623 N Cherry Street – Knoxville, TN 37914
ONLINE ONLY REAL ESTATE AUCTION
Prime Corner Commercial Lot in East Knoxville — 0.157+/- Acres — N Cherry Street & Jefferson Avenue
BIDDING BEGINS TO CLOSE:
Wednesday, July 15th
at 12:00PM – Noon (ET)
This strategically situated corner lot in the heart of East Knoxville presents an exceptional opportunity for investors, developers, and entrepreneurs looking to capitalize on one of Knoxville’s rapidly growing urban corridors. Spanning 0.157+/- acres at the corner of N Cherry Street and Jefferson Avenue, the property is currently zoned C-N (Neighborhood Commercial) and offers endless possibilities for a wide range of uses.
Location:
The property’s location is one of its most compelling attributes, situated directly adjacent to Baker Boy Pizza Company and Orange Hat Brewing Company.
Additional location highlights include:
- Quick access to I-40
- Minutes from Downtown Knoxville
- Positioned in the heart of a thriving and energetic East Knoxville neighborhood
The Opportunity:
Corner lots with neighborhood commercial zoning in established and growing East Knoxville corridors are increasingly rare and highly sought after. Whether you’re envisioning a new commercial venture, a mixed-use development, or an investment in one of Knoxville’s most exciting urban neighborhoods, this 0.157+/- acre corner lot is a blank canvas ready for your vision. With the energy of the surrounding business community, quick interstate access, and proximity to Downtown Knoxville, the potential here is truly endless — don’t miss your chance to be a part of everything East Knoxville has to offer.
PLEASE NOTE: The tax records and maps show a house on the property. This house has been removed from the lot. You are purchasing a vacant lot only.
Knox County Parcel / Tax ID:
082JG015
Yearly Property Taxes:
$988.61 – total yearly taxes | $574.47 – City of Knoxville and $414.14– Knox County
Lot Size:
50M x 150M IRR | 0.157 +/- acres
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 August 14th, 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!
