This building is located on a very high traffic count road within the city limits of East Ridge, Tennessee. This neat building is on a 40 foot by 175 foot corner lot with street front paved parking. This commercial building has two restrooms and two heat pumps. The property would be perfect for most any office or commercial use. If you are looking for an investment property that will pay for itself or a location for your business, you WILL NOT want to miss this auction.
The property is zoned C-2 General Commercial District.
Remember this is a 11:00 AM Thursday sale. We will be on the property by 10:00 AM the day of the sale.
The property is Hamilton County Tax Map 169J, Group A, Parcel 032.
Buyers Premium: A 10% buyers premium will be added to the final bid price to determine the contract price.
Terms: 10% of contract price down day of sale. Balance due at closing in approx. 30 days.
This sale will be conducted live and onsite. Online bidding is also available.
See our website for details.
1)10% buyers premium will be added to the final bid price to determine the contract price.
2)The property is being sold subject to confirmation of the Bank
3)The seller will furnish a substitute trustee deed to the property. A title search will not be furnished. That will be up to the purchaser if one is desired. It is highly recommended by the auctioneer.
4) Their are back taxes owed on this property. The 2016, 2017, and 2018 taxes as of 11/13/18 totaled $ 15,729.00 These taxes will be assumed by the buyer.
5) The real estate is being sold "as is".
6) WE are selling real estate only. No personal property is included in the auction.
Terms: A 10% buyers premium will be added to the final bid price to determine the contract price.
10% of the contract price is due down the day of the sale, balance due in approximately 30 days.
Thoroughly read the auction information document and familiarize yourself with the properties offered and the auction terms and conditions. If you will require financing, please see a lender for pre-qualification. If you have questions about the terms, conditions or purchase agreement, contact our office and speak with one of the auction staff. Plan to inspect or drive-by each property in which you are interested. Establish a range of value for the property and bid within your limits. We do not recommend that you bid on a property that you have not seen. There is not an inspection period after the auction. The deposit listed in the terms is due upon being declared the winning bidder. The deposit is non-refundable. This transaction is not contingent on the buyer obtaining financing or upon any other event except as specifically referred to in these terms and conditions. All information about the property has been provided by the seller or public records. All bidders must verify all information to their own satisfaction prior to bidding. Immediately upon completion of the auction, winning bidders will be required to execute an Auction Contract. Please be prepared to close the transaction within 30 days.
Buying real estate at auction is simple and easy.
Good luck in your bidding!
• This property is being sold subject to the confirmation of the bank.
• The seller will furnish a warranty deed to the property, free and clear of any liens. A title search will not be furnished. That will be up to the purchaser if one is desired. The auctioneer highly recommends that the seller obtain a title search.
• The real estate is being sold “as is”. There are no warranties either written or implied. Please rely on your inspections of all properties. We do not recommend bidding on property you have not seen and thoroughly inspected.
• If online bidder is the high bidder the Auction Sales contract will be sent by e-mail from Ron Ramsey & Associates to the successful bidder who must execute and email back to Ron Ramsey & Associates immediately upon closure of the auction. Successful bidders not executing and returning their contract and earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract.
• The information supplied is based on material furnished to Ron Ramsey & Associates by the sellers and other public sources. We believe this information to be true and accurate but buyers should do independent verification.
• Terms: 10% of final bid price required down the day of the sale at the close of auction. The earnest money is payable in the form of cash, cashier’s check, personal or company check, or wire transfer. Earnest Money Deposit Is Non-Refundable. Remaining balance is due within 30 days unless otherwise specified.
• Administrative Fee: In the event a winning bidder fails to submit the signed Auction Sales Contract and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Ron Ramsey & Associates and the Seller. All Administrative Fees are non-refundable.
• Bid early and Bid often!!
AUCTION BIDDING CLOSING TIME
Real estate starts to end Thursday Nov. 15 at 11:00 am subject to auto extended close. If there is a bid placed within the last 5 minutes of the auction, the bidding will be extended for 5 minutes. For example, if a bid is placed at 1:59 pm day of closing, the bidding will automatically be extended to 2:04 pm, and so on. When you bid in this auction, you are creating a binding contract. Ron Ramsey & Associates is not responsible for internet glitches that could affect bidding, and bidders will hold Ron Ramsey & Associates and all workers and agents harmless of any and all claims