ENDED – REAL ESTATE AUCTION – SALE 2: 40,000 s.f. Income Producing Commercial Building

THIS AUCTION HAS ENDED.

PROPERTY DETAILS:

Real Estate Auction

Approx. 40,000 s.f. Income Producing Commercial Building

103 West Lake Ave., Rossville, GA

Thursday, June 15^th at 12:00 PM

Auction to be Conducted at 555 McFarland Avenue, Rossville, GA

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• Approximately 40,000 Total Square Feet
• 2 Connected Buildings
• Approx. 37,000 s.f. Currently Leased by UniFirst
  • Lease Generates $63,000 Annually
  • Approx. 4 Years Remaining on 5 Year Lease
• Additional 3,000 s.f. Available for Lease (ideal office space in downtown Rossville)
• 1.5 Acre Site
• Frontage on W Lake Ave., Short St. & W Gordon Ave.
• Great Investment Property Featuring Stable Tenant with Term Lease

TN License #62 GA Firm #273 GARE #17156

ONLINE BIDDING

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PAYMENT TERMS

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10% Buyer’s Premium On-Site: 13% Buyers Premium Online. Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due on 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. LAST AVAILABLE DAY TO CLOSE IS WEDNESDAY, JULY 5^TH.  NO EXTENSIONS AVAILABLE.

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A 2% commission will be paid to the Licensed Real Estate Broker properly licensed.

Broker Participation Sale 2 - 103 W. Lake Ave., Rossville, GA

ZONING

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Zoning: C - 1: Commercial

UTILITIES

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• Electricity: EPB (Electric Power Board)
  • 6 Meters
  • 4 Phase Power
• Water: Tennessee American Water
  • 2 Meters
• Sewer: City of Chattanooga
  • 2 Meters
• Gas: Chattanooga Gas

 

TAXES

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Estimated Real Estate Taxes: $7,341.85

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Buyer is responsible for pro-rated share of current year property taxes

Back/Delinquent Taxes will be paid by seller.

PROPERTY DOCUMENTS

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• Aerial Image - 103 West Lake Ave.

• City of Rossville Zoning Code-05032017150228

• Lease Information - 103 W Lake Ave (revised)

• Property Report - 103 West Lake Ave.

• Tax Information

• Utility Information

• Zoning Information

DIRECTIONS

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From the intersection of I-24 & Rossville Rd. in Chattanooga take Rossville Rd. S (Exit 180B) approx. 2.75 miles (you will cross into GA at about 2.5 miles). Turn right onto McFarland Ave. and then take first right onto Lake Ave. to property on right.