15 Acre Tract Zoned M-1 Light Industrial in Oxford, AL
Online Only Auction Sells Regardless of Price Bid Deadline: Wednesday, November 17 at 11:00 AM CT Sale Manager: Jeb Howell 15 Acre Tract Zoned M-1 Light Industrial Lots 24, 25, 26 Joe Street, and Parcel 2, Oxford, AL 36203 Description: 4 Tracts totaling 15 acres accessed at the end of Joe Street in Oxford. Lots 24, 25, and 26, also known as Lots 5, 6, and 7, Block K of the Blue Pond subdivision, have frontage on the Joe Street right of way. These 3 lots total 11.9± acres. Joe Street pavement ends approximately at the east end of the tracts and continues as an unpaved drive along the north edge of these 3 lots. Water and sewer is also in place up to the approximate boundary of the tracts. Immediately south of these lots is an approximately 3.1 acre tract identified as Parcel 2, which is separated from the 3 Joe Street lots by the east-west trending Southern Natural Gas pipeline. This property fronts on the I-20 R/O/W. The tracts are zoned M-1 Light Manufacturing which allows a variety of uses including manufacturing, construction service, mini-warehouse or warehouse, truck and vehicle repairs, and others identified in the attached Oxford zoning ordinance. Most of the area of the tracts are located in the "AE" flood zone as defined by FEMA, and any development of structures will require fill dirt to raise the footprints. A small portion of the NW corner of Lot 26 is located in a regulatory floodway of a tributary of Choccolocco Creek. Tax Parcels: Tract 24 PIN # 15814, 2022 Tax Value $39,900, 2021 Taxes $195; Tract 25 PIN #15815 2022 Tax Value $43,300, 2021 Taxes $206.15; Tract 26 PIN #15816 2022 Tax Value $45,600, ,2021 Taxes $221.60; Tract 2 PIN #15622, 2022 Tax Value $31,600, 2021 Taxes $150.10 Property taxes will be prorated at closing. Broker Participation Invited: A two percent (2%) Commission will be paid on the final contract price to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Please see Auction Terms for full details. Property Inspection: Inspect Anytime All escrow and closing attorney fees paid by buyer. Terms: 10% Buyers Premium added to winning bid to determine sale price, 20% Earnest Money Deposit, 2% Broker Co-Op, close within 30 Days. Please note: Whereas it is possible that this listing is posted with a stated price as may be required by certain marketing platforms, this asset could sell for more or less than the stated price since this is an auction. Please visit our website for complete listing, due diligence materials and additional images. AMC Alabama License 1682.
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