
· No Broker Participation will be available for this auction.
THIS AUCTION FEATURES AN ALL- AUTO BID EXTEND: When a bid is placed in the final 3 minutes of bidding, the auction bidding will be automatically extended 3 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 6:02). The auto extend feature remains active until no further bids are received within a 3-minute time frame.
Auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AARE, AMM; ALSL466, TNSL1442, TNFIRM2315, GASL1394, MSSL701F
Daniel Culps, CAI; ALSL5070, TNSL5890
David Vess, ALSL5653, TNSL7584
(256) 420-4454 · www.fowlerauction.com
By bidding in this auction, Buyer agrees to ALL terms & conditions set forth and enters into a contractual agreement to purchase each item under the following Terms & Conditions.
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ONLINE BIDDING ONLY auction will begin to close on Tuesday, July 16th, 2024 at 7 PM.
Multiple Commercial Buildings located in Muscle Shoals, AL
Terms:
Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. The remaining balance shall be paid at closing, which must occur within thirty (30) days of auction date. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility. Each lot will be conveyed by deed description.
All lots are subject to owner confirmation.
MAXIMUM BID: When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another Bidder has to bid to increase the current price and the bidding platform will automatically bid up to your maximum in the increments specified.
SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Fowler Auction reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.
Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason. Auction company employees and/or auction company may bid on this auction. Fowler Auction reserves the right to bid on behalf of heirs, lien holders, sellers, absentee bidders, financial institutions, corporate entities, reserves or themselves. Your bid on this auction indicates both an understanding and an acceptance of the terms of this contractual agreement between yourself and both Fowler Auction & Real Estate Service, Inc. and the Seller AND that you, as the Bidder, are prepared to purchase items under these terms and conditions.
Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction or remove any item or lot from this auction.
Fowler Auction & Real Estate Service, Inc. has put forth every effort in preparing the catalog for this auction to provide accurate descriptions of all items. All lots are sold AS-IS, WHERE-IS, with all faults, imperfections and errors of description. Personal inspection is the SOLE responsibility of the Bidder/Buyer. Printed statements or descriptions by staff are provided in good faith and are matters of opinion.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.
It is our goal for every Bidder to enjoy bidding experiences with Fowler Auction. If you bid on a wrong item or place a max bid that is not really what you intend to justify, you take opportunities for others away. If you have a question regarding the condition of an item, what exactly is included in a lot, etc., call or inspect. Bid responsibly as you would want others to do.
When using this web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.
DEFAULT: If purchases are not settled by the specified pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.
Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding either in person or online, Buyer agrees to all terms and conditions set forth.
Buyer and/or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Disclaimers & Absence of Warranties: Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc. Fowler Auction has put forth every effort to give accurate descriptions of each item herein. Printed or verbal statements made by Fowler Auction personnel are matters of opinion and are only made in good faith. NOTE: All items will be sold 'As Is, Where Is' with no guarantees, expressed or implied, by Fowler Auction & Real Estate Service, Inc. It is very IMPORTANT that every Bidder read and understand the Terms & Conditions along with inspecting items on which he/she plans to bid on BEFORE bidding. In all transactions, the Auctioneers are acting as agents for the Seller only.
All decisions of the Auctioneers are final.