Thursday, DECEMBER 12th, 2 P.M. (CDT)
Commercial Real Estate Auction in Rainsville, AL
An outstanding commercial tract consisting of 4.6 +/- acres sitting on Main Street (AL HWY 35).
Tract 1 is on the West side of the property and has 0.41 +/- Acres
with 125 +/- ft on US Hwy 278
Tract 2 is in the middle of the property and also has 0.41 +/- Acres
with 125 +/- ft on US Hwy 278
Tract 3 is on the East side of the property on the corner of US Hwy 278 and Appalachian Hwy and has 0.52 +/- Acres with 165 +/- ft on US Hwy 278 and 112 +/- ft on Appalachian Hwy
Real Estate will be offered in 3 Tracts and as a Whole!
US Hwy 278 West to East
Corner of US Hwy 278 and Appalachian Hwy
E to W from Appalachian Hwy
Appalachian Hwy North to South
We are very proud to offer this great commercial property in Rainsville, AL.
LOCATION! LOCATION! LOCATION!
This commercial tract sits on AL HWY 35/Main Street in a very desirable area with a great daily traffic count of 17,399 (2018, ALDOT, Alabama Traffic Data).
It is ideal for any type of commercial business and has all utilities available. We will offer the property in 4 individual tracts and then back as a whole.
Rainsville, known as the crossroads of Sand Mountain, is a growing city with a winning location. The uncrowded, yet growing city is ideally located near larger Southern cities with easy access to major transportation routes. Alabama State Routes 35 and 75 intersect in the center of town. AL 35 leads northwest 19 miles (31 km) to Scottsboro and southeast 9 miles (14 km) to Fort Payne, the DeKalb County seat. AL 75 leads northeast 10 miles (16 km) to Henagar and southwest 26 miles (42 km) to Albertville.
Outdoor recreation opportunities such as fishing, boating, hunting, hiking, mountain biking, bird watching and outdoor photography abound in this region filled with rivers, lakes, mountains, caverns and canyons.
Click any picture below to begin photo gallery.
Things to know for this auction:
Auction Site: On location across from the Rainsville Library and next to Little James' BBQ and Catering.
Directions to Auction Site: From Rainsville, at the intersection of AL Hwy 35 and AL Hwy 75, take AL Hwy 35 toward Fort Payne 5.7 miles to property on the right. Auction signs are posted.
From Fort Payne Exit 218, take AL Hwy 35 toward Rainsville 5.7 miles to property on the left. Auction signs are posted.
Preview: You may preview the property at any time.
Registration: Registration begins 1 hour prior to auction start time. All interested persons must register to bid prior to bidding.
Terms: The real estate is being offered subject to owner's confirmation.
There is a 10 % Buyer’s Premium on the Real Estate that will be added to Purchaser’s bid to arrive at the final bid price. The ten percent (10 %) Buyer's Premium is due on day of auction for the Real Estate and will serve as the deposit. The deposit will be held in escrow until closing. Balance due at closing. Closing will be held on or before January 12, 2020. This sale is not contingent on a potential buyer’s ability to obtain financing.
Survey Fee: We are selling from a sales plat. A new survey fee will be performed. If the property is sold in individual tracts the survey fee is $300.00 per tract. If the property sells as a whole the survey fee will be $600.00. Survey fees are due on day of auction.
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.