Auction Items For Sale
Multi-Purpose Building On Sprawling Campus
LOCATION : 4350 Moffett Road, Mobile, AL 36618
AUCTION ENDING DATE : Tuesday, April 20th, at 1PM
A deposit in the amount of $2500 is required in order to become a qualified bidder. Deposit can be made by Cashier check made payable to Pearce & Associates, Bank Wire or Credit Card. Non winning bidders will receive their deposits back within 3 business days of the auction. A bid center will be open at the property on sale day to assist bidders with registration and placing bids. You may submit your deposit at the bid center. All bidders may set up a bidders account at any time, however, you will not be able to place bids until your account is activated by the auction company once it receives your deposits. Pearce & Associates reserves the right to waive deposit requirement at their discretion.
DESCRIPTION OF PROPERTY : Building Size : Approximately 58,922 Sq. Ft. Of Buildings
Land Size : 8.74 Acres (+/-)
• Commercial kitchen with walk-in cooler/freezer•commercial laundry room•maintenance shop/garage
• administration offices
• residence hall licensed for 54
• swimming pool, basketball court
• very convenient to I-65, banks, grocery, restaurants, and schools
NOTE: The seller reserves to right to remove any and all personal property prior to closing. Stained glass windows in the Sanctuary and alter are not included in the sale of the real estate and are to be removed by the seller. The seller will replace the windows with a secure covering. Property sells as is.
TERMS: 10% buyers premium. Property sells as is. Property sells subject to seller approval. Winning bidder must submit 10% down on sale day and close within 45 days. Time is of the essence. Purchaser pays closing cost and title insurance. Seller guarantees free and clear title. A deposit in the amount of $2500 is required to become a qualified bidder. Auctioneer reserves the right to waive deposit requirement.
Auction Project Coordinator: Pete Horton, CAI - Pearce & Associates Gulf Coast operations manager/auctioneer/appraiser. 251-600-9595.
Cooperating Broker - Pratt Thomas, CCIM - Merrill P. Thomas, Co, INC. 3280 Dauphin Street, Suite C104, Mobile, Alabama 36606. 251-476-0808