Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, 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. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

M&M Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Sale is subject to Seller approval. Closing to occur on or before February 29th, 2024.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!

2 PROPERTIES: SEE BELOW: Commercial Property � 2715 Sanderson Road � Knoxville, TN 37921 ONLINE ONLY COMMERCIAL REAL ESTATE AUCTION Commercial property located just off of Western Avenue and I-640 BIDDING BEGINS TO CLOSE: Tuesday, January 30th at 12:00PM � Noon (ET) OPEN HOUSE: Wednesday, January 24th from 2:00-4:00PM (ET) Conveniently located commercial property � renovated house with 2 detached outbuildings Ideal location for a small business owner Hardscaped/paver stone driveway Interior of the main building holds a rustic/barnwood decor Approx. 827 SF in main building with full kitchen, eat-in area, conference room, 2 offices with closets, full bathroom and washer & dryer hookups Detached 20�x36' block construction shop/garage with single-car garage door Detached 16�x24.5' building with half bathroom Located with quick access to I-640 and Western Avenue Property is zoned C-G-1 with multiple use options Knox County Parcel / Tax ID: 093DG03202 Yearly Property Taxes: City of Knoxville � $1,447.38| Knox County � $1,043.43 | Total Yearly Taxes � $2,490.81 Zoning: C-G-1 Lot Size: 74.87 x 146.57 IRR | 0.25+/- acre 4,300 SF Commercial Building � 5611 Merchants Center Boulevard � Knoxville, TN 37912 ONLINE ONLY COMMERCIAL REAL ESTATE AUCTION 4,300+/- SF commercial building with quick access to I-75, I-640 and Clinton Highway BIDDING BEGINS TO CLOSE: Tuesday, January 30th at 12:00PM � Noon (ET) OPEN HOUSE: Thursday, January 25th from 5:00-6:00PM (ET) BUILDING IS OCCUPIED � PLEASE DO NOT DISTURB TENANT Single level 4,300+/- SF commercial building sitting on a large 0.89+/- acre lot with room to expand 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 � lease attached Knox County Parcel / Tax ID: 068KC00215 Yearly Property Taxes: City of Knoxville � $5,238.11 | Knox County � $3,776.22 | Total Yearly Taxes � $9,014.33 Zoning: C-H-2 Lot Size: 0.89+/- acre