ENDED – REAL ESTATE AUCTION – 2 Home Depot Outparcels Totaling 2.25 Acres

AUCTION LOCATIONLaboratory Road, Oak Ridge

AUCTION DATEJune 16, 2017

AUCTION TIME 12:00 pm

TIME ZONEEST

INSPECTION DATEProperty Can Be Inspected At Any Time

INSPECTION TIMEProperty Can Be Inspected At Any Time

CONTACTChuck Fisher or Rob Strickland 865.546.3206

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Auction Information

PROPERTY DETAILS:

Real Estate Auction

Two Home Depot Outparcels Totaling 2.25 Acres

To Be Sold Separately

Laboratory Road (at Entrance to Home Depot), Oak Ridge, TN

*Selling on the behalf of The University of Tennessee

CLICK HERE TO VIEW PARCELS 3-6 (Auction to be held at Parcel 6)


  • Two Out-Parcels Totaling 2.25 Acres
  • Parcel Closest to Home Depot is 1.16 Acres
  • Parcel Fronting Laboratory Rd. is 1.09 Acres
  • Located At Entrance to Home Depot
  • Outstanding Visibility at Entrance to Major Retail Center
  • Ideal for Retail or Office Use
  • All Utilities Available
TN License #62

PAYMENT TERMS


5% Buyer’s Premium on site, 8% Buyer's 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 30 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

ZONING


Zoning: B2, General Business (City of Oak Ridge)

UTILITIES


  • Electricity: City of Oak Ridge
  • Water: City of Oak Ridge
  • Sewer: City of Oak Ridge
  • Gas: Oak Ridge Utility District Board
Utilities are available, but not currently connected.

TAXES


Two Tax Parcels
Parcels are currently owned by the University of Tennessee are are therefore exempt from City/County Real Estate Taxes.
As an indication of what potential taxes may be, there are two additional out-parcels directly across from the subject (not for sale) which currently have annual real estate taxes of approx. $2,000 annually for the city of Oak Ridge and $2,000 annually for Anderson County.

DIRECTIONS
Take Pellissippi Parkway toward Oak Ridge. Stay straight on Oak Ridge Hwy (SR 62 West) past the Exxon Station. Oak Ridge Hwy becomes S Illinois Ave. Follow Illinois Ave. approx. 1.3 mile to LaFayette Dr. Turn right onto Lafayette Dr. and travel approx. 0.8 miles to right onto Laboratory Rd. As you turn right into Home Depot, the two out-parcels are located on your immediate right.

Auctions Information

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