ABSOLUTE AUCTION!
COMMERCIAL w/ TENANT

SOLD at Auction! Wed. Nov. 16, 2016

ABSOLUTE AUCTION

COMMERCIAL / INVESTMENT PROPERTY

1504 W. Stone Drive
Kingsport, TN 37660

TENANT IN PLACE
Please Do Not Disturb The Employees of the Business In Operation at this location.
They have NO Auction Information.

The Current Tenant has occupied and continuously operated the property under the same trade name for 11 years (since 2005). They have maintained the property in great condition. Their current TN Restaurant Health Inspection Score is 98. The Tenant has been very successful, and has indicated their desire to remain in business at this location.

Inspection Of Premises Will Be At 9:00 a.m Day Of Auction or on Pre-Auction Weekdays at 9:00 a.m. by Appointment. Please contact the Auctioneer (423-956-3151)

Information Below Is taken from Sullivan County TN Tax Records for the subject property or other third-party sources, and therefore is not guaranteed reliable nor accurate by the Auctioneer or Seller. Please perform your own Buyer Due Diligence to determine the details of the Property to your satisfaction,

Tax Parcel ID # 045D-E-022.00

Tax Appraisal – $589,800
City Taxes – $4,883.54
County Taxes – $6,075.88
Year Built – 1983
Sq. Ft. – 2511
Lot – 145 x 179 Irreg.
Zoning  is B-3

Current # Parking Spaces 20-23
Current # Seating in Restaurant 77

NOTES:
1. Current Year Taxes will be pro-rated between Seller and Buyer at Closing.
2. All Property Taxes due in arrearage will be paid from the proceeds of the sale.
3. Tenant is currently month to month rental.

 

 

 

 

Property Address

1504 W. Stone Dr.
Kingsport, TN 37660

Property is in West Kingsport, near the I-26 Interchange.

Click Here for a Map

Auction Location

Property is in West Kingsport, near the I-26 Interchange.

1504 W. Stone Dr.
Kingsport, TN 37660

Click Here for a Map

Contact David Cole

Questions about this property? Use the information below to contact David Cole directly or click here to open a quick contact form.

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Terms and Notes

TERMS
A 10% Buyers Premium will be added to the wining bid for the real estate being sold to determine the final sales price. Purchaser will pay 10% of the final sale price as deposit at the conclusion of the auction. The balance will be due in full within 15 to 30 days, or as soon as is practicable, but prior to December 30, 2016.

DUE DILIGENCE
This property is being sold “as is, where is, as inspected, day of auction”. Neither the Seller nor the Auctioneer guarantees the accuracy or credibility of pre-auction information. Prospective purchasers are required to perform due diligence prior to bidding at the auction. This means the prospective purchaser must personally seek out the information required for the prospective purchaser to determine the property suitable for purchase. If dimensions are important, measure. If zoning and use is important, contact the appropriate city or county department to inquire as to permitted uses. If any inspection is needed, please consult a professional in the related field. Come to the auction PREPARED to bid.

NOTES
NOTE: Statements, terms, and availability day of auction take precedence over pre-auction advertising, statements, or information.

NOTE: The sale of this property is NOT conditional upon the buyer receiving a loan. Therefore, you must come prepared to bid and buy on the day of the auction!