Co-owners Mike and Becky Alberson and Bill and Beth Compton can refuse all offers if the price isn't what they're looking for, according to Higginbotham Auctioneers of Lakeland which will be conducting the four-hour sale.

The property has been vacant since April 2001 when restaurateurs Gary and Tracy Webster called it quits after their 300-seat Ferran's Moonlight Grill operation couldn't produce the required customer volume. The Websters had leased the premises since January 2000. The Albersons and the Comptons had operated the restaurant from 1998 to December 1999.

The sale is significant, local brokers tell GlobeSt.com, because an auction sale of a prime Downtown commercial property doesn't happen here everyday and the event may indicate current market value of comparable properties.