Bankruptcy Auction - Two Potential Income Producing Commercial B
ONLINE AUCTION ENDS APRIL 24 AT 1 PM ET. Price, if posted, is a suggested opening bid. PRICE DETERMINED AT AUCTION. Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas Two potential income producing buildings on one property. One building is currently occupied by a Subway Franchisee and the other building is vacant and ready to rent. Property is located at the corner intersection of 4th Ave S and 4th St W with an approx. traffic count of up to 6,000 vehicles per day. 4th Ave is also known as Hwy 19 which runs through the middle of town and connects to Hwy 24. DON'T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!! • Land Area Gross: .25 AC's or 10,080 SF +/- of land • Flood Zone Determination: OUT • Zoning: Unknown • Topography: Generally, Level and at Street Grade • Utilities: All utilities appear to be available • 140' +/- Road Frontage on 4th St W • 101' +/- Road Frontage on 4th Ave S 508 4th St W, Red Bay, AL 35582 Currently an active Subway Restaurant. Subway restaurant and equipment/product is not conveying in real estate only sale. • 1288 SF • Built in 1970 • # Stories: 1 • 2 restrooms (1 per gender) • Foundation Type: Slab • Exterior Walls: Masonry/Brick • Roof Type: Flat Built Up • Interior Finish: Drywall • Interior Ceilings: Suspended • HVAC System: Central • Parking Area Type: Asphalt, 17± parking spaces, 1 handicapped • Storage shed 310 4th Ave SW, Red Bay, AL 35582 • 1550 SF • Built in 1970 • # Stories: 1 • Overall Condition: Vacant • Foundation Type: Concrete • Exterior Walls: Corrugated Metal • Roof Type: Metal Stand Seam BJ & Rigid INS • Interior Finish: Paneling • Interior Ceilings: Acoustic Tile • HVAC System: Central • Parking Area Type: Asphalt All properties are being sold subject to Bankruptcy Court Approval. Bid online Apr 18 - 24. Price, if posted, is a suggested opening bid. Price determined at auction | 10% Buyer's Premium
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