$517,550
Knoxville, TN 37924
MLS# 1279684
Status: Closed
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Property Description
ONLINE ONLY REAL ESTATE AUCTION | BIDDING BEGINS TO CLOSE: Wednesday, October 30th at 12:00PM-Noon (ET) | Commercial redevelopment opportunity in East Knox County with this 3+/- acre property. Former Helma's Restaurant location. Endless redevelopment possibilities available with this property. Water, sewer and electricity are available. Existing 13000 SF restaurant building and smaller building - buildings are in rough condition and may hold no value. Located at the Asheville Highway/Andrew Johnson Highway split.Zoned CA - General Business in the front of the property and A - Agriculture in the back of the property. Close to KUB substation. Approx. 262′ of road frontage on Asheville Highway.
Details
Documents
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: County
Total Tax: 2058.74
Contract Info
Auction Y/N: Yes
Current Price: $517,550
Status: Closed
Listing Date: 2024-10-17
General Property Description
Lot Dimensions: 3+/- acres
Acres: 3
Acre Source: Tax Records
Restrictions: Yes
Property Status: N/A
Remarks & Misc
Directions: From I-40 take exit 394 (Asheville Highway). Head east on Asheville Highway. The property will be on the right, just before the Asheville Highway/A J Highway split.
Public Remarks: ONLINE ONLY REAL ESTATE AUCTION | BIDDING BEGINS TO CLOSE: Wednesday, October 30th at 12:00PM-Noon (ET) | Commercial redevelopment opportunity in
East Knox County with this 3+/- acre property. Former Helma's Restaurant location. Endless redevelopment possibilities available with this property. Water, sewer and electricity are available. Existing 13000 SF restaurant building and smaller building - buildings are in rough condition and may hold no value. Located at the Asheville Highway/Andrew Johnson Highway split.Zoned CA - General Business in the front of the property and A - Agriculture in the back of the property. Close to KUB substation. Approx. 262′ of road frontage on Asheville Highway.
Auction
Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2024-10-30
Auction Location: Online Bidding Only
Auction Time: 12:00PM - Noon (ET)
Property Sub-Type
Commercial: 1
Topography
Cleared: 1
Level: 1
Rolling: 1
Road Access
U.S. Highway: 1
Road Frontage
Paved: 1
State: 1
Sale Options
Fee Simple: 1
Will Not Divide: 1
Improvements
Utilities on Site: 1
Lot Description
Irregular Lot: 1
Level: 1
Rolling Slope: 1
Easements
Other: 1
Documents on File
None: 1
Developmnt Potential
Commercial: 1
Utilities Available
Electricity: 1
Sewer: 1
Water: 1
Zoning
Zoned Agricultural: 1
Zoned Commercial: 1
Present Structures
Other: 1
New Financing
Cash: 1
Conventional: 1
Showing Instructions
See Agent Instructns: 1
Location Tax Legal Info
House #: 8606
Street Name: Asheville
St Suffix: Hwy
State/Province: TN
Zip Code: 37924
PIN #: 062 251
Geo Lat: 36.024757
Geo Lon: -83.736577
Status Change Info
Status Change Date: 2024-11-27
Under Contract Date: 2024-11-04
Sold Date: 2024-11-27
Sold Price: $517,550
Property Features
Property Sub-Type: Commercial
Topography: Cleared; Level; Rolling
Road Frontage: Paved; State
Road Access: U.S. Highway
Sale Options: Fee Simple; Will Not Divide
Improvements: Utilities on Site
Easements: Other
Lot Description: Irregular Lot; Level; Rolling Slope
Documents on File: None
Developmnt Potential: Commercial
Utilities Available: Electricity; Sewer; Water
Zoning: Zoned Agricultural; Zoned Commercial
Present Structures: Other
New Financing: Cash; Conventional
Showing Instructions: See Agent Instructns
KUB Utility Layout Maps 
IDX
Listing Office: Powell Auction & Realty,LLC
Office Phone: 865-938-3403
Last Updated: November - 27 - 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.