Lot # : 1 - Approx. 2.29 Acres - consisting of 3 parcels being

Online Only Auction
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New Market, TN 37820
Date(s)
9/21/2021 - 9/23/2021
AUCTIONEER INFORMATION
Catalog
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Bidding Notice:

On-Line Only Auction A Real Estate Contract must be signed at the end of the auction

Auction Notice:

Inspection: Property may be Inspected at any time

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Approx. 2.29 Acres - consisting of 3 parcels being
Description
sold as one) - Lots 7, 8, & 9 Tax ID 033C-C-021.00, 022.00 & 023.00. Improved with income producing billboard (3K per year) and an unfinished 30' x 40' commercial building
Name RE-OnLine Only Hwy 11E, New Market
Auctioneer
Furrow Auction Company
Type Online-Only Auction
Date(s) 9/21/2021 - 9/23/2021
Auction Date/Time Info
Bidding Opens Sept 21st at 9:00 am
Preview Date/Time Property can be inspected at any time
Checkout Date/Time Possession at closing
Location
Hwy 11E
New Market, TN 37820
Buyer Premium 10% On-Line
Description
ONLINE ONLY REAL ESTATE AUCTION Approx. 2.29 Acres with Improvements Hwy 11E (Adjacent to Dollar General), New Market, TN Bidding Opens on Tuesday, September 21st at 9:00 am Bidding Ends on Thursday, September 23rd at 3:00 pm INSPECTION: Property can be inspected at any time PROPERTY DESCRIPTION Approx. 2.29 Acres (consisting of 3 parcels being sold as one) Located Directly Adjacent to Dollar General in New Market, TN Improve with Income Producing Billboard (3K per year) and an unfinished & 30’ x 40’ Commercial Building Great Location, Convenient to Knoxville & Jefferson City Samuel J. Furrow | TN PBL #26
10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due Sale day in the form of cash, or wire plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 20 DAYS. NO EXTENSIONS AVAILABLE.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 149,000.00 1,000.00 USD
149,000.01 - 224,000.00 1,500.00 USD
224,000.01 - 500,000.00 2,000.00 USD
500,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% On-Line
Payment Terms
10% Earnest Money Deposit due no later than Noon on Sept. 24th. A Real Estate contract must be signed. Estimated Real Estate Taxes: Jefferson County $865.27/yr. City of New Market $237.06/yr.
Possession at closing on or before October 13, 2021
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