SOLD – ABSOLUTE REAL ESTATE AUCTION – Downtown West Shopping Center

AUCTION LOCATION1645 Downtown West Blvd., Knoxville, TN 37919

AUCTION DATESeptember 20, 2017

AUCTION TIME 12:00 pm

TIME ZONEEST

INSPECTION DATEShown by Appointment

INSPECTION TIMEsee above

CONTACTRob Strickland or Chuck Fisher 865.546.3206

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Auction Information

AUCTION CANCELED - SALE PENDING

Absolute Real Estate Auction

To Be Sold to the Highest Bidder without Minimum or Reservation


Former Restaurant in Downtown West Shopping Center


1645 Downtown West Blvd., Knoxville, TN 37919


Auction Date/Time: Wednesday, September 20th – 12:00 noon

Inspection Date/Time: By Appointment

Bid Live or On-Line


In Conjunction with Maribel Koella, NAI Koella/RM Moore
NAI_Koella RM Moore logo    
  • Josh Flory 865-777-3047
  • Sam Tate 865-777-3035
  • Maribel Koella 865-777-3031

Property Description:
  • 6,697 Square Foot Retail/Commercial Condominium
    • Consists of 4 Combined Units (37, 38, 39 & 40)
  • Former Location of Kanpai of Knoxville Restaurant
  • Ideal End-Cap Space
  • Located in Downtown West Shopping Center
  • Signalized Intersection at Downtown West & Kingston Pike
  • Ideal Location in West Knoxville Retail Market
  • Located in Close Proximity to West Town Mall, Target, Bearden High School & Interstate 40
  • Ideally Suited for Restaurant, Retail or Office Use
  • Ample Parking

TN License #62

PAYMENT TERMS


10% Buyer’s Premium on site, 13% Buyers Premium On-Line. 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.


Broker Participation: 2%

ZONING


C-6: General Commercial Park District (City of Knoxville)

ONLINE BIDDING


top-bid-now-button

UTILITIES


  • Electricity: Knoxville Utilities Board
  • Water: Knoxville Utilities Board
  • Sewer: Knoxville Utilities Board
  • Gas: Knoxville Utilities Board

TAXES


Estimated Real Estate Taxes:
The subject property is a Retail/Commercial Condominium Unit Consisting of 4 Adjoing Units. According to the Knox County Property Assessors Office and the City of Knoxville Tax Office, the annual real estate taxes for the subject property are as follows:
  • Knox County: $6,242.00
  • City of Knoxville: $7,333.22
Buyer will pay a pro-rata share of current year property taxes.
Back/Delinquent Taxes (if any) will be paid by seller.
Condo Association Fees: $965.50 Monthly

DIRECTIONS
From I-40 at West Hills, take exit 380 to Kingston Pike. Turn right onto Kingston Pike and travel approx. 0.52 miles. Turn left onto Downtown West Blvd. and travel approx. 0.28 miles to property on right.

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