ONLINE ONLY REAL ESTATE AUCTION

7000+/- SF Building in Downtown Lenoir City

Prime Commercial Space in Downtown Lenoir City

7,000+/- SF Building with Endless Potential

Built in 1913 and once home to Hall Motor Company in the 1960s, this exceptional commercial property offers 5,000 SF of showroom space plus 2,000 SF of warehouse area in the heart of Lenoir City’s thriving business district.

This premier property enjoys an unbeatable location on Broadway in Downtown Lenoir City, positioned just one building away from the Lenoir City Post Office and directly across from the Lenoir City Board of Education offices. The strategic placement provides excellent visibility with a nearby traffic count of 14,511 vehicles daily. Minutes from I-75, West Knoxville, and Fort Loudoun Lake, the building sits in growing Loudon County with its population of over 63,000 residents.

The structure showcases authentic historical character through its original exposed truss and beam construction. The original brick front and walls remain intact beneath the current facade and interior paneling, offering restoration possibilities for buyers seeking historic charm. Modern amenities include central heat and air throughout the entire space, with city water, sewer, and natural gas readily available. The architectural design features a gabled roof in the front half with a flat rubber roof covering the back portion.

With advantageous C-2 (Central Business District) zoning, this property represents the largest open space currently available on Broadway. The flexible zoning makes it perfect for retail establishments, restaurants, professional offices, or mixed-use development projects.

Don’t miss this opportunity to own a piece of Lenoir City history while positioning your business in this strategic commercial corridor. The property’s authentic charm combined with its prime location makes this a truly unique investment opportunity.

Loudon County Parcel / Tax ID:

020K H 023.00

Yearly Property Taxes:

$1,727.95 total yearly taxes | $700.05 – Lenoir City and $1,027.90 – Loudon County

Lot Size:

50 x 142.50

Year Built:

1913

SALE CONDUCTED IN CONJUNCTION WITH
RONNIE COLYER | 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.

Southeastern Title & Abstract 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 on or before April 18, 2025.

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. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **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!