Commercial Building & 4 Development Lots: (13 Acres± -Lauderdale County)

Fowler Auction is pleased to offer real estate movers and shakers 13 acres± of prime property strategically situated on Highway 72. This property is a prudent opportunity to grow commercial businesses in Killen, Alabama. Please personally visit the property and visualize what it has to offer!

Bid On Killen Commercial Building & Development Lo

When

Closes Thursday, May 12 At 7 PM

Where

Highway 72 ·

Killen, AL

How

Online Only

Preview

For more information or to schedule a private viewing, please call Daniel Culps at (256) 603-1249 or (256) 420-4454.

Bid On Killen Commercial Building & Development Lo

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Conducted By Fowler Auction & Real Estate Service, Inc.

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ONLINE ONLY AUCTION

COMMERCIAL BUILDING & 4 DEVELOPMENT LOTS

5360 Highway 72, East · Killen, Alabama (Lauderdale County)

ONLINE ONLY Bidding Closes Thursday, May 12th · 7 PM

PRIME COMMERCIAL OPPORTUNITIES

· Tract 1 (5360 Highway 72, East) consists of 2.71 acres± and has 493'± of road frontage on Highway 72 and 198.79'± on Belleview Road. This tract boasts a commercial building that offers numerous opportunities with a little TLC. Bonuses include a large parking lot and a chain link fence.

· Tract 2 is a vacant lot consisting of 1.53 acres± with 223.57'± of road frontage on Highway 72.

· Tract 3 is a vacant lot consisting of 1.52 acres± with 222'± of road frontage on Highway 72.

· Tract 4 is an open vacant lot consisting of 4.37 acres± with 350.75'± of level road frontage on Belleview Road.

· Tract 5 is an open vacant lot consisting of 3.16 acres± with 300.99'± of level road frontage on Belleview Road.

*Utilities are readily available to all tracts.

Directions: From Highway 72 & Highway 43 in Killen, Alabama, travel east on Highway 72 approximately 4.5 miles to auction property on the right.

From Highway 72 & AL-101 in Rogersville, Alabama, travel west on Highway 72 to auction property on the left.

Watch for Fowler Auction signs!!

To schedule a private viewing or inquire further, please call Daniel Culps at (256) 603-1249.

The Bidding Catalog is currently open for single lot, combinations or as a whole. Here is a mini tutorial on how to bid:

For this auction, we are using a bidding platform that allows a bidder to bid on multiple lots. One or more lots is referred to as a "combination" and all the lots is referred to as a "whole".

Round 1 bidding allows bidding on individual lots at a time. You may bid on multiple lots right now but only at the lot level and this will not create a combination bid. More to come on combinations below.

To Bid: Hover your curser over the tract you want to bid on and click on it. The box on the right side of the picture will display bidding information. You should see the lot number you selected in the upper left corner of the box. (If you do not, go back to the map and select your lot.) When you see your tract number, click on "Get Price". Now you will see what your bid price must be and what the lot will cost per acre. In the blank rectangular box, you may either type in the asking bid or you may type in the ultimate price you wish to pay for that lot ("max bid"). By putting in a max bid, the bidding platform will NOT automatically take your bid to your max but will follow the increments set up in the bidding platform.

On Monday, May 9th at 12 Noon, we will move into Round 2, *the combination round, which allows bidders to bid on multiple lots (including as a "whole") by selecting each lot (or all lots) you wish to bid. Again, you will click on "Get Price" to see the asking bid and the cost.

Bidding will begin to close at 7 PM on Thursday, May 12th.

THIS AUCTION FEATURES AN ALL- AUTO BID EXTEND: When a bid is placed in the final 5 minutes of bidding, the auction bidding will be automatically extended 5 minutes from the time the bid was placed (i.e., if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:04). The auto extend feature remains active until no further bids are received within a 5-minute time frame.

AUCTION NOTES

· This is an ONLINE auction only.

· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price.

· A 20% deposit (escrow money) of the total purchase price will be retained within 24 hours of auction with balance due on or before 30 days.

· Property will be conveyed by survey description.

· No Broker Participation will be available for this auction.

NOTE: It is very IMPORTANT that every Bidder read and understand the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).

We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.

This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890

8719 Highway 53 · Toney, AL 35773

(256) 420-4454 · www.fowlerauction.com

ONLINE Bidding Only Auction. Closes Thursday, May 12th, 2022 at 7 PM.

Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. The remaining balance shall be paid at closing, which will occur within thirty days (30) of auction date. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.

A Fowler Auction representative will contact the winning bidder(s) Friday morning to arrange a meeting time/place to sign the contract and secure the non-refundable 20% deposit.

NOTE: The real property will be conveyed by survey descriptions.

If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.

SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.

Disclaimers & Absence of Warranties:
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.
* In all transactions, the Auctioneers are acting as agents for the Seller only.
* Property will be sold 'AS IS, WHERE IS' with no guarantees,expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.

Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.

Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.

Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.

When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.

DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.

Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.

Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

Conducted By
Fowler Auction & Real Estate Service, Inc.
(256) 420-4454 · www.fowlerauction.com

Highway 72, Killen Survey