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 court approval. Closing to occur on or before December 20, 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!

Commercial Development Opportunity � 2530 Andersonville Highway � Clinton, TN 37716 ONLINE ONLY REAL ESTATE AUCTION Commercial development opportunity in Anderson County Less than 1/4 mile from I-75 exit 122 BIDDING BEGINS TO CLOSE: Wednesday, November 20th at 12:00PM � Noon (ET) 9.2+/- acres offered in 2 tracts and as a whole Prime development opportunity located less than 1/4 mile from I-75 exit 122 (Clinton/Norris) Great visibility and excellent location Exit 122 is a highly traveled exit, with Andersonville Highway serving as the gateway to the southern side of Norris Lake, with easy access to Norris Dam, multiple parks, marinas, and campgrounds The current ownership of the property planned to develop the property as a boat dealership and RV/Boat storage facility, but due to personal reasons must liquidate the property! Site/concept plan attached showing the boat dealership, accessory building and approx. 90 storage spots Endless development possibilities with this property Water, sewer and electricity are available TRACT 1 | 2.65+/- acres � Zoned C-2 � 438.11' +/- of road frontage on Andersonville Highway � Parcel/Tax ID: 043 022.20 TRACT 2 | 6.55+/- acres � Zoned I-1 � 455.80�+/- of road frontage on Acuff Lane and 520.35�+/- of road frontage on Nagaf Lane � Parcel/Tax ID: 042 022.05 Anderson County Parcel / Tax IDs: TRACT 1 | 043 022.20 (2.65+/- acres) TRACT 2 | 043 022.05 (6.55+/- acres) Yearly Property Taxes: TRACT 1 | $6,826.70 � total yearly taxes | $2,525.82 � City of Norris and $4,300.88 � Anderson County TRACT 2 | $6,885.13 � total yearly taxes | $2,547.44 � City of Norris and $4,337.69 � Anderson County PROPERTY AS A WHOLE | $13,711.83 � total yearly taxes | $5,073.26 � City of Norris and $8,638.57 � Anderson County Lot Size: TRACT 1 | 2.65+/- acres TRACT 2 | 6.55+/- acres PROPERTY AS A WHOLE | 9.2+/- acres