Jackson Real Estate and Auction : Auction Site
 
 

Commercial Property Auction Cosby Hwy, Newport

Saturday, Oct. 1st, 2016 at 10:30 AM.
722 Cosby Hwy., Newport, TN 37821

Fantastic Location! State Hwy frontage (Cosby Hwy) less than two minutes from I-40 exit 435 with 21,000 cars passing this site daily. Great for any walk-in business: fast food or sit-down dining, hair salon, jewelry sales, car dealership, automotive repair, pawn shop, tobacco outlet... You name it; they will come! Great opportunity awaits. All amenities are available.

772 Cosby Hwy., Newport, TN 37821

COMMERCIAL • ZONED C-2

Flyer Page 1

Fantastic Location! State Hwy frontage (Cosby Hwy) less than two minutes from I-40 exit 435 with 21,000 cars passing this site daily. Great for any walk-in business: fast food or sit-down dining, hair salon, jewelry sales, car dealership, automotive repair, pawn shop, tobacco outlet... You name it; they will come! Great opportunity awaits. All amenities are available. Make your appointment today.

Please feel free to drive by anytime. Contact Mark Jackson at 865-397-4214 or Rodney Manning at 865-368-1400 for additional information. You may also view these documents online at www.JacksonJackson.com. Please look for the auction button on our website.

AUCTION! Everyone Invited to Bid! Jackson Real Estate & Auction has been commissioned to sell at Auction, Commercial property divided into 2 tracts located in Cocke County, TN belonging to the Ramsey’s.

This PRIME COMMERCIAL PROPERTY located 2/10 of a mile from I-40 exit 435 Newport, TN on Cosby Hwy with a traffic count of 21,000 cars per day per TDOT. Property is in 2 parcels. Tract 1 has 150 feet of Cosby Hwy road frontage. Tract 2 has old house seat with all amenities attached. Current use is East Tennessee Auto Sales.

These 2 properties will be sold at AUCTION on Saturday, October 1st, 2016 at 10:30 am. The auction will be held onsite. Rain or Shine!

YOU BID! YOU SET THE PRICE!

BUYER’S PREMIUM: There is NO BUYER’S PREMIUM at this Auction. You Bid You Buy!

DIRECTIONS: From I-40 exit 435 take Cosby Hwy North 2/10 of a mile and auction site is on Right.

TERMS OF SALE: Buyers must have onsite a personal check, cashier’s check or cash and pay a 10% deposit on day of sale, sign a contract and promissory note for the amount of their bid. Said note shall become null and void at the closing. All deposit money shall be held in a trust account until closing.

CLOSING: Final settlement and closing shall occur on or before 30 days from sale date. Transfer of deed will be at Jefferson Title, 1030 S. Hwy 92, Dandridge, TN 37725 Tel: 865-397-9428, Tracey Monroe closing agent.

DISCLAIMER: All information contained herein is from public records and is not guaranteed. Property sold in “As Is” condition. A title opinion has been completed by Attorney Larry Churchwell and that opinion is available to the public. According to the attorney the title to the properties are free and clear of liens and can transfer. Title insurance is available upon request. Please measure and inspect to your satisfaction. By bidding publically the buyer is stating that they have completed their due diligence and are satisfied with all aspects of the property and have the necessary funds to close.


Jackson Real Estate & Auction - 1-800-360-5263 - 862 Hwy 92 S, Dandridge, TN, 37725 - Firm #2789