FORECLOSURE REAL ESTATE AUCTION – By Order of Bank

AUCTION LOCATION4990 E Andrew Johnson Hwy, Morristown, TN 37814

AUCTION DATENovember 17, 2017

AUCTION TIME 12:00 pm

TIME ZONEEST

INSPECTION DATEThursday, November 16th, 2017

INSPECTION TIME9am - 4pm

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

Foreclosure Real Estate Auction By Order of Bank

13,539 s.f. Industrial/Commercial Building

Auction Date/Time: Friday, November 17th at 12:00 noon

Inspection Date/Time: Thursday, November 16th  from 9am - 4pm

Address: 4990 E Andrew Johnson Hwy., Morristown, TN 37814

Bid Live or On-line


AUCTION DETAILS:
Property - 13,539 s.f. Industrial/Commercial Building
  • Formerly Known as Morris Wood & Tool
  • Approximately 13,539 square feet total
    • 1,170 s.f. Office
  • Approximately 9.2 Acre Lot
  • 3 Phase Power
  • 16’, 8” Roof Deck Height
  • 11’ Clear Height
  • 100% Heated & Cooled
  • One Covered Dock Door & One Flush Dock Door

 TN License #62

PAYMENT TERMS


TERMS: 10% Buyer’s Premium on site, 13% Buyer's Premium on-line - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale day 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.
ZONING
According to the City of Morristown Development and Planning Office, the subject property is zoned as follows:
  • HI: Heavy Industrial District

ONLINE BIDDING

Link coming soon...

UTILITIES


Electricity
  • Morristown Utility Systems (423) 586-4121
  • 3 Phase, 800 Amp Service
Morristown Utility Systems provides electricity for this property. The start-up deposit based on the current use of the property would be $1,600, but this could change depending on what the new owner plans to use the property for.
  Water
  • Russellville Whitesburg Utility District: (423) 586-2232
Russellville Whitesburg Utility District provides water for this property. In order to switch the service into a new owner’s name there is only a $50 deposit required.
  Sewer
  • Septic

Gas:
  • Atmos Energy: (615) 771-8330
Atmos Energy provides gas to this property; there is currently an active account. In order to switch service into a new owner’s name there is a $40 service fee. In addition to this service fee there is also a $90 minimum deposit required for the new owner to continue service.

ESTIMATED REAL ESTATE TAXES


  • Approx. City of Morristown Taxes: $1,537.32
  • Approx. Hamblen County Taxes: $2,428.80

Property is being sold SUBJECT TO ALL BACK/DELINQUENT TAXES

DIRECTIONS
To follow...

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