ESTATE SETTLEMENT AUCTION!

Location of Property:                                N/W corner of Getwell and Holmes

                                                                                Memphis, Tn 38118

How it will be SOLD:

1)      A 5.99+/- acre tract (containing a 2.64+/- acre zoned Industrial piece) will be sold subject to Davenport heirs’ confirmation

2)      A home and 10+/- acres located on Holmes Road will be sold Absolute

3)      A 10+/- acre tract located at the N/W corner of Getwell and Holmes will sell subject to Davenport heirs’ confirmation

4)      ALL OTHER TRACTS HAVE BEEN ORDERED SOLD BY THE

DAVENPORT HEIRS AT ABSOLUTE AUCTION.  NO MINIMUM AND NO RESERVE.  SELLS REGARDLESS OF PRICE!

PERTINENT INFORMATION:

Parcel Nos           Acreage        Zoning           Improvements   Address

09410000081C  164.3+/-ac.     Ag             2106+/- sq.ft.     3670 Holmes                                                                            home

09410000142   .9060+/- ac.     Com.                   N/A

09410000082    2.64+/- ac.      Industrial          Office Bldg.      4867 Getwell

Location Highlights

1.5+/- miles from Memphis International Airport

Less than 1 mile from ADESA Auto Auction

Less than 1 mile from IRS Regional Service Center

About 3.5 miles from I-55

About 4.5 miles from I-240

Previous Appraisal on 160.95+/- acres of the 164.3+/- acre tract                      = $2,400,000

Previous Appraisal on 5.99+/- acre tract located at 4867 Getwell                          $  287,000

No appraisal available  on .9060+/- acre tract                                        

No appraisal available on the 3.35+/- acre tract included in 164.3+/- acre tract                        

Flood Zone Info:  According to Flood Hazards Map 47157C0275E, small areas in the East Central portion and the Northeast portion along Ten Mile Creek are located in a Flood Hazard area.  See map.

All Public Utilities are available to the property

Major Easements:         1.  A Tennessee Valley Authority (TVA) power transmission line bisects the property from N/E to S/W generally along the        

course of the Ten Mile Creek 2.      An underground gas pipeline and a sewer pipeline follow a similar course just north of the TVA easement

EPA—According to information found at EPA.gov, there is no indication of environmental non-compliances on the site.  The 5.99+/- acre tract at one time housed a ready mix concrete operation owned by Lone Star Industries.

Go to RoebuckAuctions.com to download the Property Information Package.