Furrow Auction Company
        FORECLOSURE
REAL ESTATE AUCTION

 
2 COMMERCIAL BUILDINGS OF MIXED USE SPACE
KNOWN AS THE A & W PLAZA


301-303 Oak Ridge Turnpike
Oak Ridge, TN

Thursday, September 24th, 2009 - 12:00 Noon

SPECIAL FINANCING WITH APPROVED CREDIT - SEE BANK FOR DETAILS!
  • 20% Cash Down Payment

  • Balance Amortized over 20 years

  • 5 year maturity

  • 6.0% Fixed Interest Rate

Contact Bobby Wells at Greenville Federal Bank, FSB             Phone:  (423) 638-4154

 

3% Broker Participation Offered

Click here for Broker Participation Letter

 
 

 

  • Mixed Use Center
  • Building One (301) – Approximately 7,200 SF
  • Building Two (303) – Approximately 5,460 SF
  • Sits on Approximately 1.15 Acres
  • Approximately 250’ of Road Frontage on Oak Ridge Turnpike
  • 3 Bay Car Wash
  • 3 Bay Oil Lube Location
  • Restaurant Location – Formerly Kay’s Grill
  • Coin Laundry
  • (7) Other Retail/Office Spaces
  • Traffic Count - Approximately 20,000 Cars Per Day
  • Each unit is individually metered for electricity
  • There is (1) one water meter for both buildings
  • Each unit is individually metered for gas
  • Both properties were built in the early 80's

Utilities Available:  Electric/Water/Sewer/Gas
Zoning:
  UB2, Unified General Business District
Estimated Annual Real Estate Taxes:

Oak Ridge City: $3,641.10 annually
Anderson County: $3,682.32 annually
Total: $7,323.42 annually

The property is being sold subject to all current and delinquent real estate taxes. For a breakdown of the total tax amounts, please refer to the Tax Information Document and the Title Commitment Document which can be found under the "Auction Documents" section to the right.

Directions: Traveling north on Pellissippi Parkway toward Oak Ridge travel 6.5 miles.  Stay left on Oak Ridge Highway / TN-62 and continue to follow TN-62 for 6.2 miles.  Travel past Oak Ridge Mall then turn right on Oak Ridge Turnpike and drive 3.7 miles to property on right. 

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.

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Documents are in Adobe PDF format. 
To get a free copy of Acrobat Reader please click here

AUCTION DOCUMENTS

Auction Brochure
Anderson County GIS Report
Broker Letter
City of Oak Ridge Water and Sewer Letter
Demographics Report
Location Map
Memorandum of Lease dated March 25, 2002
Oak Ridge Utility District - Gas Letter
Recorded Plat Map
Restrictions of Record
Sample Successor Trustee's Deed
Successor Trustee's Notice of Sale
Tax Information
TDOT 2008 Traffic Map
Title Commitment
UB2 - Unified General Business District Regulations
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