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Absolute Auction Commercial Property
Absolute Auction Commercial Property

Absolute Auction Commercial Property

Saturday, June 22, 2019  |  10:30 AM Eastern
Auction closed.
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Description

This is the largest tract of Commercial property in the City Limits of Rogersville, All utilities available, frontage on E. Main St & Burem Rd.
OVER 27 ACRES
Catalog Terms of sale
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Order of Sale

Lot # 0 (Sale Order: 1 of 13)      

For information on each Tract please visit www.furrow.com. Round 1 1. Tract 3 – Hotel/House w/2.75 Acres will be offered. Bidding will be by the tract. 2. Tract 2 – Brick House w/1.01 acres will be offered. Bidding will be by the tract. 3. Tract 5 – House w/1.13 Acres will be offered. Bidding will be by the tract. 4. Tract 4 – Shop Building w/0.46 Acres will be offered. Bidding will be by the tract. 5. Tract 6 – 7.66 Acres will be offered. Bidding by the tract. 6. Tract 1 – 6.90 Acres will be offered. Bidding by the tract. 7. Tract 7 – 7.87 Acres will be offered. Bidding by the tract. All Bidding is sold subject to “grouping”. Round 2 **Rules of Grouping – In order to group tracts, they must adjoin each other by 50 feet. You cannot “break up” a bidder who already owns adjoining tracts. Example: If bidder #1 purchased tracts 3 and 4 in the first round, and you wanted to group tract 4 and 5 you would also have to include tract 3 in the grouping since bidder #1 purchased those in the first round and they adjoin each other. You are not allowed to break-up a bidders adjoining tracts. 1. The auctioneer will offer grouping of tracts requested by the audience based on the above rules, beginning with the fewest number of tracts first or smallest dollar increment. If there is a request to group a tract in two separate grouping scenarios the grouping which represents the highest dollar amount and the fewest number of tracts will be grouped first. 2. The cost to group is arrived at by adding the price each tract brought in the first round and then adding 10% to the total. (ex. Group tracts 3 and 4. – First round price Tract 3 – $50,000 Tract 4 - $50,000. To group would cost $110,000) 3. Anyone is allowed to group tracts, you did not have to bid in the first round in order to group tracts. 4. Once a grouping has been activated anyone may bid on that group. 5. Any tracts that are grouped in this round may be re-grouped according to the same principals. Any dollar raises made by grouping will affect re-grouping prices. Round 3 1. At this point we will entertain anyone who requests to have all the tracts grouped together as a whole. 2. The cost to do so will be determined by previous round sale prices plus adding 10%. 3. Anyone may be allowed to group as a whole, you did not have to bid previously to participate. 4. If no one wants to participate in this round then the auction will be confirmed as sold in Rounds 1 & 2.

For information on each Tract please visit www.furrow.com. Round 1 1. Tract 3 – Hotel/House w/2.75 Acres will be offered. Bidding will be by the tract. 2. Tract 2 – ...moreBrick House w/1.01 acres will be offered. Bidding will be by the tract. 3. Tract 5 – House w/1.13 Acres will be offered. Bidding will be by the tract. 4. Tract 4 – Shop Building w/0.46 Acres will be offered. Bidding will be by the tract. 5. Tract 6 – 7.66 Acres will be offered. Bidding by the tract. 6. Tract 1 – 6.90 Acres will be offered. Bidding by the tract. 7. Tract 7 – 7.87 Acres will be offered. Bidding by the tract. All Bidding is sold subject to “grouping”. Round 2 **Rules of Grouping – In order to group tracts, they must adjoin each other by 50 feet. You cannot “break up” a bidder who already owns adjoining tracts. Example: If bidder #1 purchased tracts 3 and 4 in the first round, and you wanted to group tract 4 and 5 you would also have to include tract 3 in the grouping since bidder #1 purchased those in the first round and they adjoin each other. You are not allowed to break-up a bidders adjoining tracts. 1. The auctioneer will offer grouping of tracts requested by the audience based on the above rules, beginning with the fewest number of tracts first or smallest dollar increment. If there is a request to group a tract in two separate grouping scenarios the grouping which represents the highest dollar amount and the fewest number of tracts will be grouped first. 2. The cost to group is arrived at by adding the price each tract brought in the first round and then adding 10% to the total. (ex. Group tracts 3 and 4. – First round price Tract 3 – $50,000 Tract 4 - $50,000. To group would cost $110,000) 3. Anyone is allowed to group tracts, you did not have to bid in the first round in order to group tracts. 4. Once a grouping has been activated anyone may bid on that group. 5. Any tracts that are grouped in this round may be re-grouped according to the same principals. Any dollar raises made by grouping will affect re-grouping prices. Round 3 1. At this point we will entertain anyone who requests to have all the tracts grouped together as a whole. 2. The cost to do so will be determined by previous round sale prices plus adding 10%. 3. Anyone may be allowed to group as a whole, you did not have to bid previously to participate. 4. If no one wants to participate in this round then the auction will be confirmed as sold in Rounds 1 & 2.

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Tract 3 - Hotel/House

Lot # 1 (Sale Order: 2 of 13)      

with 2.75 acres. Bidding by the tract.

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Tract 2 - Brick Home

Lot # 2 (Sale Order: 3 of 13)      

with 1.01 Acres - Bidding by the Tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 5 - House with 1.13 Acres

Lot # 3 (Sale Order: 4 of 13)      

Bidding by the Tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 4 - Shop Building

Lot # 4 (Sale Order: 5 of 13)      

with 0.46 acres. Bidding by the Tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 6 - 7.66 Acres of unimproved

Lot # 5 (Sale Order: 6 of 13)      

Land. Bidding by the tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 1 - 6.90 Acres unimproved

Lot # 6 (Sale Order: 7 of 13)      

land. Bidding by the Tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 7 - 7.87 Acres unimproved

Lot # 7 (Sale Order: 8 of 13)      

Land. Bidding by the Tract

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Round 2 Grouping

Lot # 8 (Sale Order: 9 of 13)      

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Round 2 Grouping

Lot # 9 (Sale Order: 10 of 13)      

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Round 2 Grouping

Lot # 10 (Sale Order: 11 of 13)      

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Round 2 Grouping

Lot # 11 (Sale Order: 12 of 13)      

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Round 3 Grouping

Lot # 12 (Sale Order: 13 of 13)      

To be purchased as a whole - Tracts 1 - 7

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED
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