SOLD – Absolute Auction – Income-Producing 4.63 Acre Commercial Tract across from Costco

August 7, 2015


Drive by inspection any time


Chuck Fisher 865.546.3206

Auction Information



To Be Sold To The Highest Bidder Without Minimum or Reservation.

  • Approx. 4.63 Acres
  • Outstanding location on Kingston Pike across from Costco Warehouse Club
  • Just outside town of Farragut limits
  • Improved with 2 buildings:
    • Building 1: Approx. 1,224 sq. ft. occupied by plumbing business with a month-to-month lease, generating $500/mo.
    • Building 2: Approx. 5,152 sq. ft. Vacant
  • A portion of the property is leased by a recylcing business, generating $2,200/mo. (no lease)
  • Access off Kingston Pike
  • Traffic count: approx. 30,000+ cars daily
  • Additional frontage on Parkgate Lane
  • Ideal for Retail, Office, Multi-Family or Mixed Use Development
  • 2% Broker Participation available. Pre-registration required

Terms: 10% Buyer’s Premium. Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) on sale day in the form of cash, certified check or wire, personal or company check. A real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS OF SALE. NO EXTENSIONS. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed. THIS PROPERTY SOLD IN IT’S “AS IS, WHERE IS WITH ALL FAULTS” CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **All square footage and acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

The 3.5 Acres (approximate) is currently comprised of 7 Tax Parcels. The total County taxes for the 7 Parcels are as follows: Annual Knox County Taxes: $8,322.30 (total of 7 parcels). Buyer is responsible for pro-rated share of current year property taxes. Back/Delinquent Taxes will be paid by seller.

Property has Multiple Zoning:
  •  CA – General Business Zone (Knox County)
  • OB – Office, Medical & Related Services Zone (Knox County)
  • PC – Planned Commercial Zone (Knox County)

  • Electric: Lenoir City Utilities Board
  • Water: First Utility District
  • Sewer: First Utility District
  • Gas: Knoxville Utilities Board

Located on Kingston Pike just west of the intersection with Lovell Rd., across from the Costco Warehouse Club.

2% Broker Participation is available. Pre-registration required

Broker Participation Form