REAL ESTATE AUCTION
Estate of Patricia Jenkins
Approx. 5 Acre Income Producing Industrial Property
5105 E Morris Blvd. (at the intersection of Larry Baker Dr.), Morristown, TN 37813
SALE 2
AUCTION DATE/TIME: Friday, November 16th at 11:00am
Auction to Conducted On-Site
INSPECTION DATE/TIMES: Property Can Be Viewed At Any Time
PROPERTY DETAILS: Approx. 5 Acre Income Producing Industrial Property
- Approx. 5 Acres (two tax parcels: 026 087.33 & 026 088.01)
- Currently Leased by MDS (Morristown Drivers Services, Inc.) for $2000.00 per month
- Over 600 Feet Frontage on E Morris Blvd. & Over 300 Feet Frontage on Larry Baker Drive
- Fully Fenced, Level and Graveled Corner Location
- Great Investment Opportunity!
- Convenient to I-81
TN License #62
PAYMENT TERMS
- 10% Buyers Premium. The successful bidders will deposit 10% of the purchase price (earnest money) 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.
UTILITIES
- Electricity: Available
- Water: Available
- Sewer: N/A
- Gas: Available
ESTIMATED REAL ESTATE TAXES
- $1,467.31 (Hamblen County), $1,000.44 (City of Morristown)
- *Current year taxes will be pro-rated at closing.*
- *Back/Delinquent taxes (if applicable) will be paid by seller.*
ZONING
HI, Heavy Industrial (City of Morristown)
PROPERTY DOCUMENTS
- Aerial Image (5105 E Morris Blvd., 2.07 Acres, 026 087.00)
- Aerial Image (E Morris Blvd., 3.01 Acres, 026 088.01)
- Documentation of States ROW Acquisition on Western Edge of Property
- Expense Summary
- HI Zoning Ordinance (City of Morristown)
- Title Commitment 5105 E Morris Blvd.
- Most Current Lease
- Plat of Record (E Morris Blvd., 3.01 Acres, 026 088.01)
- Tax Map (5105 E Morris Blvd., 2.07 Acres, 026 087.00)
- Tax Map (E Morris Blvd., 3.01 Acres, 026 088.01)
- Utility Map
- Zoning Map (City of Morristown)
DIRECTIONS
From intersection of 25E and E Morris Blvd., Take E Morris Blvd. east approx. 2.2 miles to property on left.
