The former Viewforth petrol station at Higgins Neuk was deemed to be in prime location as it is also close to the Clackmannanshire Bridge and a busy roads network.
The lot was sold by SVA Property Auctions with the hammer eventually falling on a bid of £116,000.
Auctioneer Shaun Vigers said: “The site’s location certainly provides huge potential for redevelopment and alternative commercial use.
“The final price wasn’t too much of a surprise for us as after 25 requests for legal packs prior to the auction, we were ready for some intense bidding.”
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Among the other properties at the auction were a C-listed former bank in Annan which went for £91,000 and a small shop on Allardice Street in Stonehaven which sold for £82,000.