| 9,000 S.F. Building
on 1.41 Acres
1612 Downtown West Blvd
Knoxville, TN
Friday,
October 28th, 2011 - 12:00 Noon
2% Broker Participation Offered
Click
here
for Broker Letter
Special Financing
Offered by Clayton Bank:
Loan Amount:
80% of cost
Rate: 6.25%
Term: 10-20 years
Repayment: Principal and Interest Payments based on a 240 month
amortization schedule
Origination Fee: 1%
Collateral: Secured by piece of property if Loan to Value and Loan to
Cost rations are satisfied.
Note: This is Subject to change depending on
the borrower's financial strength and other factors that are taken into
account.
Contact:
Nadim R. Jubran
Clayton Bank and Trust
(865) 522-2930 ext 363 - work
(865) 300-4748 - mobile
Nadim.Jubran@claytonbank.com
·
9,000 Square Feet
·
1.41 Acres
·
Lots of on-site Parking
·
260 Feet of Frontage on Downtown
West Blvd.
·
Built in 1978
·
Lot Dimensions 260 X 257 X IRR
Zoning:
Zoned C-6 General Commercial Park District
Utilities: Electric/ Water / Sewer / Natural
Gas
Estimated Real Estate Taxes:
Knox County Taxes - $9,334.00
City of Knoxville Taxes - $9,632.49
Total Taxes = $18,966.49
Directions:
From the Intersection of Kingston Pike and
Morrell Road in front of West Town Mall, head West on Kingston Pike
toward Barnes and Noble for 0.9 miles and Turn Left onto Downtown West
Blvd. Travel 0.4 miles on Downtown West Blvd. to property on your
Left.
Terms:
10% Buyer's Premium - Successful bidders
will deposit 10% of the purchase price (including Buyer's Premium) on
sale day in the form of cash, certified check or wire, personal or
company check, plus a real estate contract must be signed. Balance is
due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20
DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON THURSDAY, NOVEMBER
17TH, 2011. NO EXTENSIONS AVAILABLE. Sale day announcements
control terms of auction. Acreage and square footage believed to be
accurate, but not guaranteed.
Have a Question about this Auction?
Click
here
to send e-mail directly to a Furrow Representative.
**All Square Footage and
Acreage amounts are believed to be accurate but not guaranteed.
All information was obtained from appraisals and local courthouse
records.** |
