Memphis Area/North MS Commercial Land – Bidding Opportunity

ONLINE REAL ESTATE AUCTION

Horn Lake, MS

Property #: TAA2025

Auction Date & Time:
Bidding ends September 30th at 2:00pm CT

Preview Date & Time:
Drive by anytime

Property Location:
6800 Hurt Rd,
Horn Lake, MS 38637

Auction Location:
www.tranzon.com6800

· 8.55 +/- Acres of Prime Development Land
· Zoned Commercial
· Adjacent to Wal-Mart and Numerous Other Retail and Commercial Businesses
· Just south of Goodman Road/Hwy 302
· 1 Mile West of Hwy 51
· Just 2 Miles from I-55
· Excellent Accessibility from I-55, Hwy 51 & Goodman Rd.
· Minimal Elevation Changes - Convenient for Development
· All Utilities available
· One of the Few Undeveloped Properties in the Area
· Excellent Interstate Access
· Offered At Online Only Auction!
· Don’t Miss this Fantastic Opportunity to Acquire an Excellent Development Property in the Hot North MS Market!

See the Aerial Video at https://youtu.be/Yi6NHgdljDI

Tranzon Asset Advisors, Tim Mast, MS Firm, Auctioneer & Broker #1087. In Cooperation with Commercial Advisors, Mark Jenkins
For more information, please call 888-791-7307 ext. 83.
10% Buyers Premium and other terms apply

MISSOURI CROPLAND AUCTION * ONLINE BIDDING ONLY

Row Crop Farm * Fertile River Bottom Land
Offered In (2) Tracts * Road Frontage * Level Fields
Ray County, Missouri Farmland Auction

ONLINE BIDDING CLOSES: Wednesday, Sept. 30th, 2020 at 6:00 PM (CST)



REGISTER & BID ONLINE: Go to www.BidHeritage.com and register online. All bidding is conducted online only and registration can take up to 24 hours, so please register before the last day.



PROPERTY LOCATION: From Camden, Missouri go 2 miles South on Camden Rd, and then turn East on Sunshine Road and go 2.5 miles to the northeast corner of the farm. (Watch for auction signs.)



LEGAL DESCRIPTION: A 125+/- acre tract of land located in the SW/4 of Section 6-50N-27W together with a small tract in the Southeast Corner of the SE/4 of Section 1-50N-28W, all in Ray County, Missouri. (Full legal description TBD by Title Company).



MAP LINK: https://uc.mapright.com/ranching/maps/6bbbd8b1cad0d4d52464d3708ef1f452/share



ORDER OF AUCTION: According to Ray County the farm is 125+/- acres, and it is offered in two individual tracts. This allows a buyer an opportunity to purchase one tract or both tracts (entire farm).

TRACT #1: consists of 45+/- acres of row crop land with road frontage on the north and east sides.

TRACT #2: consists of 80+/- of row crop land with road frontage on the east and south sides.



PROPERTY PREVIEW DATES: The auction company will be onsite at the farm on the following dates to answer any questions. The property can be previewed by scheduling an appointment, contact the auction company at (877) 318-0438. Property previews are encouraged prior to placing a bid in the auction. There are crops in the ground currently.

Preview Dates:

Wednesday, Sept 9th from 5-6pm

Wednesday, Sept 23rd from 5-6pm



GENERAL DESCRIPTION: This high quality farm is located in the desirable Missouri River bottoms just South of Sunshine Lake, in Ray County. The farm is comprised of fertile and very level river bottom row cropland. This area is well known for high production yields which make this a great option to expand existing farming operations or for an investor wanting to add more acres to their portfolio. Currently in late season beans, drive by and take a look.

FSA INFORMATION: According to the Ray County, Missouri Farm Services Agency, there are 125.68 cropland acres with the following base acres and yields.

(Wheat) 35.90 base acres and 50 bushel yield

(Soybeans) 32.70 base acres and 37 bushel yield

(Corn) 56.50 base acres and 135 bushel yield.



SOIL TYPES: The principal soil types are as follows:

Modale Silt Loam, 0-2% slopes, class 3w

Waldron Silty Clay Loam, 0-2% slopes, class 3w

Leta Silty Clay, 0-2% slopes, class 2w

Haynie Silty Loam, 0-2% slopes, class 2w

Gilliam Silt Loam, 0-2% slopes, class 2w

SURVEY: In the event the property tracts are sold to two separate (different) buyers, the cost of survey will be split between the seller (50%) and buyers (25% each). If the same person or entity buys both tracts, no survey will be provided or needed to transfer ownership.

POSSESSION: Possession of the property will be given upon payment in full of the purchase price and transfer of title at closing, subject to the existing agricultural lease, as follows:

Possession of the farm will be given upon completion of harvest of the 2020 soybean crop.

TAXES: The general taxes for 2019 were $735.

MINERALS: Mineral rights are not being reserved and shall transfer with the surface, to the Buyer.

PERSONAL PROPERTY: No personal property is being transferred with the property.

AUCTIONEERS NOTE: This farm has been in the same family for many years and is now being made available to you. The farm will offer the new owners an excellent row crop investment opportunity or the expansion of your current operation. Don’t miss this opportunity to purchase a very nice Ray County farm.