Furrow Auction Company
ABSOLUTE REAL
ESTATE AUCTION

To Be Sold To The Highest Bidder
Regardless of Price
Approx. 125 Acres on I-81 at Exit 30 in Greene County
2300 ft. High Visibility Interstate Frontage
Especially Suitable for Distribution or Trucking
Subdivided into (5) Tracts
To be Offered Separately and as a Whole

Exit 30 off I-81
Greeneville, TN


Saturday, September 15th, 10:30 AM
 

2% Broker Participation Offered
Click here for Broker Participation Form

 

Special Financing Available!

75% financing, terms to 15 yrs, monthly and annual payments available. 4.25% fixed interest rate as of 8-1-2012 (rates subject to change daily).

65% financing, terms to 25 yrs, monthly payments. 4.9% fixed rate as of 8-1-2012 (rates subject to change daily).

Above terms could be offered with a 5 yr arm rate of 3.4% as of 8-1-2012 (rates subject to change daily). 

Loan Value is determined using either the sales price or the appraised value, whichever value is the lowest.

Other terms available on the ARM rates.

Contact Ronnie Sartain or Edward Snodgrass at 423.638.8151

 

Citizens Bank 

  • 75% financing – Rate of 3.99% with a 1% origination fee and 25% down.  The loan will be amortized for 20 years with a 5 year fixed period.

* Rates subject to change daily

For additional information please contact: 

Steve Walker
Citizens Bank
130 S. Broad Street
New Tazewell, TN 37825
423-526-5018 Direct
423-526-5418 Fax

865-384-3476 Cell
steve.walker@citizensbanktn.com

 

Located directly off I-81 at Exit 30 with interstate exposure and immediate access. Ideal for trucking operations of any kind, fuel/travel centers, dealerships or any business requiring direct interstate access or exposure.

 

  • Beautiful Pasture Land
  • (2) Parcels Zoned Commercial
  • Excellent Location for New Business off of I-81 at Exit 30
  • Convenient to Knoxville & Johnson City
  • Located 10 miles from downtown Greeneville
  • Land is level to rolling with approximately 2,330 feet of I-81 frontage, including the north bound exit ramp on Exit 30.
  • Approximately 619 feet of frontage on Lonesome Pine Trail (Highway 70)
  • Traffic count of approximately 23,000 vehicles per day at I-81 & Exit 30

Zoning:  According to Bert Seay with the Greene County Planning & Zoning Department, the property is zoned A1 (General Agriculture District) and B3 (Arterial Business District).  The (2) 5 acre parcels are zoned B3 with the remaining acreage zoned A1. Please refer to the zoning restrictions for additional information. 

The Greene County Planning & Zoning Department can be reached at (423) 798-1724 or visit their website at www.greenecountytngovt.com/d_boardofzoning.php.

Utilities:   Electric, Water, Natural Gas – Available to the property.

Electricity – According to Allen Tweed, Director of Engineering, Greeneville Light and Power System is the electrical provider for the property. Costs to extend & connect will vary depending on factors to include number of power poles needed, distance to extend, overhead vs. underground, etc. Greeneville Light & Power Systems can provide detailed cost estimates upon request. For additional information, please feel free to contact Allen Tweed with GLPS at (423) 636-6200.

Water – According to Jordan Cox, Engineer, North Greene Utilities is the water provider for the property. There is an 8” water line that runs in front of the property along Lonesome Pine Trail (Highway 70). For additional information, please feel free to contact Jordan Cox with North Greene Utilities at (423) 234-8862.

Sewer – Sewer service is NOT available in this area. According to Jordan Cox, Engineer with North Greene Utilities, the closest sewer line is located at Exit 36, Baileyton Road.

Estimated Real Estate Taxes:

Property is currently in Greenbelt

Current County Taxes with property in Greenbelt: Approx. $746.00
Estimated County Taxes with property not in Greenbelt: Approx. $1,487.00

If the property is removed from the Greenbelt, Rollback taxes in the approximate amount of $7,659.00 will be paid by the seller.

Actual tax rate for Green County (2012) is $1.80 per assessed hundred

Current Year Taxes to be pro-rated at closing

** For additional tax information, please feel free to call the Greene County Trustee’s Office at (423) 798-1705.  For additional Greenbelt information, please feel free to call the Greene County Property Assessor’s Office at (423) 798-1766.  You can also visit Greene County’s Government website at www.greenecountytngovt.com.

**Tax Information is based off of entire property**

Directions: Traveling northeast on I-81 toward Johnson City, take Exit #30 for TN-70 toward Greeneville/Rogersville.  Turn RIGHT off the exit and travel 2/10 mile to property on RIGHT just past the “Okee Dokee Market”.  The property fronts on I-81 at the exit as well as along Lonesome Pine Trail. 

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE ON OR BEFORE FRIDAY, OCTOBER 5TH, 2012. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.

Have a Question about this Auction?  Click here to send e-mail directly to a Furrow Representative.

**All Square Footage and Acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

 
 
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AUCTION DOCUMENTS

Auction Brochure
Broker Letter
Greenbelt Application for Combined Parcels
Greene County Assessment Data
Greene County GIS Map
Greene County Tax Map
Green County Zoning Map
Greeneville Light and Power Letter
Preliminary Subdivision Map
Rollback Tax Calculation
Title Commitment
USDA Soil Map
Zoning Regulations - A1 General Agriculture District
Zoning Regulations - B3 Arterial Business District

 

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