Bank Owned Auction | Commerical Real Estate, Selma, AL (Income Producing Property)
Bank Owned Commercial Real Estate Auction | Selma, AL: Join us for an online auction of prime commercial real estate properties in the heart of Selma, Alabama. Commissioned by a leading super-regional bank, Seven Hills Auction presents two commercial buildings totaling over 17,000 square feet, situated on just over an acre of land. The main facility is partially occupied by two reputable tenants and offers ample parking for new occupants. Don't miss this opportunity to acquire income-producing commercial property in a vibrant location. Participate in the auction and secure your investment today!
Thank you for participating in a Seven Hills Auction. Prior to placing a bid, please review the following information.
- Read the Terms and Conditions prior to bidding. The auction is being conducted under these conditions, do not bid without reviewing.
- Sample Contract: The contract we will be using can be found in the download section of the specific property page. Please review this carefully prior to bidding. This is the contract that will be used. The contract cannot be modified.
- Can you fully fund the transaction? If you are obtaining financing, make sure you are approved by your lender, and that they are fully aware of the property you intend to purchase. These properties are being sold subject to a non-refundable deposit, no financing contingency, no due diligence contingency, and a 30-day closing period.
- Important Property Notes: Please review the Property Information Package available in the download section.
- Title: The property is being sold subject to the seller being able to provide good marketable and insurable title. Please review the sample contract for more details.
- The Auction Clock: This auction includes an EXTENDED BIDDING feature. If a bid is placed on the property within the last five (5) minutes of the auction, the ending time of the auction countdown clock will be extended for five (5) minutes. The bidding will remain open until the clock hits zero.
- After the Auction: Once the auction is completed, the high bidder will receive a call from a 7H staff member to discuss the next steps. Please make sure your phone number and email address are correct in your account settings.
- The Contract and Earnest Money Deposit is Required within 24 hours. No Exceptions. If you are unable to complete these items within 24 hours do not bid. If you fail to complete these items, you could be subject to a $5,000 non-performance penalty per property.
If you have any questions, please contact us at 800-742-9165. Thank you for your support and we wish you the best of luck in the auction.