ONLINE AUCTION

This highly visible, well-located commercial building has been a consistent income producer for many years.  Family Dollar has occupied the upstairs portion since 1982 and signed a new lease last year with multi-year renewal options that can take the lease in its current form through 2036. There is potential for even more income since the building has a basement underneath it that can be repurposed.  The lot is 0.63± acres with ample paved parking and good visibility directly on State Hwy. 168.

AUCTIONEER’S NOTE:  This property is being sold for liquidation/division from a trust.  This means you will have a very unique opportunity to add a proven cash-flowing asset to your portfolio at auction where you decide the sale price.  Please review the due diligence packet and call us with any questions, then be ready to bid online!

View Auction Handbill  |  View Due Diligence Packet

Southern Elite Auctions represents the seller in all listings.

Available Disclosures & Documents:  

Company Licensing Info

Alabama Real Estate Brokerage Services Disclosure & Office Agency Policy

Blank Sales Contract

HUD Lead Based Paint Booklet

LEAD BASED PAINT DISCLOSURE STATEMENT (ONLY IF APPLICABLE):  Properties built prior to 1978 may contain lead based paint.  Inspection availability is being advertised more than 10 days in advance of the close of the auction.  By registering to bid, you agree you have either had enough time to inspect for lead paint and are satisfied with the results or waive your option to do so.  The seller has no knowledge or information regarding lead paint at the property.

 A 10% auction premium applies to all purchases.  All items sell in AS IS, WHERE IS condition with no warranty or guarantee.

Contents of this ad are believed to be correct but not guaranteed.  Bidders are to verify all information to their satisfaction. 

Plats, measurements, square footage, and room sizes are to be considered more or less.  Plats and sketches provided may not be to scale.

Sale terms are posted for review at the online bidding platform.

Real estate bidders are highly encouraged to visit the property & inspect the real estate before bidding.

Properties built prior to 1978 may contain lead paint.  Please contact us at least 10 days prior to the auction to inspect.

Real Estate – 20% down sale at the end of the auction with the balance on or before 30 days with deed delivery of warranty deed. 

Personal Property – Full payment by end of the sale with cash or good check only.  Credit cards are NOT accepted.