Commercial Development Land – E Hwy 25 70 – Dandridge, TN 37725

ONLINE ONLY REAL ESTATE AUCTION

9.2+/- acres of prime development land

• Awesome development opportunity in Jefferson County
• This 9.2+/- acre tract of land is located at the southeastern corner of I-40 exit 424
• Approx. 533’+/- of road frontage on E Hwy 25 70 (per the tax maps)
• Prime commercial property fronting E Hwy 25 70 and bordering I-40 exit 424 & Hwy 113
• Great development site that can be seen from I-40 bridge & overpass and the E Hwy 25 70 bridge crossing Douglas Lake
• Subdivide or develop as-is
• Zoned C-2 | General Commercial
• Annual Average Daily Traffic (AADT) Counts for : I-40 westbound – 21,318, I-40 eastbound – 15,323, westbound exit – 770, westbound entrance – 1879, eastbound exit – 1844, and eastbound entrance – 807
• TDOT has approached the current owner about purchasing a portion of the land adjoining I-40 for road improvements. Nothing has been negotiated and it will be the responsibility of the new owner to work with TDOT with this acquisition. No sound timeline has been provided to the current owner. Map of the desired TDOT acquisition is attached for review.
• PLEASE NOTE: The boundary lines shown are approximate and are not guaranteed. A property survey is needed to show the exact boundaries.

Jefferson County Parcel / Tax ID:

060  027.00

Yearly Property Taxes:

$3,174.00 – Jefferson County only

Lot Size:

9.2+/- acres

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.

Executive Title & Escrow 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 November 4th, 2024.

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!