Auction Information

1655 George Wallace Highway, Russellville AL

1655 George Wallace Highway, Russellville AL 35654
Contact Information
W. Todd Hess
Email: todd@coleauction.com
Phone: 256.541.2964
Auction Type

Simulcast Auction

Auction Schedule
Auction Dates

Start Date: Tue, Oct 8, 2024 12:00PM

End Date: Fri, Oct 25, 2024 12:30PM


Auction Preview Dates
Oct 25, 2024 from 11:00AM - 12:00PM
Auction Location
1655 George Wallace Highway
Russellville, AL 35654




Highway 43 in Russellville, corner of Elm Lane and Highway 43
Auction Description


Simultaneous LIVE and ONLINE Auction held LIVE ON-SITE Friday, October 25, 2024 @ 12:00 PM
Great Commercial Opportunity on High Traffic Highway 43!
ALDOT reports traffic count at 15k per day on this bustling roadway. This convenience store is situated on a corner lot with two bay doors in the rear and additional retail space in the front. Total building size is 9,000 ± square feet and sits on 1.14 acres with room to build an additional structure. Road frontage on Hwy 43 is 235 feet.  The retail space is currently leased by a tire shop at $700/month. The two bay area was most recently used as a mechanic shop. Convenience store has two separate entrances, making it suitable for convenience on one side and alcohol sales on the other side. The property includes a kitchen, office space, and storage area. Commercial equipment and personal items to be sold the same day that includes several coolers, shelving, freezers, kitchen equipment, shop equipment, a 1996 Explorer, and much more.
All items available for online bidding.
Live simulcast auction to be conducted Oct 25 at noon
Preview begins at 11:00 AM

Auction Documents

Plat

QR Code Personal Items Lot List

Catalog
Terms & Conditions
  • Online bidders must contact W. Todd Hess at 256-541-2964 within a minimum of 24 hours prior to the auction to complete registration for bidding online. No exceptions! A bank Letter of Guarantee in the amount of 10% of the minimum bid price may be required to complete registration.
  • A 10% Buyers Premium to be added to the final bid to determine the contract price on the Real Estate.
  • All property is sold “AS IS, WHERE IS”. Cole Auction works strictly as an agent for the seller.
  • 10% down day of the sale, balance to be paid in 30 days or less.
  • Property is selling subject to all restrictions, easements and rights-of-ways.
  • Seller to pay prorated taxes and provide clear deed and title.
  • Purchaser to pay all of their own closing costs.
  • All decisions of the Auctioneer are final in case of bidding disputes.
  • Seller reserves the right to deny or expel anyone who attempts to disrupt the sale.
  • Property is to be considered to be sold under reserve unless otherwise specified. Cole Auction does not disclose the reserve price prior to the live auction.
  • Seller reserves the right to accept a winning bid prior to the live auction.
  • Property maps, surveys, inspections, etc. are for reference and sale purposes only. Neither the Auction Company nor the seller guarantees any of the information given.
  • It is the responsibility of the buyer to verify all specifications and conditions of the property.
  • No warranties or guarantees are being made as to condition, age or value prior to sale date.
  • No contingencies shall apply to the sale of the property, including a buyer receiving financing.
  • Buyers & Sellers and/or their agents may bid at the live auction, online, or by phone. Employees of Cole Auction may bid on behalf of others up to and including online bids, phone bids, absentee bids, and prebids.
  • All information that is being given is believed to be correct and reliable but is not guaranteed by the Auction Company.
  • Announcements made day of the sale take precedence over any written material.
  • Cole Auction will pay outside brokerage 2% of net commission. Sales price minus concessions (i.e., expenses and/or commission reductions). Agents must register with Beau Cole at beaucole@msn.com prior to auction. NO EXCEPTIONS! Agents and/or their clients must participate in the live ON-SITE auction to qualify for the payment.
Payment (Real Estate)
  • Cole Auction does not accept credit cards for real estate purchases.
  • 10% Premium due within 24 hours after close of auction. Contact Beau Cole at 256-837-0701 for wiring instructions. Remaining balance due upon closing. $25 fee for wire transfers is waived for real estate purchases.
  • Purchaser has 30 days to close, but time to close may be extended on a case-by-case basis.
  • Purchaser pays their own closing costs, but has the right to choose the closing attorney or title agent.
License Information:
Cole Auction Liquidators, LLC
AL #284
Cole Properties & Auction, Inc.
AL #120

Principal Auctioneers:
Personal Property:
W. Todd Hess
AL #5536

Real Estate:
W. Todd Hess
AL #5536

Arthur Cole III
AL #1417

Cole Auction

1580 Sparkman Drive, Suite 102
Huntsville, Alabama 35816
Phone: (256) 837-0701
Fax: (256) 837-3830

Follow Us