ABSOLUTE ONLINE
COMMERCIAL
REAL ESTATE AUCTION
"GRACIE'S RESTAURANT"
766 EAST LINCOLN RD.
MARYVILLE, TN 37804
BEGINS TUES. APRIL 12TH @ 10:00AM
STARTS ENDING APRIL 19TH @ 2:00PM
PREVIEW THURS. APRIL 7TH 2-4PM
(OR BY APPOINTMENT)
WE HAVE BEEN COMMISSIONED TO SELL AT ABSOLUTE AUCTION THE FORMER GRACIE'S RESTAURANT. GRACIE'S WAS ONE OF MARYVILLE'S STAPLE HOME TOWN RESTAURANTS FOR MANY YEARS AND WERE KNOWN FOR GIVING BACK TO THEIR COMMUNITY. THE BUSINESS SUFFERED A FIRE A YEAR AGO DAMAGING THE RESTAURANT. THE BUILDING WILL NEED A TOTAL REBUILD. THE WALLS OF THE STRUCTURE ARE CINDER BLOCK ON CONCRETE SLAB, IT NEEDS NEW ROOF TRUSSES, ROOF, AND NEW WIRING. IT COULD BE TORN DOWN AND BUILT BACK AS YOU LIKE; THIS PROPERTY WOULD LEND ITSELF TO MANY DIFFERENT USES. THE CURRENT BUILDING IS APPROX. 2486 SQUARE FEET, WITH MEN'S & WOMEN'S RESTROOMS, AND ASPHALT PARKING LOT.
CURRENT ZONING: COMMERCIAL "OFFICE"
"Allows professional and business offices, personal care services, low density residential uses, as well as tea rooms upon review by the BZA. Intensity of development is low to moderate and should be compatible with nearby residences."
CURRENT YEARLY TAXES:
MARYVILLE CITY: $805.40
MARYVILLE CITY: $805.40
BLOUNT COUNTY: $876.36
PUBLIC SEWER, WATER, & GAS AVAILABLE
10% BUYER'S PREMIUM ADDED TO FINAL BID PRICE. 10% DOWN DAY OF SALE, REMAINDER DUE IN 30 DAYS OR LESS. SOLD AS-IS WITH NO CONTINGENCIES. SOME INFO FROM TAX RECORDS, POTENTIAL BUYER TO VERIFY ALL INFO. STRUCTURES BUILT BEFORE 1978 MAY CONTAIN LEAD BASED PAINT. THERE IS AN AUTO-EXTEND FEATURE ENABLED ON THE AUCTION. IF THE PROPERTY RECEIVES A BID WITHIN 5 MINUTES OF THE CLOSE OF THE AUCTION, THEN THE AUCTION AUTOMATICALLY EXTENDS FOR 5 MINUTES. THIS WILL GO ON UNTIL ALL BIDDING IS EXHAUSTED, THEN THE TIME WILL TICK DOWN AND THE AUCTION WILL CLOSE. THIS CLOSELY MIMICKS A LIVE AUCTION WHERE THE AUCTIONEER CONINUES TO CRY FOR BIDS, THEN ONCE THE BIDDING HAS STOPPED, THE LIVE AUCTIONEERS SAYS "SOLD!". IF YOU DON'T UNDERSTAND AND HAVE ANY QUESTIONS ABOUT THE AUCTION, CALL US AND WE CAN EXPLAIN HOW IT WORKS. IF YOU DON'T TRUST THE SYSTEM THEN DON'T BID! THANK YOU AND HAPPY BIDDING!