SOURCE: Albert Burney Auction Company

Albert Burney Auction Company

September 15, 2010 15:46 ET

Alabama Commercial Real Estate Auction: Former Parkdale Mills Factory to Sell at Auction Nov. 2

ROCKFORD, AL--(Marketwire - September 15, 2010) -  A former Parkdale Mills factory will sell at auction Nov. 2, with a reserve that is a fraction of the value established in its current tax appraisal.

The manufacturing facility was recently assessed at $3.8 million for tax purposes, but it will sell to the highest bidder at or above a minimum bid of $595,000, according to Warren Ward, president of Albert Burney Auction Company, which will manage the sale.

"This is a remarkably low reserve for an excellent property," said Ward.

"This facility played an important role in the Alexander City area's vibrant textile industry, and its design is ideal for a wide range of manufacturing applications, including not only textiles, but furniture, housing components and many others," Ward added.

The 174,182 square foot facility is ready for immediate use, according to Ward. "The slow ramp-up time for a new manufacturing facility can be costly and frustrating, so having a facility like this one can save the new owner time and money," said Ward.

The majority of the space -- 172,516 square feet -- is manufacturing space, and there's 1,666 square feet of office space. It has three truck doors, a drive-in door, ceilings ranging from 14 to 22 feet, acoustic ceiling tile in much of the manufacturing area, and heating and cooling throughout. The property also has a dedicated water tower and storage tank as well as ample parking for both cars and trucks.

"Rockford is an excellent location for manufacturing, with a central location and a ready labor supply," Ward said. The property is less than 60 miles from Birmingham and Montgomery, and 120 miles from Atlanta.

The auction will take place at 11 a.m. at the property, located at the intersection of U.S. 231 and SR 22. Individuals seeking further information may contact the auction company at (800) 543-1654 or visit www.albertburney.com.

Albert Burney Auction Company, headquartered in Huntsville, Ala., is one of the nation's leading auction companies specializing in land, commercial properties, home sites, homes, and other high end real estate. More auction information.

Contact Information

  • For more information:
    Carl Carter
    (205) 378-9290

    Lindsay Fernandes
    (205) 909-3705