COMERCIAL REAL ESTATE AUCTION

Date: 09/29/2016

Time: 12:00 NOON

Location: 7204 ASHEVILLE HWY., KNOXVILLE, TN 37924

Office: KNOXVILLE

Agent: KENNY PHILLIPS

Powell Auction & Realty – Power Sports Auctions

COMMERCIAL REAL ESTATE AUCTION

Thursday, September 29th at 12 NOON

7204 Asheville Highway

Knoxville, TN 37924


Zoning: C-3
Approx. 2.8 miles
Approx. 9600 SF
Formerly used as a sports bar and grill
Approx. 365 feet of road frontage
Year Built: 1972
Block Construction
Overhead Sprinkler System
Bar Area, Stage, Kitchen, (2) Bathrooms, Office, Large Open Area
Building could be used for multiple uses
AUCTION IS FOR THE REAL ESTATE ONLY – EQUIPMENT AND FURNISHINGS ARE NEGOTIABLE WITH THE SELLER

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 sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. The balance is to be paid in full at the deed closing within 30 days. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. Current taxes will be prorated at the date of closing. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify all information.
Important Information

Important Information