1718 Gault Avenue North, Fort Payne, AL 35967

Online Only Absolute Auction of 3,356±SF Former Bank Branch

Online Only Absolute Auction 3,356±SF Former Bank Branch 1718 Gault Avenue N., Fort Payne, AL 35967 (DeKalb County) Bidding Opens: Monday, November 4 at 11:00 AM CT Bid Deadline: Wednesday, November 13 at 11:00 AM CT Inspection: Monday, November 11 at 12:00 Noon CT SHARP Sale Manager: Jeb Howell Property Description: 1718 Gault Avenue is a beautiful former bank building located at a signalized intersection on a main thoroughfare in Fort Payne, AL. The brick and stucco sided structure, with a metal roof, has 4 covered drive through lanes and 29 parking spaces and is situated on two parcels. The August 2019 survey indicates a footprint of 3,356± SF and the two parcels total .89 acres, with 241'± frontage and a curb cut on Gault Avenue, 249'± frontage and a curb cut on 18th St NW, and 71'± frontage on Grand Avenue to the rear. The site is near multiple restaurant and retail businesses with great ingress/egress and easy access from Gault Avenue and 18th Street. A July 2019 Phase I Environmental Site Assessment has revealed no evidence of RECs, CRECs, HRECs, or VECs in connection with the subject property. DeKalb County Parcels 23-03-05-1-004-023.000 & 23-03-05-1-004-024.000 DeKalb County Appraised Value $13,800 & $552,920 = $566,720 Total DeKalb County 2019 Taxes Due $124.20 & $4,976.10 = $5,100.30 Total Terms: Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, Earnest Money Deposit 10% of Purchase Price, 1% Broker Co-Op, close in 20 days. Julian E Howell, AL Auctioneers License #1682