SOLD - ABSOLUTE REAL ESTATE AUCTION - Downtown West Shopping Center

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Map

Map

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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 20^th – 12:00 noon

Inspection Date/Time: By Appointment

Bid Live or On-Line

In Conjunction with Maribel Koella, NAI Koella/RM Moore

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%

Broker Participation Form - 1645 Downtown West Blvd.

ZONING

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

ONLINE BIDDING

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

PROPERTY DOCUMENTS

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.