SOLD | Commercial Building | 7812 Rutledge Pike – Rutledge, TN 37861

ONLINE ONLY REAL ESTATE AUCTION

Over 7500 SF Commercial Building in Rutledge, TN

Welcome to this exceptional commercial opportunity in the heart of Rutledge, Tennessee! This versatile B-1 zoned property, formerly home to the American Legion, offers incredible potential for various business ventures in this over 7500 SF building.

Property Highlights:

• Two distinct levels with separate entrances and HVAC systems
• Solid block construction with durable metal roof
• Abundant parking space
• Fresh interior paint
• Updated flooring: new foyer flooring on main level, new carpet in lower level, classic hardwood throughout most of main floor

Main Level Features:

• Professional layout with 7 private offices
• Welcoming reception area
• Conference space
• Convenient break room
• Two restrooms

Lower Level Amenities:

• Expansive open concept space
• 3 additional offices
• Large commercial kitchen
• Two restrooms

Notable Exterior Features:

• Full-length covered rear porch
• Multiple access points with side and lower-level entrances
• Generous parking area surrounding the building
• Extra storage area
• Public water & sewer

Flexible Usage Options:

• Maintain as a single large facility
• Split into two separate rental spaces (upper/lower)
• Potential for further division
• Ideal for various uses including:
  • Professional offices
  • Daycare facility
  • Church
  • Endless possibilities

Located in Grainger County, this property is immediately available and ready for its next chapter. Don’t miss this outstanding investment opportunity in Rutledge.

Grainger County Parcel / Tax ID:

049P C 012.00

Yearly Property Taxes:

$1,608.58 – Grainger County only

Lot Size:

200 x 178 IRR | 1 +/- acre

Year Built:

1960

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 April 21, 2025.

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!