WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
BID ONLINE – APPROVED MULTI-FAMILY DEVELOPMENT LAND
• 28.859 +/- Acres Approved for Multi-Family
• Site is 1.25 Miles from Blue Oval City – Direct Access via Local Roads
• Tract Has Been Annexed into Town of Stanton: ALTA Survey Performed
• Zoned R2, Which Allows for Multifamily Use
• 480 Sewer Taps Have Been Secured with the Town Through a Will Serve Letter
• Sewer Service Is Contiguous to the Tract
• Water, Gas, and Electric Utilities Are Adjacent to the Site
• High Demand Area for Residential Development. SK Begins Production in 2025 and Ford in 2027
• A Full Depth Reclamation Rebuild of SR 179 Along the West Side of the Tract from SH 70 to Exit 47 on I-40 Was Completed in August 2024
• Site Is Generally Level with Slight Slope to the East for Future Detention
• Significant Roadway Improvements Planned for the West Side of Blue Oval City, Including New Exit 39 Interchange on I-40
• Potential New YMCA to Be Built Near Blue Oval Offering Daycare
• Out-of-State Owner Says Must Sell!
• Don’t Miss This Opportunity to Acquire a Project with the Approval for Services Already In-Hand!
Tranzon Asset Advisors, Tim Mast, TN Auctioneer #5252
In Cooperation with Commercial Advisors, Dave Curran
10% Buyer's Premium and other terms apply
Online bidding ends November 14th at 4:00pm CT
Inspection: Drive by anytime
Property Address: 0 Mayhill Road, Stanton, TN 38069
Contact Vance Luksetich at 618-830-9091 or vancel@tranzon.com
