ONLINE ONLY REAL ESTATE AUCTION

Prime Commercial Opportunity

PRIME COMMERCIAL OPPORTUNITY

Located at the corner of
Western Avenue & Texas Avenue

PROPERTY OVERVIEW

Exceptional commercial investment featuring over 11,000 total square feet offered as two versatile buildings, configurable as five separate suites. Positioned at the high-visibility corner of Western Avenue and Texas Avenue on 1.071± acres spanning three parcels. With C-H-1 zoning and established commercial history, this property presents multiple income and development opportunities.

LOCATION ADVANTAGES

• Prime Corner Location: Commanding presence at Western and Texas Avenue intersection
• Superior Visibility: Approximately 540 feet of total road frontage (420± ft on Western Ave, 120± ft on Texas Ave)
• High Traffic Volume: 2024 Average daily traffic counts of 21,030 on Western Avenue (location ID: 47000147) and 7,526 on Texas Avenue (location ID: 47000319)
• Strategic Proximity: Minutes from downtown Knoxville with expedient access to I-640, I-75 & I-40
• Established Commercial Area: Surrounded by complementary businesses and strong consumer traffic

PROPERTY DETAILS

• Total Square Footage: Over 11,000 SF offered as 2 buildings
• Land Area: 1.071± acres (comprised of three parcels)
• Zoning: C-H-1 (Commercial Highway)
• Current Operation: Don’s Used Cars and Don’s Tire Co. (40+ years under same ownership)
• Business Opportunity: Used car dealership license available for transfer to purchaser of Building #1
• Functionality: 12 total rollup doors providing exceptional access and flexibility

BUILDING SPECIFICATIONS

BUILDING 1 (6,232± SF on 0.594± ac)

• Suite 1: 2,822± SF (approx. 34’x83′)
  • 2 rollup bay doors
  • Bathroom
  • Storage area and dedicated storage room
  • 3-phase power
• Suite 2: 1,736 SF± (approx. 56’x31′)
  • 2 rollup bay doors
  • Office
  • Bathroom
• Suite 3: 1,674± SF (approx. 54’x31′)
  • 3 rollup bay doors
  • Office

BUILDING 2 (5,440± SF on 0.477± ac)

• Suite 1: 2,040± SF (approx. 34’x60′)
  • 1 rollup bay door
  • Office
  • 2 bathrooms
  • Open warehouse space
• Suite 2: 3,400± SF (approx. 34’x100′)
  • Office area
  • 4 rollup bay doors
  • Storage room
  • Bathroom with walk-in shower
  • Shop equipment and lifts do not convey with the property

INVESTMENT POTENTIAL

• Multi-Tenant Income: Configure as five separate suites to maximize rental income
• Owner-Occupier: Operate your business while leasing excess space
• Business Continuation: Opportunity to continue established automotive business with transferable license
• Development Potential: Prime corner location suitable for various commercial endeavors
• Long-Term Value: Established location with consistent traffic patterns and strong commercial presence

PROPERTY LEGACY

Maintained under the same ownership for over four decades, this property has built a reliable reputation and customer base. The opportunity to continue the established business represents added value beyond the real estate.

Knox County Parcel / Tax IDs:

– BUILDING 1: 094AA040 and 094AA038
– BUILDING 2: 094AA04101

Yearly Property Taxes:

– BUILDING 1: $4,809.13 yearly taxes ($2,794.52 – City of Knoxville and $2,014.61 – Knox County)
– BUILDING 2: $3,120.51 yearly taxes ($1,813.29 – City of Knoxville and $1,307.22 – Knox County)

Lot Size:

– BUILDING 1: 0.594± acres
– BUILDING 2: 0.477± acres

Zoning:

C-H-1

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.

M & M Title  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 June 9th, 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!