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Absolute Auction of Closed Hotel
Watch this Listing
Listing ID: 115699 
Status: Deleted
4625 Asheville Highway ~ Knoxville, TN Commercial / Industrial | Commercial / Industrial
Current Bid: $150,000  (No Reserve)
Number of Bids: 2 Bid History
High Bidder: offline bidder
Time Remaining
DaysHoursMinutesSeconds
- - - -
 
Bidding Opens: Aug 19, 2013 8:26 PM
Bidding Ends: Sep 18, 2013 10:59 PM  (Central)
Starting Bid: $1,000
Contact: Pozy Auctions
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms


Contact Information
Contact Type: Auctioneer
Contact Name: Pozy Auctions
Agency Name: David Pozy
Contact Phone: (865) 862-8520
Showings: Call for Appointment


Address Information
Street Address: 4625 Asheville Highway
City: Knoxville
State/Province: TN
Postal/ZIP Code: 37914
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Commercial / Industrial
Category: Commercial / Industrial
Square Footage: 7,795 (Approximate)
Lot Size: 379.68x700
Year Built: 1960
Taxes: $20,188
MLS/FMLS ID:

Picture Gallery

Description
Absolute Auction - Thursday September 19th  12:00 Noon

Lot 1: 4625 Asheville Hwy

Parcel #1  5.65 Acres - Motel Buildings 2 in all.  49,696 Sq. Ft. built in 1960.  108 rooms or office shells.  City water and sewer. All Brick, two story, outer enterance motel rooms.  Could be used for storage units, hotel or offices.  One side overlooks the pool, fire pit and recreation area.

Main lobby and offices consists of 6,938 Sq. Ft., 5 Offices, Massive industrial kitchen, 2 large community rooms,
380 ft of road frontage on Asheville Hwy, Zoned 01 (Office, medical and relative services), pool, fire pit, lots of storage
Community Pool and Fire PitLarge centralized community area with pool and fire pit.  Could serve many functions

10% Buyer's Premium Applies

 


Bidding History
BidderBid AmountBid TimestampAuto-Bid
offline bidder$150,000 Fri - Aug 30, 2013 08:50:06 AM
Steve$1,000 Thu - Aug 22, 2013 08:50:41 PM

Questions
 
Question: Can you put a few pictures of the rooms that are attached to the main buildiing
Answer: Go to our site www.pozyauctions.com and click on Auctions. Then click on the property there you will Find more photos.

Terms
  1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  2. While auction is "active", all bids can be placed online or offline.
  3. Winning bid is subject to seller approval prior to live auction.
  4. A 10% buyer’s premium will be added to the final bid price to arrive at the total contract purchase price paid by the buyer(s).
  5. Buyers Agent commission of 2% is being offered.
  6. All bids are placed in US Dollars.
  7. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  8. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  9. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  10. The high bidder will be notified via email after the auction ends however, not necessarily the winning bid if we are going to live auction the next day. If you are out bid in the live auction you can increase via phone or absentee.
  11. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  12. Sale is “as-is”, "where-is". Seller will not fix anything.
  13. Within 1 day of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a Purchase & Sale Agreement at the winning bid amount and based on the terms described here.
  14. Closing will take place at seller's title company, Residential Title in Knoxville, TN within 20 days of signing the contract.
  15. When contract is signed, winning bidder will pay 10% nonrefundable down payment to be held at Keller Williams Realty / Pozy Auctions.
  16. The down payment may be paid in personal check, business check and/or cash.
  17. Winning bidder may, at their option and expense order a title examination and insurance.
  18. Seller will include the following personal property in the sale: None
  19. Please note: The online bidders will need to be present the day of the sale. We do not have service on the premises. If you are the highest bidder online this does not necessarily mean you are the highest bidder because of the onsite auction being conducted the day of the sale. Please call with any additional questions.
  20. Seller will exclude the following real property from the sale: None
Buyer Premium: 10.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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