Real Estate Auction of Highly Visible Commercial Property

AUCTION LOCATION306 Congress Parkway, Athens, TN

AUCTION DATEJuly 19, 2014






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Auction Information

In Conjunction with: Mike Robinson, 423.745.4446

Approx. 14,648 Total Square Feet

  •          Approx. 220’ of Frontage on Congress Parkway
  •          Mixture of Retail Space and Warehouse Space
  •          Excellent Location in Athens Main Business Corridor
  •          Includes Income Producing Billboard

Estimated Real Estate Taxes:
Annual McMinn County Real Estate Taxes: $1,919.21
Annual City of Athens Real Estate Taxes: $1,345.77
Estimated Annual Total Real Estate Taxes: $3,264.98

Buyer is responsible for pro-rated share of current year property taxes

Back/Delinquent Taxes will be paid by seller.

Zoning:  B – 3: Intensive Business District (City of Athens)

Electric: Athens Utility Board
Water: Athens Utility Board
Sewer: Athens Utility Board
Gas: Athens Utility Board
Directions: From the intersection of I-75 & TN-305 (Exit 52), merge onto TN-305 towards Athens (East) and travel approx. 2.0 miles. Turn right onto Congress Parkway and travel approx. 1.5 miles to property on right.

Terms: 10% Buyer’s Premium – Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON FRIDAY, AUGUST 8TH, 2014. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed. THIS PROPERTY SOLD IN IT’S “AS IS, WHERE IS WITH ALL FAULTS” CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE.


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