ABSOLUTE REAL ESTATE AUCTION: COMMERCIAL BUILDINGS, TWO ADJOINING PROPERTIES BEING SOLD AS ONE IN LOUDON, TN
ABSOLUTE REAL ESTATE ONLINE ONLY AUCTION: COMMERCIAL BUILDINGS, TWO ADJOINING PROPERTIES BEING SOLD AS ONE IN LOUDON, TN
BIDDING STARTS TO CLOSE: THURSDAY, JUNE 25 @ 2PM
847 & 851 Mulberry St, Loudon, TN 37774
Inspection: Friday, June 20, 10AM-4PM
Commercial Opportunity on High-Traffic Corridor
Unlock the potential of this versatile 0.51-acre commercial property featuring two freestanding buildings and approximately 150 feet of frontage on Mulberry Street. Zoned C-2, this site offers flexibility for a wide range of commercial uses in a highly visible location with a 2024 average daily traffic count of 7,699 vehicles.
The property includes:
- A 6,300 sq. ft. commercial building, ideal for retail, office, or service-based businesses
- A 2,500 sq. ft. Quonset hut-style storage building with roll-up door, perfect for warehousing or support operations
Situated in a growing area with excellent access and exposure, this is a rare opportunity for owner-users, investors, or developers seeking a prominent location with built-in infrastructure.
Note: Personal property, including office furnishings, equipment, and miscellaneous items, will be sold separately.
Helpful Links:
Visit Loudon County
Loudon County Chamber of Commerce
REAL ESTATE TERMS
REAL ESTATE AUCTION TERMS >
Click above for full terms. All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
BUYER’S PREMIUM: A 15% buyer’s premium will be added to the high bid. Example: For a $200,000 bid, a 15% buyer’s premium of $30,000 will be added to arrive at the total purchase price of $230,000.
PAYMENT TERMS: The successful bidder will deposit 10% of the purchase price (including Buyers Premium) and is due SALE DAY immediately at the conclusion of auction in the form of Wire, 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 no later than FRIDAY, JULY 25, 2025.
ONLINE BIDDING
Online Bidding Notice: Plan to create your account and/or sign in to HIBID.com well before the auction start time to ensure your bidding access. To avoid any internet lags, we suggest you place your maximum bid and let the computer bid for you. Furrow Auction Company is NOT responsible for any computer issues or malfunctions.
HOW TO REGISTER TO BID >
REGISTER TO BID >
ONLINE AUCTION PROCESS >
PROPERTY DOCUMENTS
UTILITIES
Electricity: Loudon Utilities
Water: Loudon Utilities
Sewer: Loudon Utilities
Gas: Loudon Utilities
REAL ESTATE TAXES
The subject property consists of 3 separate parcels being sold together:
City Taxes County Taxes
Parcel 041H F 025.00 $253.71 $377.00
Parcel 041H F 026.00 $436.02 $647.91
Parcel 041H F 027.00 $644.50 $957.71
ANNUAL TOTAL TAXES: $1334.23 $1982.62
* Taxes to be pro-rated at closing *
ZONING
C-2 – Highway Commercial District (City of Loudon)
Samuel J. Furrow | TN PBL #26
