$445,500
Knoxville, TN 37912
MLS# 1249627
Status: Closed
4312 sqft
1 / 28
Property Description
ONLINE ONLY REAL ESTATE AUCTION | BIDDING BEGINS TO CLOSE: Tuesday, January 30th at 12:00PM-Noon (ET) | OPEN HOUSE: Thursday, January 25th from 5-6PM (ET) | Single level 4,300+/- SF commercial building sitting on a large 0.89+/- acre lot with room to expand or possibly add another building. Located with quick access to I-75, I-640 and Clinton Highway. Property is zoned C-H-2 with endless use possibilities. Large paved parking area, covered front porch,large lobby/reception area, conference room, front showroom or office connected to office with office, additional office, large open room currently used as a lab, rear lobby area, (2) restrooms, storage room with kitchen area, currently leased at a base rental rate of $4,500 with lease expiration of 08/2024. Buyer to verify all information prior to bidding.
Details
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 9014.33
Contract Info
Auction Y/N: Yes
Current Price: $445,500
Status: Closed
Listing Date: 2024-01-08
Location
Central Busns Area: 1
Inside City: 1
General Property Description
Lot Dimensions: 0.89+/- acre
Acres: 0.89
# of Buildings: 1
Restrictions: Yes
Stories: 1
Zoning: C-H-2
Property Status: N/A
# Parking Spaces: 20
Condition: Good
SqFt - Total (Aprox): 4312
Remarks & Misc
Directions: I-75 to exit 108 (Merchants Drive). Take Merchants Drive toward Clinton Highway. Turn right on Merchants Center Boulevard (Red Lobster is at the corner). The building will be on the left.
Public Remarks: ONLINE ONLY REAL ESTATE AUCTION | BIDDING BEGINS TO CLOSE: Tuesday, January 30th at 12:00PM-Noon (ET) | OPEN HOUSE: Thursday, January 25th from 5-6PM (ET) | Single level 4,300+/- SF commercial building sitting on a large 0.89+/- acre lot with room to expand or possibly add another building. Located with quick access to I-75, I-640 and Clinton Highway. Property is zoned C-H-2 with endless use possibilities. Large paved parking area, covered front porch,large lobby/reception area, conference room, front showroom or office connected to office with office, additional office, large open room currently used as a lab, rear lobby area, (2) restrooms, storage room with kitchen area, currently leased at a base rental rate of $4,500 with lease expiration of 08/2024. Buyer to verify all information prior to bidding.
Auction
Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2024-01-30
Auction Location: Online Bidding Only
Auction Time: 12:00PM - Noon (ET)
Open for Inspection Date: 2024-01-25
Commercial Type
Commercial: 1
Office Building: 1
Retail: 1
Warehouse: 1
Other: 1
Construction
Concrete Block: 1
Sale/Lease Includes
Building: 1
Siding
Other: 1
Road Access
Public Road: 1
Cooling
Central Cooling: 1
Utilities on Site
Electric: 1
Public Water: 1
Sewer: 1
Telephone: 1
Fuel
Electric: 1
Additional Info
Leases: 1
Easements
Typical Subdivision: 1
Heat
Heat Pump: 1
Expenses Included
Other: 1
Building/Business Tp
Automotive Service: 1
Bar/Tavern/Lounge: 1
Bldg,Trde,Spls & Svc: 1
Business Service: 1
Church: 1
Dental: 1
Distributing: 1
Food Service: 1
Medical: 1
Professional Service: 1
Professional/Office: 1
Retail: 1
Warehouse: 1
Wholesale: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 5611
Street Name: Merchants Center
St Suffix: Blvd
State/Province: TN
Zip Code: 37912
PIN #: 068KC00215
Geo Lat: 36.009957
Geo Lon: -83.975864
Status Change Info
Status Change Date: 2024-03-01
Under Contract Date: 2024-01-31
Sold Date: 2024-02-29
Sold Price: $445,500
Property Features
Commercial Type: Commercial; Office Building; Retail; Warehouse; Other
Road Access: Public Road
Utilities on Site: Electric; Public Water; Sewer; Telephone
Additional Info: Leases
Fuel: Electric
Heat: Heat Pump
Cooling: Central Cooling
Location: Central Busns Area; Inside City
Construction: Concrete Block
Siding: Other
Easements: Typical Subdivision
Expenses Included: Other
New Financing: Cash; Conventional
Showing: See Agent Instructns
IDX
Listing Office: Powell Auction & Realty,LLC
Office Phone: 865-938-3403
Last Updated: March - 01 - 2024
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.