| APPROXIMATELY 6,675 s.f. RESTAURANT
KNOWN AS PHATZ SPORTS GRILL AND APPROXIMATELY 0.59 ACRE ADJACENT LOT
3920 Asheville Highway
Knoxville, TN
Friday, January 21st,
2011 - 10:30AM
Inspection: Thursday, January 20th, 2011 9:00AM - 3:00PM
Equipment to be Sold Following Real
Estate Auction
Click
here for
Equipment Auction Information
IN CONJUNCTION WITH:
COLDWELL BANKER COMMERCIAL
WALLACE & WALLACE
LUCK STAPEL
(865) 690-1111
2% Broker Participation
Offered
Property One:
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Highly Visible Location
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Built in 1979 (Renovated in 2004)
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Approximately 365’ of Road Frontage on Asheville Highway
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Brick/Block Building with Build Up Roof
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Granite Bar Tops with Newly Renovated Cabinets in Bar
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Large Dining Area with Hardwood Dance Floor and DJ Booth
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Expansive Kitchen Area
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Plenty of Parking
Utilities Available:
Electricity / Water / Sewer / Natural Gas
Zoning:
C4 – Highway & Arterial Commercial District
Estimated Real Estate Taxes:
Annual Knox County Real Estate Taxes – Approx. $2,486.50
Annual Knoxville City Real Estate Taxes – Approx. $2,591.86
Total Annual Real Estate Taxes – Approx. $5,078.35
Taxes to be pro-rated at closing
Property Two:
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Parking lot located to the east of Phatz Sports Grill
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Approximately 0.59 Acre
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Approximately 257' of road frontage along Asheville Highway
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Can accommodate up to 35 vehicles
Utilities Available:
Electricity / Water / Sewer / Natural Gas
Zoning:
C4 – Highway & Arterial Commercial District
Estimated Real Estate Taxes:
Annual Knox County Real Estate Taxes – Approx. $277.54
Annual Knoxville City Real Estate Taxes – Approx. $289.30
Total Annual Real Estate Taxes – Approx. $566.83
Taxes to be pro-rated at closing
Directions:
From the intersection of
N. Cherry Street and E. Magnolia Avenue, travel northeast on E. Magnolia
Avenue for 1.5 miles to property on RIGHT.
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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