city-of-newport-resolution-2024-12-11_f4e.pdf
Coggeshall School Property Sold to BCM Realty Partners, LLC
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Description
The City of Newport has approved a real estate purchase and sale agreement for the former Coggeshall School property with BCM Realty Partners, LLC for $1,000,000. The deal requires workforce housing use and prohibits use as transient lodging for less than nine months.
Contract Details
Contract Amount
$1,000,000
Vendor
BCM REALTY PARTNERS LLC
Agency
City of Newport, TN
Contract Type
OTHER
Document Date
December 11, 2024
Contract Term
Closing to take place within 240 days of agreement execution
Renewal Info
No mention of renewal; single real estate transaction with up to 240 days to close.
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