Name 2752 Hwy 91, ELizabethton TN
Auctioneer Russ Swanay Real Estate
Type Online-Only Auction
Date(s) 3/1/2022 - 3/8/2022
03/01/2022 8 A.M. 03/08/2022 6 P.M.
Preview Date/Time 022/11/2022 8 A.M.
Checkout Date/Time 03/08/2022
Location 112 ARMED FORCES DRIVE ON LINE AUCTION EVENT.
ELIZABETHTON, TN 37643
Buyer Premium BP
Description
ONLINE AUCTION EVENT STARTS MONDAY MARCH 1ST AND STARTS CLOSING TUESDAY MARCH 8TH AT 6:00 P.M. 2752 HIGHWAY 19E ELIZABETHTON, TN 37643 NO BUYERS PREMIUM FOR THIS AUCTION!!! Directions: From Elizabethton, take Hwy 19E towards Bristol, property is on the left. 11.1 + or - ACRES PRIME COMMERCIAL ACREAGE FOR DEVELOPMENT LOCATED NEAR THE INTERSECTION OF TWO MAJOR HIGHWAYS Auctioneers note: This 11.1 acres of property is located near the intersection of Highway 91 and Highway 19E with excellent level frontage on Highway 19E. Prime location for development. Maximum exposure at this extremely busy intersection with recorded average traffic counts for the year 2020 of 18,105 vehicles per day on Highway 19E and 13,486 vehicles per day on Highway 91. No acreage of this size is available for purchase in our area offering such a myriad of potential uses. And, the location, just outside of the City Limits, with exposure from two major transportation arteries is seldom ever available for purchase. The land is predominately level with level road frontage and easy egress and ingress from Highway 19E Maximum visibility from both Highways with views of the city and of the surrounding mountains. Zoning is A-1 which permits the following uses: Houses, Apartments, Home Businesses, Small Manufacturing, Small Businesses, Multi-family Units and Mobile Homes The Small Business zoning category will encompass numerous and various possible type business uses. Public utility water is available. This is a rare opportunity for investors to purchase a large tract of acreage for development in an unparalleled location. Terms: 10% non-refundable down payment of the Contract Purchase Price in the form of a good check or cash due at contract signing. Closing to take place within 30 days of contract signing. Sell is not contingent upon the buyer obtaining financing. BEST WAY TO BID ONLINE: Place your maximum bid with confidence! Our easy and trusted bidding system ensures you get the best prices. Your bid stays at the lowest price required to keep you in the lead, and increases only if another bidder places a competing bid. In the event the bidding surpasses your maximum bid you will be notified prior to auction close with the option to adjust your bid. Bid with Confidence! Bid with confidence as you are the only person with visibility to see your maximum bid! With our secure auction platform, we can only see the current bid price! For online bidding visit: www.swanayproperties.com For more information contact RUSS SWANAY REAL ESTATE 112 SOUTH ARMED FORCES DRIVE ELIZABETHTON, TN 37643 PHONE (423)543-5741 AUCTIONEER: DAVID COLLINS P.A.L. # 4465 Russ Swanay Real Estate The Tri Cities most innovative auction firm. Voted best Real Estate, Auction Firm, Auctioneer and Realtors by Readers Choice awards.
Auction Terms & Conditions Terms: 10% non-refundable down payment of the Contract Purchase Price in the form of good check or cash due at contract signing. Closing to take place within 30 days of contract signing. Sale is not contingent upon the buyer obtaining financing. Seller will furnish deed, buyer will pay any other title exspenses. AUCTION TERMS AND CONDITION FOR REAL PROPERTY AUCTION AUCTION BEGINS ON MARCH 1 @ 8:00 A.M. AND BEGINS CLOSING ON MARCH 8TH AT 6:00 P.M. 124 TOWER ROAD, ROAN MOUNTAIN, TN 37687 FURTHER DESCRIBED AS PART OF PARCEL ID 035 077.01 10% DOWN WITHIN 24 HOURS AFTER AUCTION CLOSING, SUCCESSFUL BIDDER TO IMMEDIATELY SIGN PURCHASE CONTRACT. EARNEST MONEY DEPOSIT WILL BE FORFEITED IF BUYER DEFAULTS ON THE CONTRACT. THE SELLER OR AUCTIONEER WILL NOT BE RESPONSIBLE FOR ARRANGING ANY FINANCING. PLEASE MAKE SURE YOU HAVE THE NECESSARY RESOURCES BEFORE BIDDING. 2022 PROPERTY TAXES WILL BE PRORATED. TAXES MAY BE HELD IN THE AUCTION COMPANIES ESCROW ACCOUNT UNTIL THEY CAN BE ASSESSED BY THE COUNTY TAX ASSESSOR. SUBJECT TO ANY EXISTING EASEMENTS, CLAIMS OF EASEMENT OR RESTRICTIONS, ZONINGS, RIGHT OF WAYS OR ANY OTHER MATTERS NOT OF RECORD. INCLUDING ALL ROAD, WATER, SEWER AND POWER LINE EASEMENTS IF ANY. OWNER OR RUSS SWANAY REAL ESTATE OR AUCTIONEER WILL NOT BE HELD LIABLE FOR ANY PRESENT OR PAST ENVIRONMENTAL HAZARDS, SINKHOLES, OR ANY OTHER MATTERS THAT MAY AFFECT THE MARKETABILITY OF THE PROPERTY. IMPROVEMENTS WERE BUILT BEFORE 1978. LEAD BASED PAINT INSPECTION MAY BE PERFORMED BY THE BUYER, HOWEVER, THIS IS NOT A CONTINGENCY FOR CLOSING AND THE SELLER WILL NOT CURE IF LEAD PAINT IS FOUND. N/A THERE IS NO WARRANTY, EITHER WRITTEN OR IMPLIED ALL IMPROVEMENTS ARE BEING “SOLD AS IS.” IT IS THE BUYERS RESPONSIBILITY TO PAY FOR THEIR OWN TITLE OPINION, RECORDING FEES, CLOSING AND ATTORNEY FEES. AUCTIONEER RESERVES THE RIGHT TO REJECT ANY BID CONSIDERED TO NOT BE IN THE BEST INTEREST OF THE SALE. PROPERTY IS OFFERED WITH A RESERVE. PROPERTY IS BEING OFFERED AS A WHOLE. THE AUCTIONEER NOR THE OWNER, WILL NOT BE HELD LIABLE FOR ANY ACCIDENTS THAT MAY OCCUR ON THE PREMISES. ANNOUNCEMENTS MADE SALE DAY TAKE PRECEDENCE OVER ALL OTHER PREVIOUS ADVERTISEMENT. P.A.L. # 4465 --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 100.00 USD
1,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium BP
Payment Terms
Auction company will contact the successful bidder directly after the auction for payment options. Down payment must be received in full within 24 hours of auction ending. A minimum of $20,000.00 by check or wired funds must be submitted before you will be approved for bidding.