Bankruptcy Auction – Two Potential Income Producing Commercial Buildings

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.

•    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