Auction Items For Sale
PUBLIC AUCTION - By order of the Heirs of the Glasgow Estate
37 Acres, more or less located at the Interstate I-20 exit #199 (Heflin, Cleburne County, Alabama) and County Road 9. Located adjacent to and across from many commercial businesses including America's Best Value Inn - Shell Gas Station - Buster Miles Chevrolet - Buster Miles Ford - Southern Immediate Care and more. This estate property offers an incredible development opportunity for both residential and commercial uses.
Property offered in (3) Parcels with extend one, extend all by the Glasgow Estate.
If you are interested in more than one parcel, you can bid with confidence that none of the tracts will end without giving you the opportunity to bid on them. If any single tract receives a bid in the last 5 minutes, ALL of the parcels will extend allowing you the opportunity to continue bidding. You are bidding on each tract individually! Seller reserves the right to accept or reject bids on one or more tracts.
Parcel #1 - 32 Acres, more or less. This parcel has road frontage on County Road 9 at (2) points as well as a 50' right of way road that fronts I-20 and runs in front of America's Best Value Inn. Parcel ID#18-15-05-21-0-001-002.002 * 2019 County Tax Appraisal $1,586,000.
Parcel #2 - 4 Acres, more or less. This parcel fronts County Road 9 and Stephens Street. A prime commercial investment property. Parcel ID#18-15-05-16-4-000-020.000 * 2019 County Tax Appraisal $181,900
Parcel #3 - 1 Acre, more or less. This parcel fronts County Road 9, directly across from McDonalds and includes a 2500 Sq home (old Glasgow Home). This tract also presents itself as a great commercial site. Parcel ID#18-15-05-21-0-001-002.000 * 2019 County Tax Appraisal $120,620. NOTE: This home is currently tenant occupied and is not available for inspection.
Bidding on this land will be open in late March. You can bid online or if you would like help setting up an account or would like to bid in person, there will be a Bid Center on April 27th starting at 10 A.M. held at the Pearce & Associates corporate office at 720 Fulton Springs Rd., Alabaster, AL 35007.
Terms: 10% buyers premium. To become a qualified bidder, you must submit a deposit in the amount of $2500 payable by credit card, certified funds or bank wire transfer. We can put a hold on your credit card for the deposit. Winning bidders must pay 10% down in earnest money and close within 30 days. Buyer will be required to execute a non contingent sales contract within 24 hours. Time is of the essence. In the event that a buyer does not complete his or her contract in the time required, the property will be offered to the backup bidder. Any loss incurred will be paid by the original buyer by default. Purchaser pays closing cost and title insurance. Seller guarantees free and clear title to the property. The property has not been recently surveyed. We will sell the property by parcel ID#, according to the information recorded in the Cleburne County Alabama GIS website.