ENDED – REAL ESTATE AUCTION – 2 Home Depot Outparcels Totaling 2.25 Acres

PROPERTY DETAILS:

Real Estate Auction

Two Home Depot Outparcels Totaling 2.25 Acres

To Be Sold Separately

Laboratory Road (at Entrance to Home Depot), Oak Ridge, TN

*Selling on the behalf of The University of Tennessee

CLICK HERE TO VIEW PARCELS 3-6 (Auction to be held at Parcel 6)

---

• Two Out-Parcels Totaling 2.25 Acres
• Parcel Closest to Home Depot is 1.16 Acres
• Parcel Fronting Laboratory Rd. is 1.09 Acres
• Located At Entrance to Home Depot
• Outstanding Visibility at Entrance to Major Retail Center
• Ideal for Retail or Office Use
• All Utilities Available

TN License #62

PAYMENT TERMS

---

5% Buyer’s Premium on site, 8% Buyer's Premium On-Line- 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 30 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

Bid Now Online!

ZONING

---

Zoning: B2, General Business (City of Oak Ridge)

UTILITIES

---

• Electricity: City of Oak Ridge
• Water: City of Oak Ridge
• Sewer: City of Oak Ridge
• Gas: Oak Ridge Utility District Board

Utilities are available, but not currently connected.

TAXES

---

Two Tax Parcels

---

Parcels are currently owned by the University of Tennessee are are therefore exempt from City/County Real Estate Taxes.

---

As an indication of what potential taxes may be, there are two additional out-parcels directly across from the subject (not for sale) which currently have annual real estate taxes of approx. $2,000 annually for the city of Oak Ridge and $2,000 annually for Anderson County.

PROPERTY DOCUMENTS

---

• UT Outparcels_Aerial Image
• UT Outparcels_Appraisal (from 2002)
• UT Outparcels_B-2 Zoning Ordinance (City of Oak Ridge)
• UT Outparcels_Environmental Report (from 1999 when Home Depot was being developed)
• UT Outparcels_Flood Map
• UT Outparcels_Plat Map
• UT Outparcels_Property Report - Parcel One
• UT Outparcels_Property Report - Parcel Two
• UT Outparcels_Sample Deed
• UT Outparcels_Tax Information
• UT Outparcels_Tax Map
• UT Outparcels_Commitment
• UT Outparcels_Commitment Exception Documents
• UT Outparcels_Utility Information
• UT Outparcels_Zoning Information

 

DIRECTIONS

---

Take Pellissippi Parkway toward Oak Ridge. Stay straight on Oak Ridge Hwy (SR 62 West) past the Exxon Station. Oak Ridge Hwy becomes S Illinois Ave. Follow Illinois Ave. approx. 1.3 mile to LaFayette Dr. Turn right onto Lafayette Dr. and travel approx. 0.8 miles to right onto Laboratory Rd. As you turn right into Home Depot, the two out-parcels are located on your immediate right.