ABSOLUTE REAL ESTATE AUCTION – 12.18 Acre Development

March 25, 2022

12:00 EST

Property Can Be Viewed At Any Time

 

Rob Strickland 865.310.3208 or Chuck Fisher 865.310.3204

Auction Information

ABSOLUTE REAL ESTATE AUCTION

12.18 Acre Development

4534 Nora Rd., Knoxville, TN 37918

FRIDAY, MARCH 25TH at NOON EST

Auction to be Conducted On-Site

INSPECTION: PROPERTY CAN BE INSPECTED AT ANYTIME


PROPERTY DESCRIPTION
  • Approx. 12.18 Acres
  • I-640 Visibility
  • Ideal Site for Potential Multi-Family Development
  • Great Site for Potential Billboard Placement
  • Electric, Water & Sewer Available to Site

Samuel J. Furrow | TN PBL #26

ZONING:
  • RN-1: Single Family Residential Neighborhood Zoning District (city of Knoxville)
UTILITIES:
  • Electricity: Knoxville Utilities Board
  • Water: Knoxville Utilities Board
  • Sewer: Knoxville Utilities Board
  • Gas: Not Currently Available

Utilities are available contingent on site plan and what is built, but not currently connected.

SCHOOL INFORMATION:
  • Elementary: Shannondale Elementary
  • Middle: Gresham Middle
  • High: Central High
TAXES:
  • Annual Knox County Real Estate Taxes: $188.00
  • Annual City of Knoxville Taxes: $218.05
    • Current Year Taxes to be Pro-Rate at Closing
    • Back Taxes (if applicable) will be paid by Seller

TERMS:
  • 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due today 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.
DIRECTIONS:
  • From I-640, exit 6 Broadway, travel 1/10 mi. North on Broadway to rt. on Greenway, go 4/10 mi. east to rt. Nora Road for 2/10 mi. to property on left.

Organizers