TRACT 2

6.55 Acres in 2 Tracts

Tract 1: 1.46 Acres

Tract 2: 5.09 Acres

 

Welcome to a rare chance to acquire a prime parcel of commercial land in a rapidly expanding area. Zoned Mixed Commercial (MXC) and boasting an enviable location with high visibility and connectivity, this property is tailor-made for ambitious developers and investors looking to make their mark in a dynamic market.

Situated in a bustling and high-growth area, this property is approved for the development of a 12,000 square foot strip mall, apartments, townhomes, 4 story building with parking requirements met offering an ideal canvas for retail, dining, or service-oriented businesses seeking maximum exposure and accessibility.

Key features include:

• Land Preparation: Two meticulously prepared man holes for sewer connection await your development plans, ensuring a streamlined construction process.
• Utilities: Benefit from the convenience of having all utilities already in place, including water and gas connections, saving time and expense during the development phase.
• Infrastructure: Essential infrastructure such as storm drainage is fully installed, ensuring efficient water management and compliance with environmental standards.
• Grade and Drainage: With mass grading completed, the groundwork is laid for smooth construction and optimal site utilization.
• Retention Basin: A development retention basin is strategically integrated, enhancing the property’s environmental sustainability while meeting regulatory requirements.

This auction represents a unique opportunity to secure a strategically located property poised for significant growth and development. Don’t miss your chance to capitalize on this high-demand commercial space, where convenience, visibility, and infrastructure readiness converge to offer unparalleled potential.

 

AUCTION HELD ONSITE AND ONLINE!

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in individual tracts, any combination of tracts, or as a whole property.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: $75,000.00/ per tract as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2024 ad valorem taxes will be prorated at closing.

SURVEY: The property will be sold by the current plat of division.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

2402 US- 41
Greenbriar, Tennessee 37073
United States