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Auction Established Events Venue Residence For Sale

Alabama, US
Asking Price:
$699,000 (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

AUCTION (Live & Online) Bidding ends Thursday, June 18th at 11:00 am CT. Nominal Starting Bid of $699k. Last asking price $1.2M. Mountain View Gardens & Ballroom: A luxurious personal residence and/or established events venue with a beautiful home, guest home, and barn on 10± scenic acres in Springville, AL. This Live & Online Auction ends Thursday, June 18th. Located at 291 Newton Road, Springville, AL, this property has extraordinary panoramic mountain views and could be used as a permanent residence and /or an established events/wedding facility. It is ideal for entertaining and large gatherings. You can live & work from home! This great location is just minutes to I-59, Birmingham, and Gadsden. Main House: 5 BR, 2.5 BA, 5,138± SF, and Guest House: 2 BR, 2 BA, 1,400± SF.

**AUCTION DETAILS** A 10% Buyer's Premium will be added to the final bid to determine the Total Contract Price paid by the Purchaser. This is a cash sale with 10% down due by Friday, June 19th at 4:00 pm CT with the remaining balance due at closing within 30 days. A registration amount of $10,000 must be submitted to Target Auction Company PRIOR to being approved to bid. Should you not be the Purchaser, this will be promptly refunded. Brokers are welcome and a 2% commission can be earned. Please see the Broker Compensation Form under this property's Documents tab. To preview this property, an appointment is required. Please call to schedule your private viewing on one of the following dates: June 6th, 7th, 13th, 14th, 17th from 10:00 am until 3:00 pm CT. D.Jacobs, ALAU#5060.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

5,000± SF main brick home/facility with a grand ballroom, 4/5 bedrooms
1,400± SF detached guest home with 2 bedrooms
Inground pool with mountain top views
Koi pond
Entertainment barn

Location:

Amazing mountain views and a great location just minutes to I-59, Birmingham, and Gadsden.

Premises Details:

Custom Main Home, Guest Home, and Barn on 10± Acres
Extraordinary Panoramic Mountain Views
Permanent Residence and/or Events Venue
Established Wedding Facility
Ideal for Entertaining & Large Gatherings
Live & Work from Home!

Size in square feet:
6,000± SF

Business Operation

Expansion Potential:

10± acres with plenty of room to expand!

Reasons for selling:

Owners' parents are in ill health and they want to downsize and retire. The events business has been on hold for over a year and currently due to Covid-19.

Other Information

Website:
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Related Documents:
Business closed / Asset sale:
Yes

Contact Information

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