WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Bankruptcy Auction – Two Development Lots Selling as One Parcel
Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Sothern District of Texas
Two lots to be sold together as one parcel totaling approx. 40,000 SF +|- in rural Vina, AL. The property will create a corner lot at the intersection of Cherry St and Pecan St. Property is located just off of Alabama Hwy 19. All properties are being sold subject to Bankruptcy Court Approval.
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
Description Property #1 – Cherry St, Vina, AL 35593
• Land Area Gross: .677 AC’s or 29,500 SF +|- of land
• Flood Zone Determination: OUT
• Topography: Generally, Level and at Street Grade
• Utilities: Utilities appear to be available
• 125’ +|- Road Frontage on Pecan St
• 200’ +|- Road Frontage on Cherry St
Description Property #2 – Pecan St, Vina, AL 35593
• Land Area Gross: 0.24 AC’s or 10,500 SF +|- of land
• Flood Zone Determination: OUT
• Topography: Generally, Level and at Street Grade
• Utilities: Utilities appear to be available
• 75’ +|- Road Frontage on Pecan St
Located 8± mi from Red Bay, AL, 15± mi from Belmont, MS & 40± mi from, Muscle Shoals, AL
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 23rd at 12:00 pm ET
Property Address: Cherry Street and Pecan Street, Vina, AL 35593
Contact Stephen Griffin at 404-819-4230 or sgriffin@tranzon.com
