5060 Academy Lane, Bessemer, AL 35022 - Jefferson County

Auction (Live & Online)

Selling to the highest bidder at or above $600,000

Free-standing Restaurant Building with 4,860 SF Near Amazon Fulfillment Center

5060 Academy Lane, Bessemer, AL 35022

Close to Amazon fulfillment Center*

Selling to the highest bidder at or above $600,000.

4,860 SF

Lighted Sign

Interstate Billboard

Drive-Thru Window

Seating for 138

Parking for 46

Excellent visibility on I-20/59

Located at exit #108

Lot size 1.1 +- acre

High traffic count

Numerous new automobile dealers, hotels, and national food chains surround the property. Walmart, Lawson Sate Community College, Frank House Municipal Golf Course, and AL Splash Adventure all in the immediate area.

Best location in area

Ideal owner/user or investment

Includes full FF&E (ready to open)

230 on I-20/59

ALDOT traffic count 43,570

*Amazon Fulfillment Center will be an approximately 855,000 SF facility which represents a $325 million investment and expects to employ 1,500 initially and could grow to 3,000. It will be located on Powder Plant Road and be less than 1 mile from this property.

Broker participation is welcome. 10% Buyers Premium.

Dewey Jacobs, ALAU #5060

AUCTION INFORMATION:

Sale Date and Location: Online bidding begins Thursday, September, 6h at 12:00 pm (CT) and runs through Thursday, September 27th at 10:00 am (CT). Online bidding and live bidding will be simultaneous beginning at this time. Live bidder registration begins at 9:00 am (CT) from the property (5060 Academy Lane, Bessemer, AL 35022).

Terms of Sale: 10% down due on auction day with the balance due at closing within 30 days.

LIVE/ONSITE REGISTRATION FEE: A certified or cashiers check for $10,000.00 will be required to bid and will need to be made payable to Target Auction Company Escrow Account.

REMOTE/ONLINE REGISTRATION FEE: A wire transfer to Target Auction Company Escrow Account in the amount of $10,000.00 will be required to bid remote/online and is due 24 hours prior to auction day.

Buyers Premium: A 10% Buyers Premium will be added to the final bid to determine the total contract price paid by the Purchaser.

Property Tours: An auction representative will be available for property tours on Wednesday, Sept. 12th, 19th, and 26th from 11:00 am 3:00 pm (CT).

Buyer Broker Compensation: Brokers are welcome. Please see the Broker Compensation Form under the Documents tab of this propertys auction page.

DISCLAIMER: Target Auction and Land Company, Inc. assumes no liability for errors or omissions in this listing. Although information has been obtained from sources deemed reliable, the auctioneer makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that the buyers and buyers agents should avail themselves of the opportunity to make a thorough inspection and verify all specifications prior to sale. All properties offered for sale in AS IS condition. This includes both personal property (if applicable) and real property. All sales are final. This listing may be modified or withdrawn at the sellers discretion without notice at any time prior to or during the sale; property may be sold prior to Auction. All properties are being sold subject to confirmation unless otherwise indicated. Seller may reserve the right to deny admittance or to remove anyone at this auction that may disrupt this sale in any way. All statements made at the auction shall take precedence over all printed materials. The auctioneer shall not be responsible or liable in any way if the seller fails to honor any bid or refuses to close or cannot close title in accordance with the winning bid(s) or any sales contract; or if the property is contaminated with any type of hazardous waste or requires any repairs. It is the purchasers responsibility to inspect all properties prior to bidding to verify all of his/her specifications. Agency Disclosure: Target Auction & Land Company, Inc. and its agents represent the seller only. Target Auction & Land Company, Inc. is the selling agent only.