Royal Inn Property Goes For 310k At Auction (If Accepted)

Royal Inn Property Goes For 310k At Auction (If Accepted)

LIVE Royal Inn Property Auction! LIVE .After More Than 50 Years. Out with the Old, In with the New. The location on Memorial Blvd in Springfield is some of the most valuable commercial land in Robertson County and is sure to attract some heavy hitters, each with a different vision for the property. Cope & Associates Realty And Auction was chosen to represent the Royal Inn land at auction due to their unique understanding of both commercial and residential real estate in the Robertson County area.

Posted by SmokeyBarn.com's Robertson County Daily on Thursday, December 13, 2018

Royal Inn Property Goes For 310k At Auction (If Accepted)

SPRINGFIELD TENNESSEE: (Smokey Barn News) – The opening bid was $250,000, the final bid was $310,000. The winning bidder was Ronnie Hollingsworth of Hollingsworth Oil.

The deal will become final if the Patel family that owns the property accepts the bid. If not, the property will be back on the market.

A good crowd showed for the auction that was held Thursday afternoon at 2 pm.

Smokey Barn News covered the auction live, a recording of the broadcast has been added above.

UPDATES: As soon as the disposition of the deal becomes final (one way or another) we will update the story here.

Here’s an overview of the property.

1508 Memorial Blvd – Springfield TN
1 ACRE COMMERCIAL LOT
HIGH TRAFFIC COUNT – 2017 AADT 27,848
216‘ on Memorial Blvd – 200’ on 16th Ave

More photos

Listing Agent/Auctioneer: Ed Cope
COPE & Associates Realty and Auction LLC
615-384-7500 | 615-533-9234
www.copeandassociates.com
2213 Memorial Blvd, Springfield, Tennessee 37172 | TNFL 6189

Smokey Barn News (Advertisement)

We bring you ALL the News in and surrounding Robertson County, Tennessee.

Comments

comments