SOLD | $101,200 | Commercial Lot | Rutledge Pike – Blaine, TN 37709
ONLINE ONLY REAL ESTATE AUCTION
Selling on behalf of the Stanley Thurman Estate
BIDDING BEGINS TO CLOSE:
Wednesday, September 24th
at 12:00PM – Noon (ET)
Prime Commercial Development Opportunity
0.73+/- Acre Strategic Location
Exceptional commercial lot positioned at the high-traffic intersection of Rutledge Pike and Highway 61. This property offers maximum visibility and accessibility, making it ideal for retail, restaurant, or service business development.
Location Advantages
- Positioning at two major roadways ensures optimal exposure
- Convenient access from multiple directions
- High daily traffic counts provide built-in customer base
- 2024 Annual Average Daily Traffic Counts of 12,738 (south of intersection of Rutledge Pike & Highway 61 – Location ID: 29000018), 6,168 (north of intersection of Rutledge Pike & Highway 61 – Location ID: 29000020) and 3,687 (Highway 61 – Location ID: 29000069)
- 0.73+/- acres offers ample space for building and parking
Development Potential
Perfect for businesses seeking prominent location with strong traffic flow. The strategic corner placement and generous lot size provide flexibility for various commercial ventures requiring high visibility and easy customer access.
An exceptional opportunity to establish your business at one of the area’s most advantageous commercial locations.
Grainger County Parcel / Tax ID:
092 021.00
Yearly Property Taxes:
$225.60 – Grainger County only
Lot Size:
0.73 +/- acre
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 24th, 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!
