ABSOLUTE REAL ESTATE & PERSONAL PROPERTY AUCTION – 1,134 s.f. Commercial Building with Upstairs Apartment

August 20, 2021

12:00 EST

Thursday, August 12th 10:00am – 3:00pm

 

Rob Strickland 865.310.3208 or Chuck Fisher 865.310.3204

Auction Information

ABSOLUTE REAL ESTATE & PERSONAL PROPERTY AUCTION

1,134 s.f. Commercial Building with Upstairs Apartment

806 N Broad St., New Tazwell, TN 37825


FRIDAY, AUGUST 20TH at 12:00PM NOON

INSPECTION: Thursday, August 12th from 10:00am – 3:00pm


PROPERTY DESCRIPTION
  • Approximately 1,134 s.f. (per tax card)
  • Formerly known as Duncan Motor Company
  • Approximately 0.32 Acre Lot
  • Three BR, 1 BA Apartment Upstairs
  • Ample Parking
  • Traffic Count of Over 14,000 Cars Daily
  • Approx. 150 Feet Frontage on Broad Street (Hwy 33)
  • Additional Frontage on Duncan St. & Old Jacksboro Rd.
  • Personal Property to be Auctioned Immediately Following Real Estate

Samuel J. Furrow | TN PBL #26

PAYMENT 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.
PERSONAL PROPERTY INVENTORY
UTILITIES AVAILABLE
  • Electric: Powell Valley Electric Cooperative
  • Water: Claiborne Utilities District
  • Sewer: Claiborne Utilities District
  • Gas: N/A

*Utilities available but may not be connected*

ZONING
  • C-2, Commercial (City of New Tazwell)
REAL ESTATE TAXES
  • According to the Claiborne County Trustee’s Office, the annual real estate taxes for the subject property are as follows:
  • Claiborne County: $841.36
  • BEING SOLD SUBJECT TO CURRENT YEAR AND ANY DELINQUENT TAXES
DIRECTIONS
  • Located in the heart of New Tazwell on Hwy 33 (Broad St.) across from Mary’s Home Furnishings & Walgreens.

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