Alabama Power selling commercial buildings in online auction
Published 10:22 pm Wednesday, October 23, 2019
Alabama Power Company is selling a number of commercial properties located throughout the state in an online auction, with Pearce & Associates conducting the sale.
Commercial Buildings being sold are in Columbiana, Leeds, Alexander City, Blountsville, Citronelle, Clayton, Daleville, Theodore, Sulligent and Linden.
“The availability of these buildings presents opportunities for businesses and investors around the state. They are in convenient locations well suited for retail, offices, medical and law practices, and other commercial uses,” said Chip Pearce, president of the auction company. “All are in ready to occupy condition.”
The business centers range in size from 2,000 square feet to over 8,000 square feet, and most have features like backup power generators and tornado shelters.
Bidders will be required to submit a one-time deposit of $2,500, which will be credited toward the purchase price for successful buyers and refunded within three business days for other bidders.
Registration and bidding will begin Wednesday, Oct. 23, and bidding will begin to close at 1 p.m. Friday, Nov. 15.
Pearce & Associates will also open a bid center for bidders who need assistance with registration and bidding. The center will be at the Holiday Inn Hoover, 2901 John Hawkins Parkway, from 10 a.m. Friday, November 15, until the auction closes. Only registered bidders, or those registering, will be allowed in the assistance center.