Furrow Auction Company
ABSOLUTE REAL
ESTATE AUCTION

To Be Sold To The Highest Bidder
Without Minimum or Reservation
Former El Paraiso Mexican Grill


400 Park Boulevard
Rogersville, TN

Wednesday, July 20th, 2011 - 12:00 Noon
Inspection: By Appointment
 

Click here for Equipment Auction Information

SPECIAL FINANCING:

Commercial Building - Retail, Office, Warehouse

  • 15% Cash down payment
  • 20 yr amortization / 7 yr maturity
  • 6.0% fixed interest rate

Financing subject to proof of income, acceptable repayment capacity, no bankruptcy or material adverse credit reporting and bank's customer identification program requirements.

Contact:

Wesley G. Lott
(423) 278-3105 office
 

 

  • Built in 1982 – Renovated in 2004
  • Approximately 5,911 Square Foot Restaurant
  • Approximately 0.52 Acre Site
  • Low-pitched gable-style roof with composition asphalt shingles
  • Roof-mounted central heat/air units
  • Total of (37) parking spaces including handicapped parking
  • Able to accommodate approximately 150+/- patrons
  • Over 160’ of frontage along the east side of Park Boulevard
  • Outparcel of existing shopping center known as “Parkview Plaza” that is anchored by a Save-A-Lot Grocery Store, Dollar General, CVS Drug Store & Big Lots
  • Located directly across the street from Rogersville City Park

 

Utilities Available: Electricity / Water / Sewer / Natural Gas
Zoning:
B-3 – Intermediate Business District
Estimated Real Estate Taxes:

Annual Rogersville City Real Estate Taxes – Approx. $3,078.81
Annual Hawkins County Real Estate Taxes – Approx. $4,986.94
Total Annual Real Estate Taxes – Approx. $7,789.21

                        Taxes to be pro-rated at closing.

Directions: In Rogersville, from the intersection of 11W and Park Boulevard, travel south on Park Boulevard for 250 feet to property on LEFT. Property is located in the Parkview Plaza, across from the Rogersville City Park.


Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) and is due today in the form of cash, cashier's check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

Have a Question about this Auction?  Click here to send e-mail directly to a Furrow Representative.

**All Square Footage and Acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

 
 
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AUCTION DOCUMENTS

Auction Brochure
1981 Agreement for Cam Charges
1981 Agreement with Prime Sirloin
Complete Due Diligence
CRS Map
CRS Report
Flood Plain Map
Hawkins County Tax Map
Hawkins County Tax Report
Non-Exclusive Easement of Record for Vehicular & Pedestrian Traffic
Preliminary Title Report
Restrictive Covenants and Easements of Record
Road Right-of-Way of Record
Sample Special Warranty Deed
Tax Information
Title Commitment
TVT Opinion on Common Area Expenses
Vehicular Easement
Zoning Information

 

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