Commercial Lot – Hospitality Drive – Crossville, TN 38555

ONLINE ONLY REAL ESTATE AUCTION

0.50 +/- Acre Lot in Crossville

• Prime location just off of I-40 exit 322 (Crossville – Peavine Road)
• 0.50 +/- acre level lot
• Surrounded by other commercial businesses
• Located on a cul-de-sac
• Awesome buying opportunity to use as a commercial property in Crossville
• Per the City of Crossville: The City of Crossville currently only has zoning ordinances pertaining to the airport, floodplains, signs, mobile homes and mobile home parks. We have no ordinances, which specify commercial, industrial, residential or other areas. There are requirements for the subdivision of property and for building permits, sign permits and etc. There are limited setback requirements and the City of Crossville uses the ICC Building Codes. There are no parking or density requirements. There may be deed restrictions or restrictive covenants associated with individual properties, however they are not within the jurisdiction of the codes department. Contact the City Planner (931-456-8464) if additional information is required.

Cumberland County Parcel / Tax ID:

101 027.08

Yearly Property Taxes:

$215.00 – Total Yearly Taxes | $74.83- City of Crossville & $140.17 – Cumberland County

Lot Size:

0.50 +/- acre

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.

Encore Title & Closing 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 25th, 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!