Absolute Real Estate Auction – Partially Complete 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

9,000 s.f. Partially Complete Commercial Building

218 Suncrest St., Johnson City, TN 37615

AUCTION DATE/TIME: Friday, June 22^nd at 12:00PM NOON

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:

• 9,000 s.f.
• 2 Story, Partially Complete, Inside Can be Finished to Buyers Specifications
• New Construction
• Brick Exterior
• Corner Location just off Bobby Hicks Hwy
• Over 340’ Frontage on Suncrest St.
• Less than ½ mile off I-26
• Convenient Central Tri-Cities Location
• Ideal for Office or Commercial Use

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 TN License #62

PAYMENT TERMS

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10% Buyer’s Premium On-site, 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 218 Suncrest St Johnson City, TN

UTILITIES

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• Electric: BrightRidge Utilities
• Water: Johnson City Water/Sewer
• Sewer: Johnson City Water/Sewer
• Gas: Atmos Energy

ESTIMATED REAL ESTATE TAXES

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According to the Washington County Property Assessors Office and the City of Johnson City Tax Office, the annual real estate taxes for the subject property are as follows:

• Washington County: $3,482.12
• City of Johnson City: $2,765.45

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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 – 5: Planned Community Business District (City of Johnson City)

PROPERTY DOCUMENTS

• Aerial Image
• B-5 Zoning Code - Johnson City
• Plat of Record
• Property Report
• Quote from Builder to Complete Building
• Tax Information
• Tax Map
• Title Commitment Exception Documents
• Title Commitment
• Utility Information
• Zoning Information
• Zoning Map

DIRECTIONS

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Located just off I-26 at the Gray Exit (Exit 13). From exit, head north on Bobby Hicks Hwy approx. 500 feet. Turn left onto Suncrest St and travel approx. 300 feet to property on right.