Saturday, DECEMBER 12th, 11 A.M.
Great Real Estate Properties in Rainbow City & Hokes Bluff
Property One: An outstanding development tract consisting of 46.97 +/- Acres in Rainbow City off of South Ridge Road overlooking Neely Henry Lake and Southside.
Property Two: 3.5 +/- Acres in Hokes Bluff off of US Hwy 278 on Lovvorn Street with great frontage on Big Cove Creek.
Both properties will be offered from Property One location on South Ridge Road in
Neely Henry Lake /Coosa River
Neely Henry Lake /Coosa River
We are very proud to offer this great development property in Rainbow City, AL.
LOCATION! LOCATION! LOCATION!
This 46.97 +/- acre tract is at the end of Southridge Road.
It is ideal for development purposes and lies mostly in the Rainbow City city limits. A new extension is being completed on South Ridge Road that will lead to the easement into this great property with incredible views of Neely Henry Lake/Coosa River and the cities of Rainbow City to the North and Southside to the South. Power, water, and sewer are at the end of the cul-de-sac of the new extension and could be easily made available. We will offer the property in 2 tracts.
Click any picture below to begin the photo gallery.
Property Two information coming soon!
Things to know for this auction:
Auction Site for Both Properties: On location at the end of South Ridge Road in Rainbow City.
Directions to Property One (Auction Site): From Rainbow City, at the intersection of US HWY 411 and Lister Ferry Road (Rainbow City Public Library), take Lister Ferry Road 1 mile to South Ridge Road (Top of the Ridge) and turn right. Go to cul-de-sac at the end. Auction signs are posted.
Directions to Property Two: From Hokes Bluff, at the intersection of US HWY 278 and Appalachian Hwy, take US HWY 278 West towards Gadsden for 3/10 of a mile to Lovvorn Street and turn left. Property is on the left beside Cross Creek Community Church. Auction signs are posted.
Preview: You may preview either 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: Both properties are being offered subject to owner's confirmation.
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 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 due at closing. Closing will be held on or before January 12, 2021. This sale is not contingent on a potential buyer’s ability to obtain financing.
Survey Fee for Property One: We are selling from a sales plat. A new survey will be performed. The survey fee will be posted once available. The survey fee is due and payable on the day of auction.
Survey for Property Two: We are selling from a sales plat only. No new survey will be performed.
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.