Real Estate Auction – Professional Office Complex: “The Glass Towers”

August 26, 2021

12:00 EST

Monday & Tuesday, August 23rd & 24th 10:00am – 3:00pm

 

Rob Strickland 865.310.3208 or Chuck Fisher 865.310.3204

Auction Information

REAL ESTATE AUCTION

Professional Office Complex - “The Glass Towers”

999 Executive Park Dr., Kingsport, TN

BID LIVE OR ON-LINE


THURSDAY, AUGUST 26TH at 12:00 PM


INSPECTION: MON. & TUES., AUGUST 23rd & 24th from 10:00 AM – 3:00 PM


PROPERTY DESCRIPTION
  • 39,530 Total S. F.
  • Two 3 Level Glass Towers with Three Level Connector
  • Suites from 275 sf to 6,000 sf with Professional tenants in place
  • Floor to Ceiling Windows on All Exterior Offices
  • 2.2 Acre Lot
  • Income Producing
  • Abundant Secure Parking
  • Sidewalks to Entrances from Parking Lot(s)
  • Great, High Visibility Location at intersection of Stone Dr. & John B. Dennis Hwy.
  • Traffic Count of Approx. 35,000 Vehicles Daily
  • Busy Retail & Restaurant District

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 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.
UTILITIES AVAILABLE
  • Electricity: Appalachian Power
  • Water: City of Kingsport
  • Sewer: City of Kingsport
  • Gas: N/A
ZONING
  • B3 - Highway Oriented Business District (City of Kingsport)
REAL ESTATE TAXES
  • According to the Sullivan County Property Assessors Office and the City of Kingsport Tax Office, the annual real estate taxes for the subject property are as follows:
  • Sullivan County: $28,126.08
  • City of Kingsport: $22,591.70

Buyer will pay a pro-rata share of current year property taxes

DIRECTIONS
  • Located at intersection of Stone Dr. & Executive Park Blvd.

Organizers