LAND AUCTION INQUIRY
LAND:
125 +/- acres, prime Location, zoned B2 and R4
MASTER PLAN AND DUE DILIGENCE:
Approved by City of Saraland, Mobile County, AL in 2008, a year of due diligence done, master plan done, engineering done and all needed permits granted, sale closing scheduled...2008 economy crash a week or two before closing date...$2.7M sale failed. Permits need to be renewed, property condition has not changed. I-65 interchange has been upgraded from two lanes to five lanes.
Liberty Properties, Inc. is owned by three elderly siblings (77-81), thus the price has been reduced dramatically. We are investigating the possibility of an absolute auction assuming a $700,000 minimum bid. This property was approximately $2M value of the failed $2.7M failed sale contract. The property is lien free. Our parents purchased the property in 1950. Then it was remote country, at the end of a narrow dirt road. Now one of us lives in Texas, one in Mississippi, one in Saraland, but not on the property. Now, the property dominates the northeast quadrant of a busy interstate highway interchange...with six tenths mile of interstate frontage. The location is I-65 at Celeste Road, Saraland, Alabama, ten minutes north of Mobile. Click the CONTINUE link to see maps, drawings and more details about the property.