30 +/- acres in the city limits of Centre, Alabama being offered in 12 tracts ranging from 0.50 +/- acres to 10 +/- acres.
The property is ideally located to medical offices including Atrium Health Floyd Cherokee Medical Center that is less than two minutes away. It is less than 3/4 of a mile to Cherokee County High School and 1.2 miles to Gadsden State Community College Cherokee Campus. Public boat launch on beautiful WEISS LAKE is 3.5 miles away. Downtown Centre is only 5 minutes away.
This property is cleared and ready for development of residential properties. All public utilities are available including sewer.
After the 30 +/- acres we will offer a great 100' x 300' Commercial Lot with frontage on Plaza Drive and King Street in Centre, Alabama. This lot has all utilities available and is nears Jack's Restaurant. The lot is vacant and flat and ready to build on.
Auction Site: On location at the corner of Northwood Drive and Powell Drive in Centre, Alabama.
Directions for the 30+/- Acres: From Centre at the intersection of Cedar Bluff Road and Northwood Drive (red light) take Northwood Drive for 1 mile to the 4-way stop. Property is located on both Northwood Drive (straight ahead for tracts 1-5 on the left) and Powell Drive (turn left for tracts 7-13 on the right).
Directions for Commercial Lot: From the Bypass in Centre, turn at Jacks onto Plaza Drive, property will be 1/10 of a mile on the left.
Preview: Preview property at any time.
Registration: Registration will be at 9 AM on sale day. All interested persons must register to bid prior to bidding.
Auction Order: First, we will offer choice of Tracts 2, 3, 4, 5, 8, 9, 10, & 11 by the dollar. Second, we will offer Tracts 1, 7, 12, & 13 by the acre (Bid price multiplied by the number of acres in selected tract). Third, we will offer the property back as a whole Tracts 1-5, 7-13 by the dollar. To bid as a whole, a 5% increase will be added to the initial bid. Fourth, we will offer the Commercial Tract by the dollar.
Terms: There is a 10% Buyer’s Premium on the real estate that will be added to the Purchaser’s bid to arrive at the final bid price. The ten percent (10%) Buyer's Premium is due on the day of auction for the Real Estate and will serve as the deposit. The deposit will be held in escrow until closing. Balance is due at closing. The closing will be held on or before October 14, 2024. This sale is not contingent on a potential buyer’s ability to obtain financing.
There is a 13% Buyer’s Premium on all online bids that will be added to Purchaser’s bid to arrive at the final bid price. 13% is the total, not in addition to the 10%.
All properties are being sold "AS IS" without any warranties, guarantees, or promises.
Owner Financing Terms: Owner Financing is available with 20 % down due in 30 days at closing. Balance to be financed at 9 % interest for 7 years.
Survey: A new survey will be performed on this property. There is a $500 survey fee per tract that will be due and payable on day of auction by the purchaser.
ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY ORAL, PRINTED, or PUBLISHED INFORMATION.
