ABSOLUTE REAL ESTATE AUCTION – Knoxville Center Industrial Land

ABSOLUTE REAL ESTATE AUCTION

11.94 Acre Industrial Tract

Just off  I-640 on Washington Pike, Knoxville, TN

(directly behind Kohls Department Store)

Auction Date/Time: Friday, January 26^th, 2018 – 12:00 noon

Inspection Date/Time: Property Can Be Inspected At Any Time

Bid Live or On-Line

In Conjunction with Doug Ewell, Realty Executives Associates

Office:  865.588.3232, Cell:  865.805.9838

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AUCTION DETAILS:

• 11.94 Acres
• Just off I-640, behind Washington Pike behind Kohls Department Store and Village Crest Apartments
• Access to Property from behind Kohls or potentially off Washington Pike
• Ideal Location for Commercial or Multi-Family Development
• All Utilities Available

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 TN License #62

PAYMENT TERMS

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TERMS: 10% Buyer’s Premium - 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.

ZONING

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I-3: General Industrial District (City of Knoxville)

UTILITIES

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• Electricity: Knoxville Utilities Board
• Water: Knoxville Utilities Board
• Sewer: Knoxville Utilities Board
• Gas: Knoxville Utilities Board

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

TAXES

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• Annual Knox County Real Estate Taxes: $2,607.00
• Annual City of Knoxville Taxes: $3,063.01

Current Year Taxes to be Pro-Rate at Closing

Back Taxes (if applicable) will be paid by Seller

SCHOOL INFO

• Elementary: Shannondale Elementary
• Middle: Holston Middle
• High: Fulton High

PROPERTY DOCUMENTS

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• Area Demographic Profile
• Aerial Photo
• I-3 Zoning Ordinance (City of Knoxville)
• KUB Electric Map
• KUB Gas Map
• KUB Sewer Map
• KUB Water Map
• Property Report
• Recorded Map Showing Access off Washington Pike
• Sample Warranty Deed
• Tax Information
• Tax Map
• Title Commitment
• Title Commitment Exception Documents
• Topography Map
• Utility Information
• Zoning Information
• Zoning Map

DIRECTIONS

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Travelling east on I-640, take the Washington Pike/Mall Road South Exit (exit 8) and travel approx. 0.46 miles. Turn left onto Washington Pike and travel approx. 0.2 miles to Kohls Dept. Store. Property is located directly behind Kohls. Look for Auction sign.