- Sep 22 2022
- 12:00 pm
SOLD | $1,058,200 | Commercial Development Opportunity
6701 Central Avenue Pike | Knoxville, TN 37912
+/- 18.51 acres of prime commerical development land
Online Real Estate Auction
BIDDING BEGINS TO CLOSE
Thursday, September 22nd at 12:00PM (Noon)
Selling Absolute to the highest bidder regardless of price
- Commercial development opportunity
- One of the last underveloped interstate exit corners in Knox county
- Excellent multi-use property offered at auction
- Great location for a car dealership, hotel/motel, shopping center, resturants, and more!!!
- Located at the I-75 Callahan Drive exit – the corner of Callahan Drive and Central Avenue Pike
- 2019 Traffic Counts:
- Callahan Drive: 21,880
- Central Avenue Pike: 7,240
- +/- 18.51 acres offered as a whole (tax records show +/- 17.76 acres)
- +/- 1360′ of total road frontage (642′ on Callahan Drive and 718′ on Central Avenue Pike)
- Sewer, water, electric, and natural gas available
- Billboard on property is currently leased through Douglas Media and the seller receives $600.00 per year
Knox County Parcel/Tax ID:
Yearly Property Taxes:
$981.03 (Knox County Only)
$2,121.15 (City of Knoxville)
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 October 24, 2022.
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. **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!