AUCTION ID #: 422861 Bookmark and Share
Dept. of Treasury: Commercial Building in Trenton, Tennessee
Item 422861  
Winning Bid: USD $34,500
Number of Bids: 12
Winner: leftylouie
Reserve: Met
Status: Sold
Auction Started: 10-13-09    08:00 AM ET
Auction Closed: 10-15-09    03:16 PM ET
Asset Details
Seller Information
      
Seller Name: DOT
Rating: Not Applicable
Location: Trenton, TN    38382
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Bid Increment: $1,000
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $12,000
Auction Type: Regular Auction
Source: Government
Deposit Required:
$2,000  see instructions
Overtime Period: 5 min
Page Views:
Asset was Sold
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Asset Description
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101 West Court Square, Trenton, Tennessee 38382

2,901 ± sq. ft. one-level brick storefront building in the Court House Square business district with on-street parking. Previously a floral shop, the building contains a showroom area in the front, storage, and 2 half baths. There are 2 rental bays with concrete floors in the rear. The property sits on a corner and has 43 ± feet of frontage along West Court Square and 67 ± feet along Eaton Street/Hwy 104. The building has a mansard roof with a 5 ft. overhang. Trenton is approx. 100 miles from Memphis, TN.

  • Utilities: Electricity, Water, Sewer
  • Parcel No: 107D-S-8.01
  • 2008 Annual County Taxes: $705.00 ±
  • 2008 Annual City Taxes: $428.00 ±
  • Zoning: B-3/Central Business District
  • Age: 30 years
  • Total Improved Area: 2,901 ± sq. ft.
  • Total Site Area: 2,901 ± sq. ft.
  • County: Gibson


  • Maps & Area Information

    Additional Details
    For more information about this asset including photos, specs and more (when available), click here.
    Bidding Requirements
    To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller.

    Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions.

    To find out more about the BidDeposit requirement, click here.
    Additional Terms of Service
    This property is offered for sale by Secret Service. Clear title will be conveyed via a Government deed. Liens and/or encumbrances will be paid by the Government. Title insurance is available at Buyer's expense. Before placing a bid, you are required to read and agree to comply with the Department of the Treasury Terms and Conditions of Sale. By submitting a bid, you acknowledge full understanding of the Terms and agree to be bound by them. Therefore, you are cautioned to carefully read all applicable terms and conditions. Terms and Conditions of Sale can be downloaded here. Deposit of $2,000 required. Settlement Terms: certified/cashier's check or wire transfer.
    Inspection Details
  • Open House: Wednesday, October 7, 1:00-4:00 p.m.
  • Directions to sale property: From Memphis take I-40 E toward Nashville for approx. 70 miles. Take exit 80B for US-45 Byp toward Humboldt. Merge onto Hwy-45 Byp/TN-186/US-45 and follow for 10 miles. Continue on E Main St/TN-5/US-45W for 4.6 miles. Turn Right at N Central Ave/TN-5/US-45W and follow US-45W for 10.2 miles. Turn Right at S Court Square/TN-104. Turn Left at E Court Square/TN-104.Turn Left at N Court Square/TN-104. Turn Left at W Court Square/TN-104.
  • Settlement Requirements
    Payment Type
    • Certified/Cashier's Check
    • Wire Transfer
    • To bid on this auction, all bidders are required to submit a BidDeposit of $2,000.

      The placement of a successful bid at a Department of the Treasury online auction establishes a legally binding contract between the successful bidder and the Government and is subject to final acceptance by the Government. Once the successful high bid is established a final written sales contract will be prepared to include the individual information of the high bidder along with the high bid amount. A contract may also be conditionally established with the recognized back-up bidder for execution if the high bidder defaults for any reason or is rejected by the Government.

      At the conclusion of bidding, an e-mail will be sent to the successful bidder confirming the bid amount. The successful bidder must acknowledge receipt of notice and supply information requested to validate the bid acceptance within 24 hours of the time the notice was sent. This acknowledgement confirms the price offered by the bidder and is subject to final acceptance by the Government. A contract document will be sent to the successful bidder for signature. The contract must be returned to EG&G Technical Services within 48 hours of receipt. At this time the contract will be presented to the Government and is subject to their final acceptance. The Government may withdraw the property at any time before the sales contract is accepted. During this process the successful bidder may not withdraw their bid at any time. Unilateral conditions asserted by any bidder will not be accepted.

      The high bidder shall deliver ten percent (10%) of the Purchase Price less the initial money deposit, whichever is greater, to EG&G Technical Services by cashier's/certified check, payable to EG&G Tech Srvcs or by bank wire transfer. Within three business days, should the high bidder fail to deliver the earnest money, Seller shall have all rights and remedies provided in the Terms of Sale, including the right to retain the initial money deposit and any other deposits or payments made by the high bidder as liquidated damages.

      The successful bidder's deposit(s) will be retained as the initial payment for the property. Personal or business checks, bank letters, or letters of credit will not be accepted. Cashier's checks made payable to the bidder's name CANNOT be accepted.

      The bidder who placed the bid accepted by the Government, is legally bound to pay for property awarded to him/her in accordance with the successful bid. Payment of the full purchase price must be made within the time specified on the auction site.

      Closing will be held within 30 calendar days of the date the Government signs the sales contract accepting the buyer's offer. Closing may be held sooner, with mutual agreement of the buyer and seller. Only the Government may, at its discretion, exceed closing beyond 30 calendar days.

      If the successful bidder does not perform, the bidder will forfeit the $2,000 Deposit to the Department of the Treasury. Closing costs, without limitation, transfer taxes, documentary stamps, recording fees, and escrow fees will be paid by the Buyer and the Government in accordance with the customs of the county in which the property is located. The successful bidder is required to use the Government closing agent of choice.