40 acres on Fairview Blvd - PRIME LOCATION
One Family - 70 Years! - Estate Auction
2411 Fairview Blvd - Fairview, TN (Williamson Co.)
This property joins the Walmart parcel (1,800') and
boasts almost 1,400' of frontage on Fairview Blvd!
"Excellent property for development" - this is an understatement.
The property has INCOME PRODUCING assets:
- 48-unit mobile home park generating positive cash flow
- Commercial Center with over 5,500 square feet - fully leased - 0.94 acres / 307' highway frontage.
Major proposed development within site of the subject property.
Many major business in close proximity to subject property...
- Walmart, Taco Bell, Pizza Hut, Dollar Tree, Dollar General, Tractor Supply, Fast Pace,
Restaurants, Pharmacy, Medical / HealthCare Offices, Auto Repair, & Apartments
Many development opportunities including mixed use for this 40 acre location.
ONE FAMILY - 70 Years! - Selling for the N.E. Lampley Estate
This Online Auction event will be unlike any auctions you have observed
in the past. This auction features a unique, large acreage Premium
property at one of the best locations in West Williamson County - Fairview!
This is the GROWTH area of Fairview / Western Williamson County...
New Homes - Apartments - New Commercial - Schools - 840 Interstate
This 40-acre property has served the N.E. Lampley family since 1956
and is being offered for the first time. Bidders will have the opportunity
to bid on the Strip Center, Mobile Home Park, Brick Residence, Small Lots
Large Lots & Parcels, Combinations & the Whole Property!
The BUYERS will sign a Purchase Agreement providing them with a
"Due Diligence Period of 60 Days"
Note: Buyer shall have 60 days after the Purchase Agreement date
to evaluate the property, the feasibility of the transaction, and any
other matter of concern to the Buyer. During the Due Diligence Period,
Buyer shall have the right to terminate the Agreement upon written
notice to Sellers if Buyer determines, based on a reasonable and
good faith evaluation, that it is not desirable to proceed with the
transaction. Buyer will be entitled to a refund of a portion of the
Earnest Money (9% of the 10% earnest money shall be refunded to Buyer).
One percent (1%) of the earnest money shall be retained by the
Auction firm / Sellers.
The bidding is OPEN at this time for the property as a whole,
until the Auction Plat / Proposed Subdivided Smaller Tracts
documents have been completed. Stay Tuned...
Bidding is scheduled to end on Tuesday, January 16th, 2024
Bid-Ending Date is Subject to Change
There is a 10% Buyers Premium added to the Bid to
determine the final purchase amount.
David Hudgins, Auctioneer - Tennessee Lic#4787
PROCEDURE: The property will be offered in multiple tracts, combinations and as a whole - "Multi-Par/Combo". The property consists of 40 acres between Fairview Blvd and Bowie Hollow Road and adjoining the Walmart property (with access). This is a RARE auction opportunity for developers as the TERMS of this auction are exactly as those found in a traditional commercial purchase agreement - Buyer will receive a Due Diligence period following the signing of the purchase agreement. Sample of this purchase agreement will be made available for review.
"Starts to Close at 6:00pm CST" - All online auctions have a posted date and time. The time provided should not be considered a HARD CLOSE. We do not employ a Hard Close; we use a Soft Close method of bidding countdown, for purposes of extended bidding. In this auction, multiple tracts are being offering so the bidding could extend for an hour beyond the 6:00PM CST.
Extended Bidding means the capability of the online auction platform to be programmed to extend the closing time of each lot automatically by a pre-determined time (by 2 minutes for instance) as long as there is still bidding activity until all bids have been placed. “Auto extend” has the same meaning as “extended bidding”. This process is seen quite often during online personal property auctions; we also employ this same process during online real estate auctions.
Why does Hudgins Auctions use “Extended Bidding”… Fairness to all bidders! Essentially, it is a built-in function that adds a time extension after a bid has been placed within the final two minutes of the countdown timer. This extended bidding feature is to ensure that the process is fair for all bidders. A similar process is used in live auctions, where bidding continues as long as participants choose to place additional bids. In our live auctions, we often give fair warning, count down, etc. to allow all bidders opportunity to bid. Should a bid be submitted during this “extended countdown”, the bidding always continues until a last and final bid is achieved. The online bidding format has been designed to emulate the live auction – Fairness to all bidders!
SOLD & NO SALE: This is NOT an Absolute Auction; this is a Reserve Auction. The seller reserves the right to accept or reject the high bid. The BUYER will also have a limited amount of time for their "Due Diligence Period" following the signing of the purchase agreement.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 45 days of the completed "Due Diligence Period".
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. The sellers reserve the right to accept or reject the high bid.
BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer.
CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession will be given at closing - Date of Deed.
TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE.
REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. There are no liens on this property and all taxes are paid current.
EASEMENTS: Sale of said property is subject to any and all easements of record.
SURVEY: A new Survey will be required should the property sell in smaller tracts; If the property sells as a whole, the buyer will close per existing deed.
AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller. Selling in cooperation with broker - Tom Hines (Southern Way Real Estate)
ZONING: Currently, the property is a variety of COMMERCIAL, Residential & Farm. The property is located on Fairview Blvd - 2411 Fairview Blvd & 2440 Fairview Blvd, within the corporate city limits of Fairview, TN. This is approximately 30 minutes west of Nashville, TN in Williamson County.
UTILITIES: Middle Tenn Electric Service; Municipal Water & Sewer, Natural Gas, High Speed Internet
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.
Server & Software Technical Issues: In the event technical issues are experienced that are related to the server, software or any other online auction related technologies, Hudgins Auctions, David Hudgins (Auctioneer) and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. By registering and bidding in this auction each bidder automatically and expressly acknowledges that Hudgins Auctions, David Hudgins (Auctioneer) and the company providing the software shall NOT be responsible or liable for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Hudgins Auctions, David Hudgins (Auctioneer).
