Absolute Commercial Real Estate Auction Friday, January 22, 2016 Time: 10:00 AM 1211 E Magnolia Avenue Knoxville, TN 37917 Office: Knoxville Agent: Kenny Phillips 1211 E Magnolia Avenue Absolute Commercial Real Estate Auction ABSOLUTE REAL ESTATE AUCTION Friday, January 22nd at 10:00AM 1211 E Magnolia Avenue Knoxville, TN 37917 Commercial Building located at the corner of Magnolia Avenue and Gibbons Street Real Estate to be sold only---Does not include the business or any assets related thereto Zoned C-3 Approx. 1859 SF Lot Size: 50 x 150 Fenced Back Lot Current tenant has occupied the building since 2009 Brick Exterior Tax Appraisal: $86,300 Total Taxes: $1,741.77 Annual Income of $12,000 TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately 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. The balance is to be paid in full at the deed closing within 30 days. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. Maryville Title to conduct the closing. Current taxes will be prorated at the date of closing. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption and Lead Paint Disclosure Waiver will be a part of the sales contract. Lead Paint inspection starts January 4, 2016. Information Deemed Reliable, but not Guaranteed. Buyer to Verify all information. DIRECTIONS: I-40 to the Broadway/ Hall of Fame Exit. Take Hall of Fame towards Downtown to Left on Magnolia Avenue.The property will be on the Left. Important Information Bing Map CRS Report