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Alfa to Sell Montgomery Land in Sept. 27 J.P. King Auction.


MONTGOMERY Montgomery, city, United States
Montgomery, city (1990 pop. 187,106), state capital and seat of Montgomery co., E central Ala., near the head of navigation on the Alabama River just below the confluence of the Coosa and Tallapoosa rivers, and in the rich
, Ala ALA aminolevulinic acid.
Ala alanine.
ala (a´lah) pl. a´lae   [L.] a winglike process.
. -- Alfa Properties Inc. will sell approximately 976 acres of land it has owned for decades between the Montgomery Regional Airport Coordinates:

Montgomery Regional Airport (IATA: MGM, ICAO: KMGM, FAA LID: MGM), also known as Dannelly Field, is a public airport located six miles (9.
 and the Hyundai Plant. Gadsden-based J.P. King Auction Company will manage the sale, which is set for 11 a.m. Thursday, Sept. 27, at the Embassy Suites Hotel, 300 Tallapoosa Street, Montgomery.

"We have no plans to develop the land, and we would rather see it in the hands of some companies that will use it to create new business enterprises and further the Montgomery area's economic growth," said Kevin Ketzler, vice president of Alfa's real estate operations.

The land is zoned light manufacturing (M-1).

Alfa will sell the land in parcels ranging from approximately 1.8 acres to approximately 146 acres, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Craig King Craig Anthony King (b. 16 March, 1984) in Perth. He is an Australian cricketer who plays for the Western Warriors. , president of J.P. King. Most of the land - approximately 929.8 acres - will sell at absolute auction, with no minimum bid or reserve.

"You don't often see this much land - in this good a location - selling absolute, so buyers could have an opportunity to acquire the land they need at a good price. By offering the land in parcels, we hope to attract more prospective buyers, including some who couldn't necessarily afford to bid on several hundred acres," said King. "Bidders also will be able to bid on combinations of parcels to suit their unique needs. For example, someone might want to combine three or four parcels along U.S. 31 for visibility, while another buyer might combine some of the larger parcels for industrial use."

The properties are located south of U.S. 80 and west of U.S. 31, according to Ketzler.

Individuals interested in more information about the upcoming sale may contact J.P. King at (800) 558-5464 or visit the company's web site at www.jpking.com.

J.P. King is the nation's leading auction marketing firm specializing in high-value properties such as superluxury homes, condominiums, ranches, land and developments. Recent sales have included a cattle ranch ranch, large farm devoted chiefly to raising and breeding cattle, horses, sheep, and goats. The cattle ranch was introduced from Latin America to Texas and the plains of the W United States and Canada.  in Colorado, a horse farm in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , and condominiums in Florida.
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Publication:Business Wire
Date:Aug 29, 2007
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