Commercial Building Etowah Tn

Date: 10/15/2020

Time: 12 Noon

Location: Online Only Bidding

Office: Knoxville

Agent: Kenny Phillips # 2385

Online Only Bidding

 Commercial Building

Historic Etowah Tennessee

804 Tennessee Ave 

 Bidding Closing October 15 12 Noon

(Soft Closing)

 Approx 4350 square feet 

 Retail store Front, Banquet Area, Endless possibilities 

 2 Story Building second floor renovation started

 Previous owner installed new HVAC front and Back

Sprinkler Throughout updated electrical

 Separate entrance for second floor

804 Tennessee Ave 

McMinn County Parcel Id 118BG078.00

Property Taxes 916.79

 Open House  Monday Oct 12 1-4 Pm

Etowah was founded in 1906, primarily as a location for a depot on the Louisville & Nashville Railroad (L&N) line as part of a more direct route between Atlanta and Cincinnati. The etymology of the town name is unclear, but local folklore states that a train crew brought a sign reading “Etowah” from the Etowah River, and the name stuck. The word Etowah comes from the Muskogee/Creek word italwa meaning “town.”

 Etowah History 

Auction In conjunction with

  Ronnie Colyer Auction & Realty 1-423-334-5340

TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions, and any other documents needed 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 contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. Reliance Title of TN will conduct the closing.  Current taxes will be prorated at the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. 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 and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding.Final bid is subject to conformation and acceptance of owner 
ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize  yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. 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. 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. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.

Soft Closing : The Auctioneer’s online auctions are designed to mimic traditional “live” auction. For this reason, The Soft close will allow extended bidding until no bids are placed for one minute. 10% Buyers Premium is added to all bids to establish total purchase price. If a bid is placed within last two minutes additional minute will be added to ensure everyone gets time to place their bid.

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