Real Estate Auction – Professional Office Complex: “The Glass Towers”

REAL ESTATE AUCTION

Professional Office Complex - “The Glass Towers”

999 Executive Park Dr., Kingsport, TN

BID LIVE OR ON-LINE

INSPECTION: MON. & TUES., AUGUST 23rd & 24th from 10:00 AM – 3:00 PM

• 39,530 Total S. F.
• Two 3 Level Glass Towers with Three Level Connector
• Suites from 275 sf to 6,000 sf with Professional tenants in place
• Floor to Ceiling Windows on All Exterior Offices
• 2.2 Acre Lot
• Income Producing
• Abundant Secure Parking
• Sidewalks to Entrances from Parking Lot(s)
• Great, High Visibility Location at intersection of Stone Dr. & John B. Dennis Hwy.
• Traffic Count of Approx. 35,000 Vehicles Daily
• Busy Retail & Restaurant District

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Samuel J. Furrow | TN PBL #26

• 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale day 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.

• Aerial Image
• Appraisal from 2019
• B-3 Zoning Ordinance - City of Kingsport
• Flood Zone Map
• Floor Plans
• Frequently Asked Questions
• Income Expense Summary
• Parcel Map
• Property Report
• Summary of Leases
• Tax Information
• Tax Map
• Traffic Count Map
• Title Commitment
• Title Commitment Exception Documents
• Utility Information
• Water & Sewer Map - City of Kingsport
• Zoning Information
• Zoning Map

• Electricity: Appalachian Power
• Water: City of Kingsport
• Sewer: City of Kingsport
• Gas: N/A

• B3 - Highway Oriented Business District (City of Kingsport)

• According to the Sullivan County Property Assessors Office and the City of Kingsport Tax Office, the annual real estate taxes for the subject property are as follows:
• Sullivan County: $28,126.08
• City of Kingsport: $22,591.70

Buyer will pay a pro-rata share of current year property taxes

• Located at intersection of Stone Dr. & Executive Park Blvd.