ONLINE BIDDING ONLY AUCTION
(2) COMMERCIAL BUILDINGS IN DOWNTOWN ARAB
192 1st Street, NW · Arab, AL (Marshall County)
Bidding Begins To Close Tuesday, May 12th · 7 PM
· GREAT LOCATION . . . JUST OFF MAIN STREET ·
Arab is a charming city on top of Brindlee Mountain and is noted for its rich heritage, its walkable historic downtown, its close proximity to Lake Guntersville and easy access to Huntsville, Birmingham and Redstone Arsenal. Knowing this, and that we're offering 2 buildings just off Main Street, your entrepreneurial juices should be flowing. Take some time to explore these buildings and with some creative thinking create an unbelievable renovation project to knock the socks off the improving city of Arab. Just to mention, one of the buildings is directly behind Seidr Brewery and the other is directly across the street from the Brewery. Both buildings have city water ad sewer available to them. Call Daniel Culps today to schedule a private viewing of these gems in the rough. Call (256) 603-1249.
1276 SF± Commercial Building
192 1st Street, NW
PARCEL 13 06 23 4 004 065.000 PIN 15265; 2025 Taxes = $100.44 & Parcel #13 06 23 4 004 065.001 / PIN 15266; 2025 Taxes = $59.94
These two contiguous parcels present a unique opportunity to contribute to and enhance the vibrant, growing festive atmosphere of downtown Arab. Ideal for development, they offer excellent potential for retail, dining, or mixed-use projects in a high-visibility area.
For more information, call Daniel Culps today at (256) 603-1249.
Directions: Just off Main Street in Guntersville, Alabama.
Watch for Fowler Auction signs!
AUCTION NOTES
· This is an ONLINE only auction.
· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price for real estate.
· A 20% deposit (escrow money) of the total purchase price for the real estate will be retained within 24 hours of auction with balance due on or before 30 days.
· Real Property will be conveyed by deed description.
· 2026 Taxes will be pro rated.
· No Broker Participation will be available for this auction.
NOTE: It is very IMPORTANT that every Bidder read and understand the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
THIS AUCTION FEATURES AN AUTO BID EXTEND: When a bid is placed in the final 3 minutes of bidding, the auction bidding will be automatically extended 3 minutes from the time the bid was placed (i.e., if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend to 6:03). The auto extend feature remains active until no further bids are received within a 3-minute time frame.
This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Daniel Culps, CAI, CES; ALSL5070, TNSL5890, TNFIRM2315, GABROKER449014
8719 Highway 53 · Toney, AL 35773
(256) 420-4454 · www.fowlerauction.com
PLEASE READ AND REVIEW THE FOLLOWING TERMS THOROUGHLY PRIOR TO BIDDING. It is very IMPORTANT that every Bidder read and understand the Terms & Conditions BEFORE bidding. Each Bidder is solely responsible for inspecting items of interest BEFORE bidding (all items are sold AS IS, WHERE IS) & picking up purchased items on the DESIGNATED day and time.By bidding in this auction, Buyer agrees to ALL terms & conditions set forth and enters into a contractual agreement to purchase each item under the following Terms & Conditions.**************************************************************ONLINE Bidding Only Auction Closes Tuesday, May 12th, 2026 at 7 PM.(2) Commercial Buildings · 1st Street, NW - Arab, ALParcel #13 06 23 4 004 065.001 / PIN 15266 Parcel #13 07 26 1 001 022.000 / PIN 16283Parcel #13 06 23 4 004 065.000 / PIN 15265Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. We do not accept a credit card for escrow money. The remaining balance shall be paid at closing, which must occur within thirty (30) days of auction date. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.A Fowler Auction representative will contact the winning Bidder Wednesday morning to arrange a meeting time/place to sign the contract and secure the non-refundable 20% deposit.NOTE: Each real property will be conveyed by deed description.If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.Disclaimers & Absence of Warranties:· Facilities may contain lead-base paint. Prospective Buyers may inspect ten (10) days prior to auction date at the sole expense of the prospective Buyer.· Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.· In all transactions, the Auctioneers are acting as agents for the Seller only.· Property will be sold 'AS IS, WHERE IS' with no guarantees, expressed or implied, by Fowler Auction & Real Estate Service, Inc.· All decisions of the Auctioneers are final.THIS AUCTION FEATURES AN AUTO BID EXTEND: When a bid is placed on an item in the final 3 minutes of bidding for that lot, bidding on that lot will automatically be extended 3 minutes from the time the bid was placed (i.e., if an auction lot scheduled to close at 6:00 receives a bid at 5:59, the close time for that lot will automatically extend to 6:02). The auto extend feature remains active until no further bids are received on a certain lot within a 3-minute time frame. MAXIMUM BID: When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another Bidder has to bid to increase the current price and the bidding platform will automatically bid up to your maximum in the increments specified.Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, Buyer agrees to all terms and conditions set forth.Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.Conducted By Fowler Auction & Real Estate Service, Inc.(256) 420-4454 · www.fowlerauction.com
