SOLD – Absolute Auction of 5 Commercial Tracts Ranging From .65 to 3.05 Acres

AUCTION LOCATIONAir Park Blvd. & Andrew Johnson Hwy., Morristown, TN

AUCTION DATESeptember 10, 2014

AUCTION TIME 12:00 pm

TIME ZONE

INSPECTION DATE

INSPECTION TIMEShown by Appointment

CONTACTChuck Fisher, 865.546.3206

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Auction Information

THIS AUCTION HAS ENDED.

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To Be Sold To The Highest Bidder Without Minimum or Reservation Tract A – 3.050 Acre
  • 636 Feet of Frontage on Bulldog Lane
  •  321 Feet of Frontage on Air Park Blvd.
  • 11,205 Vehicles Daily on Air Park Blvd.
Tract B – 0.896 Acre
  • 208 Feet of Frontage on Andrew Johnson Hwy
  • All Utilities Available
  • 20,303 Vehicles Daily on Andrew Johnson Hwy
 Tract C – 0.750 Acre
  • 286 Feet of Frontage on Bulldog Lane
 Tract D – 0.650 Acre
  • 112 Feet of Frontage on Bulldog Lane
Tract E - 0.818 Acre
  • 195 Feet of Frontage on Bulldog Lane
 Tracts B, C, D & E to be Offered Separately and As A Whole
Estimated Real Estate Taxes: Tract A: (3.05 Acres) Annual Hamblen County Real Estate Taxes:        $2,685.95 Annual City of Morristown Real Estate Taxes:      $1,655.64 Tracts B, C, D & E (currently assessed as single parcel) Annual Hamblen County Real Estate Taxes:        $2,603.66 Annual City of Morristown Real Estate Taxes:      $1,666.98 Buyer is responsible for pro-rated share of current year property taxes  Back/Delinquent Taxes will be paid by seller.  
Zoning: IB – Intermediate Business District (City of Morristown)
Utilities: Electric: Morristown Utility Systems Water: Morristown Utility Systems (May Not Be Available To All Tracts) Sewer: City of Morristown (May Not Be Available To All Tracts) Gas: Atmos Gas  (May Not Be Available To All Tracts)
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 WITHIN 20 DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON TUESDAY, SEPTEMBER 30TH, 2014. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.THIS PROPERTY SOLD IN IT'S "AS IS, WHERE IS WITH ALL FAULTS" CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **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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