Auction Information

Attention Investors: 196 Acres Offered as a Whole

Thu Jun 11 - 12:00PM


3056 Old Salem Road, Murfreesboro, TN Click to Map


Parks Auction Co.

Auctioneer ID#: 8062

Phone: 615-896-4600

License: 00237399

Land Auction

 196± Acres Offered as a Whole

Attention Land Investors, Developers, Home Builders, and Institutional Investors

Invest in land, this great American asset sits at the intersection of real estate, agriculture, and speculation.

“Under All is the Land”

This Century Farm is sitting in the middle of one of the “Hottest Corridors” in one of the “Hottest Cities”, just off I-24 near Veterans Parkway in one of the “Hottest States” with NO STATE INCOME TAX. Be with us Thursday, June 11th at 12:00 Noon.

Auction will be at Stones River Country Club 1830 NW Broad St, Murfreesboro, TN held 37129

The farm will first be presented as a whole of 196± acres with a Reserve Price of $155,000 per acre.
If no bids are received in a reasonable amount of time, the farm will then be offered in the 4 designated tracts. Each tract will be offered individually with NO BUYER’S CHOICE, by the acre, and will follow this format until all tracts have been auctioned. No reserve will be set on individual tracts, HOWEVER, the sum of the high bids on all four tracts must average atleast $165,000 per acre, or none of the bids will be accepted.

NO REGROUPING

Originally part of a Revolutionary War grant, this Century Farm has been in the same family for over 200 years. It consists mainly of Harpeth, Cumberland, Lomond, Arrington & Bradyville soils and has been in a high state of cultivation for years.  

Currently zoned Residential/Agriculture under Rutherford County regulations, this property is located adjacent to the Murfreesboro city limits and currently has access to city sewer. There is road frontage on both Highway 99 (four lane highway) and Old Salem Pike. Property lends itself to a variety of potential uses.
Please conduct your feasibility studies prior to the auction.

AUCTIONEERS:
STAN VAUGHT Lic #4258 615-456-4600 
CHANDLER VAUGHT Lic #7209 615-663-6252 

TERMS: 10% down day of sale, balance due in 30 days. 10% Buyer’s Premium added to bid to determine final sale price.

TAXES: Prorated  POSSESSION: With Deed

ALL ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PREVIOUS ADVERTISING. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.

 

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