Furrow Auction Company

FORECLOSURE
REAL ESTATE AUCTION

BY ORDER OF SECURED PARTY

Income Producing Automotive Commercial Building Situated on Approximately 0.86 Acres Occupied by Sam's Automotive


609 Cooper Street
Knoxville, TN

Friday, May 7th, 2010 - 11:00 AM

·         Monthly Rental Income of $2,000 per Month

·         Month to Month Tenancy

·         Approximately 4,248 SF

·         7 Drive-In Service Bays with Steel Roll-Up Doors

·         Office/Reception Area

·         Built in 1950

·         Fully Fenced with 6’ Chain Link Fencing

·         Approximately 256’ of Road Frontage Along Cooper Street

·         Located at the Intersection of Cooper Street & W 5th Avenue

·         Highly Visible Corner Location

·         Just West of Broadway

 

 

* Square Footage believed to be accurate but not guaranteed.  Information has been obtained from the Knox County Courthouse

 

Zoning: C-4 Highway & Arterial Commercial District
Utilities:
Electric / Water / Sewer / Gas
Estimated Real Estate Taxes
:
Estimated Annual 2010 City: $1,693.46
Estimated Annual 2010 County: $1,624.62
Total Estimated Annual Taxes:  $3,318.09

Being Sold Subject To Current and Back Taxes

Directions: From downtown, travel North on Broadway Street. Turn LEFT on W 5th Avenue, just before you reach St. John's Lutheran Church and travel 1/10 mile to property on RIGHT at the intersection with Cooper Street.


Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) and is due today in the form of cash, cashier's check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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AUCTION DOCUMENTS

Auction Brochure
KGIS Report
Notice of Sale
Sample Sale Day Contract
Sale Day Procedures
School Zoning Information
Tax Card
Tax Information
Utility Information
Zoning Information
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