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ABSOLUTE REAL
ESTATE AUCTION

To Be Sold To The Highest Bidder
Without Minimum or Reservation
Approx 156 Acres Subdivided Into Tracts
Sat
Nov 19th, 2005 – 10:30 AM

Excellent Location – Investment Opportunity – The Future

Approved plans are in place for a new interstate exchange near this property

Situated near I-40/Clinch River/ And joins Roane Regional Business & Technology Park

Half way between Kingston and Lenoir City and behind the new HT Hackney Plant

Less than 8 miles from I-40/I-75 split

To Be Offered Separately and as a Whole

Pawnook and Blackburn Road, Roane County, TN 

 

Click here to view New I-40 Interchange Drawing #1
Click here to view New I-40 Interchange Drawing #2
Click here to view New I-40 Interchange Drawing #3
Click here to view the Preliminary Survey
 

Zoned: I-1 Light Industrial District

Taxes: County - $3,187.00 

Utilities Available: Water/Sewer - Provided by Watts Bar Utility Company. According to Mickey Barger with Watts Bar Utility, the closest available water and sewer would be approximately 1/4 to 1/5 mile from the property. The water and sewer stop on Pawnhook Farm Road at the creek. The water line is an 8" line and according to Mickey Barger, the approximate cost to extend would be $12/ft. The sewer line would have to be a forced main line extension and the approximate cost to extend a 6" line would be $10/ft. Electric - Provided by Lenoir City Utilities Board. According to Jay Hines with LCUB, there is single phase power down Pawnhook Farm Road and Blackburn Road along the property. Typically line extensions are done on a case by case basis. He stated that usually to extend to a permanent resident the first 3-4 poles are free with an average span of 250' between poles. Any pole extension over 5 poles results in a 5 year minimum bill contract that is worked out between the owner and LCUB. Underground can be extended at an approximate cost of $700 - $800 for up to 1,500 feet.

Terms: 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due today 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.  CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

Directions: From I-40 Exit 360 (Buttermilk Road Exit) Travel South on Buttermilk Road 1.3 miles to interstate overpass continue straight, road becomes Blackburn. Travel 5/10 mile to Blackburn property access.  To Access Property on Pawnhook Road:  From Interstate overpass at Blackburn road turn right onto Buttermilk Road and into Roane Regional Business & Technology Park in front of HT Hackney. Travel 1.2 miles and turn left onto Sam Rayburn Parkway.  Travel 5/10 mile on Sam Rayburn Parkway and turn left onto Pawnhook Road.  Travel 7/10 mile to property on left. 

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  Furrow Auction Company  (800) 438-7769  TN Lic. #62