3056 Old Salem Road
Prime Development Property - 196 Acres
Marketing description
196± Acres Offered as a Whole
Offered for sale at Auction on June 11 at 12:00 Noon
Auction Location: Stones River Country Club 1830 NW Broad St, Murfreesboro, TN 37129
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 held at Stones River Country Club 1830 NW Broad St, Murfreesboro, TN 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.
CONTACT:
STAN VAUGHT Lic #4258
615-456-4600 E-mail Stan
CHANDLER VAUGHT Lic #7209
615-663-6252 E-mail Chandler
Investment highlights
• 196 Acres
• Offered as a whole
• Located in the middle of one of the hottest growth corridors
• No State Income Tax
• Road Frontage on Hwy 99 (four lane hwy) and Old Salem Pike
• Property lends itself to a variety of uses
• Access to City Sewer
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