Commercial Land in Franklin County, Alabama


Posted By:	Edward Durnil, Tranzon, Elizabethtown, Kentucky, United States (270) 769 - 0284 www.tranzon.com/assetadvisors/default.aspx
Click to contact: Edward Durnil, Tranzon, Elizabethtown, Kentucky, United States
This land is listed as for auction!

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The details of the land is listed below.
Auction Date:	04/24/2024
Address:	508 4th Street W
City:	Red Bay
County:	Franklin
State & Zip:	Alabama, 35582
Property Type:	Commercial Building
Bedrooms:	0
Bathrooms:	0
Year Built:	1970
Building Area:	2838 sqft
Land Use:	Commercial
Land Area:	0.25 Acres
Price:	Price not disclosed for auction listing
Terms:	Cash
Contract Status:	For Sale
Description:	Bankruptcy Auction – Two Potential Income Producing Commercial Buildings on One Property 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. All properties are being sold subject to Bankruptcy Court Approval. 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 • 508 4th St W, Red Bay, AL 35582 o Currently an active Subway Restaurant. Subway restaurant and equipment/product is not conveying in real estate only sale. o 1288 SF o Built in 1970 o # Stories: 1 o 2 restrooms (1 per gender) o Foundation Type: Slab o Exterior Walls: Masonry/Brick o Roof Type: Flat Built Up o Interior Finish: Drywall o Interior Ceilings: Suspended o HVAC System: Central o Parking Area Type: Asphalt, 17± parking spaces, 1 handicapped o Storage shed. • 310 4th Ave SW, Red Bay, AL 35582 o 1550 SF o Built in 1970 o # Stories: 1 o Overall Condition: Vacant o Foundation Type: Concrete o Exterior Walls: Corrugated Metal o Roof Type: Metal Stand Seam BJ & Rigid INS o Interior Finish: Paneling o Interior Ceilings: Acoustic Tile o HVAC System: Central o Parking Area Type: Asphalt • 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 • Located 7± mi from Belmont, MS, 30± mi from Hamilton, AL & 40± mi from Muscle Shoals Tranzon Driggers, Soldnow, LLC Jon K. Barber, Lic. Real Estate Broker, AL Lic. #98884-0 & 98882-0 and Auctioneer #5433 \| 10[%] Buyer''s Premium and other terms apply Kelly Toney, Tranzon Asset Advisors, Court Appointed Auctioneer for the U.S. Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 23-90147 Online bidding ends April 24th at 1:00 pm ET Inspection: April 16th at 4:00pm CT Property Address: 508 4th St. W & 310 4th Ave. SW, Red Bay, Alabama 35582 Contact Stephen Griffin at 404-819-4230 or sgriffin@tranzon.com
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NOTES: THIS OFFERING IS SUBJECT TO ERRORS, OMISSIONS, PRIOR SALE OR WITHDRAWAL WITHOUT NOTICE.

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