Absolute Real Estate Auction – 9,600 s.f. Multi-Tenant Commercial Building

AUCTION LOCATION1912 Bowater Dr., Kingsport, Johnson City, TN 37660

AUCTION DATEJune 22, 2018

AUCTION TIME 1:30 pm

TIME ZONEEST

INSPECTION DATEFriday, May 25th & Friday, June 15th

INSPECTION TIME10:00am - 3:00pm

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

Absolute Real Estate Auction

To Be Sold to the Highest Bidder without Minimum or Reservation

PRE-AUCTION OFFERS WILL BE ACCEPTED AND CONSIDERED

9,662 s.f. Multi-Tenant Commercial Building

1912 Bowater Dr., Kingsport, Johnson City, TN 37660

AUCTION DATE/TIME: Friday, June 22nd  at 1:30PM

INSPECTION DATE/TIME: Friday, May 25th & Friday, June 15th  from 10:00AM – 3:00PM

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Bid Live and On-Line

In Conjunction with Lawler-Wood, LLC: Kimberly Jones 423.530.7111

PROPERTY DETAILS:

  • 9,662 s.f.
  • Currently Configured for Up To Three Tenants
  • Once Space Currently Un-Finished, and Can be Finished to Buyers Specifications
  • Built in 1971
  • 1.30 Acre Lot
  • 2 New HVAC Units
  • Plenty of Parking
  • Former Location for State of Tennessee Dept. of Labor
  • Corner Location just One Block off East Stone Drive
  • 260 Feet Frontage on Bowater Dr., 190 Feet Frontage on Bridgewater Lane

 TN License #62

PAYMENT TERMS


10% Buyer’s Premium Onsite, 10% Buyer's Premium Online. Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale day 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.

UTILITIES


  • Electric: Appalachian Power
  • Water: City of Kingsport
  • Sewer: City of Kingsport
  • Gas: Atmos Energy

ESTIMATED REAL ESTATE TAXES
According to the Sullivan County Property Assessors Office and the City of Kingsport Tax Office, the annual real estate taxes for the subject property are as follows:
  •  Sullivan County: $4,525.74
  • City of Kingsport: $3,505.23
  • Buyer will pay a pro-rata share of current year property taxes
  • Back/Delinquent Taxes (if any) will be paid by seller

 ZONING
B-3: Highway Oriented Business District (City of Kingsport)

DIRECTIONS
From the interchange of Hwy 93 & East Stone Dr., travel east on East Stone Drive approx. 0.75 miles. Turn right onto Bowater Dr. and travel approx. 350 feet to property on right.

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