Mobile, AL: 3,371± SF Former Bank Branch on 1.1± Acres at 2745 Government Blvd. (Mobile County)
Auction: Online Only Absolute Auction of 6 Former Bank Buildings in 5 States

     
Bidding Opens: Friday, September 29 at 11:00 AM CT
Bid Deadline: Thursday, October 26 at 11:00 AM CT
Inspection: Monday, October 23 at 10:00 AM CT SHARP
Sale Manager: Jeb Howell, 404-500-6628 or Info@AMCbid.com

 

Property Description: 2745 Government Blvd and the adjacent parking lot with the address 2751 Government Blvd are combined into a single tax parcel. This single story former bank building with 3 covered drive through lanes was built in 1989. 
235’± frontage with 3 curb cuts on Government Blvd, 178’± frontage and a curb cut on Fairway Dr, and 214’± frontage on McRae Ave with a curb cut to the rear. 16,500/day traffic counts

Located on the Southwest side of Mobile, the property is approximately 1 mile from I-65 and 2 miles from I-10.

The four sided brick structure has 3 covered drive through lanes and 35 parking spaces. 

Mobile County Parcel# 29-09-51-0-003-004.XXX
Mobile County 2022 Appraised Value: $705,200
Mobile County 2023 Improvement Value: $596,900
Mobile County 2023 Appraised Value: $439,000
Mobile County 2023 Taxes Owed: $5,824.52

 

According to the Mobile County Tax Appraisal Department the property was recently reassessed due to the building being “vacant but safe”.

 

Terms:  Proof of Funds Required to Bid, 5% Buyers Premium added to winning bid to determine sale price, Earnest Money Deposit 10% of Purchase Price, 2% Broker Co-Op, close in 30 days from the auction date (NO LATER THAN MONDAY, NOVEMBER 27).