Property 15: Real Estate Auction: Cannon Commons 9 acre assemblage of 7 parcels

5134 Hwy 58, Chattanooga, TN 37416

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Absolute Auction

Trustee-Ordered Estate Liquidation

 

Property 15:

 

Auction Date: Tuesday, November 17th at 6:00pm. Auction held at Chattanooga Convention Center

 

Unable to attend the live auction?

You can bid online at: https://bid.svnauctions.com

 

 

Property Address: 5134 Hwy 58, Chattanooga, TN 37416

 

Assemblage Parcels:

  • Parcel 120N D 012 (0.43+/- acre)

  • Parcel 120N D 014 (0.33+/- acre)

  • Parcel 120N D 015 (0.17+/- acre)

  • Parcel 120N D 016 (0.87+/- acre)

  • Parcel 120N D 017 (0.12+/- acre)

  • Parcel 120N D 018 (0.78+/- acre)

  • Parcel 120N D 001 (6.3+/- acres)

Property Inspection:

Inspect land during business hours

 

Parcel Info Links:

 

Property 15A

 

Parcel 120N D 012 (0.43+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 012

 

Real Estate Highlights:

  • 0.43 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

 

Property 15B

 

Parcel 120N D 014 (0.43+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 014

 

Real Estate Highlights:

  • 0.33 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

 

Property 15C

Parcel 120N D 015 (0.17+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 015

 

Real Estate Highlights:

  • 0.17 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

 

Property 15D

 

Parcel 120N D 016 (0.87+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 016

 

Real Estate Highlights:

  • 0.87 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

 

Property 15E

Parcel 120N D 017 (0.12+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 017

 

Real Estate Highlights:

  • 0.12 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

  Property 15F

Parcel 120N D 018 (0.78+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 018

 

Real Estate Highlights:

  • 0.78 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

  Property 15G

Parcel 120N D 001 (6.3+/- acre)

 

Property Address: 0 Hwy 58, Chattanooga, TN 37416 120N D 001

 

Real Estate Highlights:

  • 6.3 acre lot

  • zoned C-5

Additional Info:

Directions: Google Map Link

 

 

 

Directions:

Photos:

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Call for disclosure information & bidding instructions.

Sperry Van Ness/INTERSTATE AUCTION COMPANY

404-303-1232


 

Additional Property Information:

Title Report

All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.

Terms:

  • In order to be eligible to bid, bidders must show a $2,000 cashier’s check, cash, or approved check for each property they intend to purchase.

  • A 10% buyer’s premium will be added to the high bid to determine the purchase price.

  • Immediately following the auction, the high bidder will sign the Auction Purchase and Sale Agreement provided on the auction website completed with the high bid, buyer’s premium, purchase price and down payment, and with no changes made by the purchaser.

  • The high bidder will make a 10% down payment based on the purchase price, and close in 30 days.

  • The down payment will consist of a $2,000 cashier’s check, cash, or approved check with a personal or business check for the balance of the down payment.

  • All closings will be conducted by Title Guaranty and Trust at 617 Walnut Street, Chattanooga, TN 37402. Purchasers are responsible for scheduling the closings on or before 30 days from the contract acceptance date. All closing costs will be paid by the purchaser. Taxes, rents, and operating expenses will be prorated at closing. The closing fee is $500 per contract. The deed/doc preparation fee is $125 per contract. A title premium schedule is available at www.titleguarantyandtrust.com. The title premium includes the title search, exam, and risk.
    Title Guaranty and Trust
    617 Walnut Street
    Chattanooga, TN 37402
    (o) 423-266-5751
    (f) 423-265-8855
    titleguarantyandtrust.com

  • Taxes, rents, utilities and other expenses will be prorated at closing.

  • All properties will be sold subject to any leases in effect and tenants at will.

  • All properties will be sold AS IS, WHERE IS, WITH ALL FAULTS, AND WITHOUT WARRANTY.

  • Properties will be sold with title as shown in the provided Title Commitment Letter.

  • All inspections including lead based paint and environmental inspections must be done prior to bidding.

  • The Auction Purchase and Sale Agreement will not be subject to an inspection or diligence period.

  • See the Terms and Conditions Bidder’s Affidavit for complete terms and conditions.

Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents listed above.

 

Please check back frequently for changes.

Any and all information contained on the site is subject to changes and corrections, and that it is the prospective purchaser's responsibility to verify that he/she has the most current information.

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