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

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 22^nd  at 1:30PM

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

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

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 TN License #62

PAYMENT TERMS

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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.

BROKER PARTICIPATION

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Broker Participation Form 1912 Bowater Dr. Kingsport

UTILITIES

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

ESTIMATED REAL ESTATE TAXES

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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

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• Buyer will pay a pro-rata share of current year property taxes
• Back/Delinquent Taxes (if any) will be paid by seller

 ZONING

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

PROPERTY DOCUMENTS

• Aerial Image
• B-3 Zoning Ordinance (City of Kingsport)
• Property Report
• Tax Information
• Tax Map
• Title Commitment Exception Documents
• Title Commitment
• Utility Information
• Zoning Information
• Zoning Map

DIRECTIONS

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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.