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ABSOLUTE REAL
ESTATE AUCTION

To Be Sold To The Highest Bidder
Without Minimum or Reservation

Approx. 50-Acre Development Property w/ Improvements
Subdivided into Tracts
To Be Offered Separately and as a Whole

Formerly Known as Morristown College
Wednesday June 7th, 2006  – 12:00 Noon
Open House Wednesday May 31st 11 AM - 1 PM

North Cumberland/East 6th North Street
Morristown, TN


3% Broker Participation Available
Click here for the broker participation form




Improvements include (2) Dormitories, Cafeteria, Gymnasium, Science Building, Administration building with Auditorium, Chancellor’s Home, and President’s Home. 

This property is situated in the heart of downtown Morristown and well known as a historic landmark and listed on the National Register of Historic Places. Endless possibilities exist for the development or redevelopment of this property.   

For More Information on the National Historic Registry and Tax Incentives, Click Here

Utilities Available:  Electric/Water/Sewer/Gas 

Zoning:  R-2 Residential 

Taxes:  Total City -  $5,332.58 Total County - $10,115.40

Directions:  See location map

Terms: 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due today in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.  CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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

 

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Documents are in Adobe PDF format.  To get a free copy of Acrobat Reader please click here

 

Click the links below for PDF Files
Complete Due Diligence
Electric Rates
Environmental Report
Location Map 1
Location Map 2
Preliminary Plat
Survey Subdivision
Tax Map
Taxes City Parcel 1.01
Taxes City Parcel 1
Taxes City Parcel 2 SI
Taxes City Parcel 2
Taxes County
Title Commitment
Topography Map
Underground Electric Policy
Water Rates
Zoning Map
Zoning Regulations R-2

 
  Furrow Auction Company  (800) 438-7769  TN Lic. #62