I-65 Exit 347 Development Property
Athens, Alabama… On June 23rd, 283+/- acres of three prime development parcels on the northeast and northwest sides of I-65 at exit 347 and the northwest corner of Huntsville-Brownsferry Road and Mooresville Road (Peete’s Corner) were offered at auction. The live auction was conducted by The National Auction Group, Inc of Gadsden, Alabama.
With a jammed packed crowd of over 150 people there were 14 registered bidders who each came prepared with a $100,000 cashier’s check. The bidding competition was fierce but when all the smoked cleared and the dust settled all three parcels were purchased for a total of $4,819,430.00.
This was a very positive experience for the real estate community and property owners establishing truly high property prices for the area.
“We had very happy buyers and happy sellers. Both were pleased with the sale.” said Mr. William Bone, President of The National Auction Group, Inc.