SOLD | $400,000 | Roane State Highway & Brown West Drive | Rockwood, TN 37854

Date: 03/22/2022

Time: 12:00PM (Noon)

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips - #2385 | Phillip Hopper - #6709 | Ronnie Colyer - #1365

Online Only Real Estate Auction
Roane State Highway & Brown West Drive
Rockwood, TN 37854

+/- 16.681 acres of commercial property zoned C-2 offered in 2 tracts

BIDDING BEGINS TO CLOSE:
Tuesday, March 22nd at 12:00PM (NOON)

These properties have historically served as the site of an airport and a manufacturing facility. Sitting immediately adjacent to Roane State Community College - Rockwood Campus and Roane State Agriculture &  Expo Center. Roane State has a student enrollment of over 4,300 full-time students and the Agriculture & Expo Center (prior to Covid) hosts a multitude of events with thousands of guests attending. This property would be suitable for almost any type of commercial or residential development. Located less than 1/2 mile away from the potential revelopment location of Caney Creek Recreation Area.
Possibilities are endless.

1. Brown West Drive & Roane State Highway

Comprised of lots 10, 11 & 12

Lot Size: +/- 13.679 acres

Parcel/Tax IDs: 056  009.01, 056  009.12, 056  009.13, and 056  009.14

Approx. 575.7' of road frontage on Brown West Drive and
50' of road frontage on Roane State Highway

Zoning: C-2

Yearly Property Taxes:
$2,646.24 (total yearly taxes - Roane County and City of Rockwood)

2. Roane State Highway

Comprised of lots 7, 8 & 9

Lot Size: +/- 3.002 acres

Parcel/Tax IDs: 056  009.03, 056  009.04, and 056  009.05

Approx. 300' of road frontage on Roane State Highway

Zoning: C-2

Yearly Property Taxes:
$948.66 (total yearly taxes - Roane County and City of Rockwood)

SALE CONDUCTED IN CONJUNCTION WITH:
Ronnie Colyer Auction & Realty | 423-506-0990

Real Estate Terms:
Powell Auction will email winning bidder  your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing . By bidding you are entering into a binding agreement.

Title One will be conducting the closing.
Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur by April 22nd, 2022.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction. 
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!