ABSOLUTE COMMERCIAL REAL ESTATE AUCTION

509 S Gateway Avenue Rockwood, TN 37854

Thursday, April 13th at 12:00PM

Live Onsite Bidding

Formerly Scandlyn Lumber Company

2 parcels selling together (Parcel: 064CA022 – 3.9 acres and 064CA021 – 1.4  acres)

Zoned C2 – Commercial General Business

5.3 acres fronting 4-lane Hwy 27

Great road visibility

Railroad track located to the north of the property

Several free standing buildings

Parking is asphalt and gravel

Building #1:  Main building was used as office, showroom and some warehousing

150′ x 60′ (9000 sf)

Enclosed building on concrete slab

Building #2: 36′ x 72′ (2592 sf)

Building #3: 90′ x 66′ (5490 sf)

Building #4: 48′ x 24′ (1152 sf)

Building #5: 48′ x 36′ (1728 sf)

Lumber sheds with open sides and concrete slab

Building #6: 90′ x 20′ (1800 sf)

Building #7: 175′ x 12′ (2100 sf)

Open Sheds

Building #8: 72′ x 83′ (2736 sf)

Building #9: 120′ x 38′ (4560 sf)

Building #10: 50′ x 15′ (750 sf)

Property Taxes: Parcel 064ca021 – $168.72   Parcel 064ca022 – $2,927.29

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. TITLE ONE, INC to Conduct the Closing. Current taxes will be prorated at the the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance ,recording fees and any needed surveying. 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.