5611 Merchants Center Blvd, Knoxville, TN 37912
$445,500
Property Type:
Commercial
Square Footage:
4,312
Lot Size (sq. ft.):
38,768
Status:
Closed
Current Price:
$445,500
List Date:
1/08/2024
Last Modified:
3/01/2024
Overview
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.
Listing Details MLS# 1249627
Location Tax Legal Info
- House #
- 5611
- Street Name
- Merchants Center
- St Suffix
- Blvd
- State/Province
- TN
- Zip Code
- 37912
- PIN #
- 068KC00215
Contract Info
- Auction Y/N
- Yes
General Property Description
- SqFt – Total (Aprox)
- 4312
- Lot Dimensions
- 0.89+/- acre
- Acres
- 0.89
- # of Buildings
- Yes
- Stories
- Yes
- Zoning
- C-H-2
- # Parking Spaces
- 20
- Condition
- Good
- Restrictions
- Yes
- Property Status
- N/A
Status Change Info
- Status Change Date
- 2024-03-01
- Under Contract Date
- 2024-01-31
- Sold Date
- 2024-02-29
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
Location, Tax & Legal Info
- Area
- Knox County – 1
- City/County Code
- City Limits
- Total Tax
- 9014.33
More Information
Location
- Central Busns Area
- Yes
- Inside City
- Yes
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.
Commercial Type
- Commercial
- Yes
- Office Building
- Yes
- Retail
- Yes
- Warehouse
- Yes
- Other
- Yes
Construction
- Concrete Block
- Yes
Sale/Lease Includes
- Building
- Yes
Siding
- Other
- Yes
Road Access
- Public Road
- Yes
Cooling
- Central Cooling
- Yes
Utilities on Site
- Electric
- Yes
- Public Water
- Yes
- Sewer
- Yes
- Telephone
- Yes
Fuel
- Electric
- Yes
Additional Info
- Leases
- Yes
Easements
- Typical Subdivision
- Yes
Heat
- Heat Pump
- Yes
Expenses Included
- Other
- Yes
Building/Business Tp
- Automotive Service
- Yes
- Bar/Tavern/Lounge
- Yes
- Bldg,Trde,Spls & Svc
- Yes
- Business Service
- Yes
- Church
- Yes
- Dental
- Yes
- Distributing
- Yes
- Food Service
- Yes
- Medical
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
- Retail
- Yes
- Warehouse
- Yes
- Wholesale
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Showing
- See Agent Instructns
- Yes
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
Listing Office:
Powell Auction & Realty,LLC
IDX
Office Phone: 865-938-3403
Last Updated: March – 01 – 2024
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