REAL ESTATE ONLINE ONLY AUCTION: 4.96 ACRE DEVELOPMENT TRACT ADJACENT TO TOPGOLF
REAL ESTATE ONLINE ONLY AUCTION: 0 OUTLET DRIVE, KNOXVILLE, TN 37932
BIDDING STARTS TO CLOSE: APRIL 30, 2PM
REGISTER TO BID
Prime Commercial Land Opportunity in West Knoxville – 4.96 Acres
Located in a highly desirable area of West Knoxville, this 4.96-acre parcel of vacant land presents an exceptional opportunity for commercial development. Situated adjacent to Topgolf Knoxville, a premier entertainment venue featuring a high-tech driving range with lounge and rooftop terrace, the property boasts excellent accessibility, visibility, and high foot traffic.
The site is conveniently positioned across from I-40 and Turkey Creek Shopping Center with 212 stores, a wide array of restaurants, and a multiplex cinema. The surrounding area serves 4,882 households within a five-mile radius, with an average household income of $100K to $124K.
The property fronts Outlet Drive, a corridor for hospitality, office, and commercial spaces. Zoned as Outlet Drive Regional Entertainment and Employment District (OD-RE/E), it encourages new development in recreation, hospitality, and employment sectors within the Town of Farragut, TN. Utilities are available at the street.
This is an ideal location for a variety of commercial ventures looking to capitalize on a bustling, high-traffic area with tremendous growth potential. Don’t miss out on this incredible investment opportunity!
Special Note: Per survey, a large portion of this tract is “Non-Buildable Until Such Time As it Can Be Demonstrated That a Building and Associated Structures can Fit and Meet All Town of Farragut Requirements”. (SEE SURVEY)
Inspection: Vacant Land, Property Can Be Viewed at Any Time
In conjunction with Vince Guarnio, Wallace Commercial
REAL ESTATE TERMS
REAL ESTATE AUCTION TERMS >
Click above for full terms. All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
BUYER’S PREMIUM: A 15% buyer’s premium will be added to the high bid. Example: For a $300,000 bid, a 15% buyer’s premium of $45,000 will be added to arrive at the total purchase price of $345,000.
PAYMENT TERMS: The successful bidder will deposit 10% of the purchase price (including Buyers Premium) and is due SALE DAY immediately at the conclusion of auction in the form of Wire, 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 30 DAYS OF SALE DATE, NO EXTENSIONS.
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Samuel J. Furrow | TN PBL #26
