325 Fairchild Street – Harriman, TN 37748
ONLINE ONLY REAL ESTATE AUCTION
Approximately 2080SF Building with Large Equipment Shed and 20′ x 20′ Warehouse on 2.19+/- Acres less than 0.5 mile from I-40
BIDDING BEGINS TO CLOSE:
Thursday, September 10th
at 12:00PM – Noon (ET)
OPEN HOUSE:
Tuesday, September 8th
at 12:00PM – Noon (ET)
This exceptional commercial property offering presents a rare combination of substantial infrastructure, versatile buildings, and immediate income-producing potential in a highly accessible location approximately 0.5 miles from I-40 Exit 347 and just off South Roane Street in Harriman, Tennessee. Currently leased to AT&T and in continuous commercial use since its construction in 1967, this property offers a compelling opportunity for investors and owner-operators alike.
Lease & Income Details:
The property is currently leased to AT&T, with the remainder of the lease transferring to the new owner. This lease provides the following financial benefits:
- Monthly rent of $2,546.90 through 12/31/2026
- AT&T will pay a cancellation fee of $7,793.52 to the owner prior to the end of the lease
- If the new owner pays the 2026 property taxes and submits the paid receipt to AT&T prior to lease termination, that amount will be reimbursed to the owner
- If the owner pays property insurance and submits the paid receipt to AT&T prior to lease termination, a pro-rated amount through the end of the lease will be reimbursed to the owner
The Main Building — Approximately 2,080 SF:
The block construction main building is well-appointed for a variety of office and commercial uses, featuring:
- Large front office and lobby area
- Oversized office
- Two additional well-sized offices
- Bathroom with single stall and sink
- Bathroom with two stalls, two urinals, two sinks, and a mop/utility sink
- HVAC approximately 5 years old
- Appears to have a newer roof
Additional Structures:
- Approximately 40′ x 100′ equipment shed — ideal for equipment, vehicle, or material storage
- Approximately 20′ x 20′ storage warehouse with loading dock with leveler and attached storage sheds providing additional covered storage capacity
The Property:
Situated on 2.19+/- acres, the property features a large fenced lot plus additional lot space — providing ample room for equipment, vehicles, outdoor storage, or future expansion. Please note that the property is currently zoned R-1 (residential); however, it has been used continuously as a commercial property for AT&T since it was built in 1967. Interested parties are encouraged to consult directly with the City of Harriman regarding any zoning-related questions and future use considerations.
Location:
- Approximately 0.5 miles to I-40 Exit 347
- Just off South Roane Street
- Convenient access to the greater Harriman and Roane County area
The Opportunity:
Properties combining immediate lease income, substantial infrastructure, a large fenced lot with additional lot space, and exceptional interstate access are extraordinarily rare. Whether you’re an investor seeking a turnkey income-producing asset, an owner-operator looking to acquire a well-built property with room to grow, or a developer with a long-term vision for the site, this unique Harriman property delivers the location, infrastructure, and financial upside to make it a truly compelling acquisition.
PLEASE NOTE: At the request of the Seller, the property must close by September 30th, 2026. No extensions.
SALE CONDUCTED IN CONJUNCTION WITH
Ronnie Colyer Auction & Realty | 423-506-0990
Sam Tate | NAI Koella RM Moore | 865-531-6400
Roane County Parcel / Tax ID:
036H C 006.00
Yearly Property Taxes:
$1,472.09 – total yearly taxes | $479.88 – City of Harriman and $992.21 – Roane County
Lot Size:
205.7 x 521 IRR | 2.19 +/- acres
YOU WILL NEED TO EMAIL PROOF OF FUNDS INFORMATION WHEN YOU REGISTER. THIS CAN BE A BANK LETTER, SCREENSHOT OF ONLINE BANKING/INVESTMENT ACCOUNT/RETIREMENT ACCOUNT, LOAN PRE-APPROVAL LETTER, ETC.
PLEASE EMAIL THIS TO phillip@powellauction.com. YOUR REGISTRATION/BID WILL REMAIN PENDING UNTIL WE RECEIVE YOUR PROOF OF FUNDS INFORMATION.
PLEASE CALL KENNY OR PHILLIP AT 865-938-3403 WITH ANY QUESTIONS.
Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.
M&M Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before September 30th, 2026.
The contract will not be contingent upon financing, inspections or any other contingencies.
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
New Bidders, please Pre-Register, we will have to approve you to Bid!
