ABSOLUTE AUCTION – 101.39 ACRE TRACT – TO BE SUBDIVIDED INTO 5 TRACTS

July 9, 2020

12:00 EST

 

Rob Strickland 865.310.3208 or Chuck Fisher 865.310.3204

Auction Information

ABSOLUTE REAL ESTATE AUCTION

101.39 Acre Tract - To Be Subdivided into 5 Tracts

Offered Separately and as a Whole

Old Hwy 95 & Simpson Rd. Lenoir City, TN 37771

AUCTION: Thursday, July 9th, 2020 at 12:00PM

Auction to be Conducted from Lenoir City Church of Christ, 1280 Simpson Rd., Lenoir City, TN 37771

INSPECTION: PROPERTY CAN BE VIEWED AT ANY TIME


Property Details:
  • Approx. 101.39 Acre Tract - To be Subdivided into 5 Tracts and offered separately and as a whole
    • Frontage on Simpson Rd. & Myers Rd.
      • Simpson Rd.: Approx. 1,483 Feet
      • Myers Rd.: Approx. 903 Feet
    • Gently Rolling to Steep Terrain
    • Located less than 0.25 miles off Hwy 321
    • All Utilities Available
    • Convenient to I-40
    • Great Location Lends Itself to Multiple Development Possibilities
      • Single Family
      • Multi Family
      • Senior Care
      • Hospitality
      • Retail
    • Tract 1 - 25.62 Acres
    • Tract 2 - 27.00 Acres
    • Tract 3 - 13.38 Acres
    • Tract 4 - 18.93 Acres
    • Tract 5 - 16.47 Acres

Principal Broker License #26

EAST TENNESSEE LAND EXPERTS SELLING FOR TOP DOLLAR
PAYMENT TERMS
  • 10% Buyers Premium.  The successful bidders will deposit 10% of the purchase price (including Buyers 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 within 20 days.
ZONING
  • R-1: Low Density Residential District (Lenoir City)
TAX INFORMATION
  • Loudon County: $3,165.42 (approx.)
  • Lenoir City: $1,990.00 (approx.)

*Buyer is responsible for pro-rated share of current year property taxes.*

*Any and All Back/Delinquent taxes will be paid by seller.*

*Rollback Taxes (if applicable) will be paid by seller.*

SCHOOL INFO
  • Elementary: Highland Park Elementary School
  • Middle: North Middle School
  • High: Lenoir City High School
UTILITIES
  • Electric: LCUB  
  • Water: LCUB  
  • Sewer: LCUB  
  • Gas: LCUB  
DIRECTIONS
  • Located at the intersection of Old Hwy 95 & Simpson Rd.

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