BANK FORECLOSURE CHATTANOOGA COMMERCIAL REAL ESTATE AUCTION

Date: 09/09/2016

Time: 12:00 NOON

Location: 609 TUNNEL BOULEVARD, CHATTANOOGA, TN 37411

Office: KNOXVILLE

Agent: KENNY PHILLIPS

Powell Auction & Realty – Power Sports Auctions

BANK FORECLOSURE COMMERCIAL REAL ESTATE AUCTION

609 Tunnel Boulevard

Chattanooga, TN 37411

Friday, September 9th at 12 Noon


Chattanooga Commercial Property

Hamilton County

Zoned C-5

Comprised of 4 office suites (609, 609.5, 610 & 611)

One suite (609.5) is currently leased

Approx. 4897 SF

Tax Appraisal: $86,800

Lot Size: 90.6 x 82.9

Parcel/ Tax ID: 147I J  006

Auction is for the real estate only and does not include the business currently occupying the property. Buyer is purchasing building with tenant in possession.


TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Sale is Subject to Trustees Approval. The balance is to be paid in full at the Trustees deed closing within 20 (TWENTY) days. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. Property to be transferred with a Trustees Deed ONLY. Walt Winchester to conduct closing. Title Opinion, Title Insurance, Document Recording will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes, Fees, HOA dues, both Current & Delinquent.  All Measurements are from Tax records not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract.


DIRECTIONS: I-24 to the Belvoir/ Germantown Road Exit. Take Germantown Road toward Shallowford Road. Germantown will turn into Tunnel Blvd. Property will be on the left right before Shallowford Road.

Important Information

Important Information