ABSOLUTE REAL ESTATE AUCTION

WHEN: Thursday, January 14th, 2021
TIME: 12:00 PM
WHERE: 2501 Nolensville Pike, Nashville, TN 37211

Preview Date: Sunday, January 10th from 2-4 PM

ABSOLUTE AUCTION: Incredible commercial building located in an Opportunity Zone, less than 3 miles to downtown Nashville and less than 1 mile from the new soccer stadium. This is an incredible opportunity to own a fantastic corner, brick building, conveniently located steps away from I-440 and ideally positioned next to I-24 and I-65. This location really could not be any better. The owners successfully operated a real estate office and tax/accountant office for years out of this building and now it is time to sell.

 

Important details of the property:

  • A+ marketing window with optimal exposure on Nolensville Pike.
  • In 2018 TDOT reported a high daily traffic count of 29,622 near this property. Click here to see the link
  • Property located in an Opportunity Zone! Great for investors
  • Commercial building perfect for so many different uses.
  • Less than 1 mile from the new Soccer Stadium
  • Less than 3 miles from downtown Nashville
  • Directly next to I-24 & I-65, steps off I-440.
  • Building built in 1930
  • 1875 sq ft. + an additional 400 +/- sq ft in the loft above downstairs. All heated & cooled
  • 090 acre lot with ample parking in the rear
  • Tall 16′ ceilings with loft
  • Corner building 27′ x 145′
  • 8  partitioned rooms for separate workspaces
  • Kitchenette, two 1/2 bathrooms, one full shower upstairs in loft
  • Metal Roof <1 year old
  • HVAC 7+/- years old – gas heat / electric cooling
  • Water heater 7+/- years old
  • Front, back and side entrances
  • Owners tax business is available to purchase. Over 400 clients valued at $100K

Real Estate sells ABSOLUTE to the Highest Bidder at 12:00 PM CST

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 1 individual tract.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 10% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2021 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by the deed.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

The subject property is in an opportunity zone. Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to various communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated areas.

There are 176 census tracts in Tennessee that are qualified opportunity zones. These tracts were nominated by Tennessee and certified by the Secretary of the Treasury. Tennessee’s 176 tract recommendations were determined based on a strategic and data-driven review of county mayor feedback in addition to consideration of state priorities and initiatives including:

  • Business development and brownfield redevelopment opportunities
  • Retail, commercial and tourism development opportunities
  • Community and rural development initiatives
  • Housing development opportunities
  • Proximity to entrepreneur centers, technology transfer offices, and colleges and universities

Click HERE to see the map of the opportunity zone.

CLICK BELOW TO REGISTER TO BID ONLINE

Details

Preview Date: Sunday, January 10th from 2-4 PM

ABSOLUTE AUCTION: Incredible commercial building located in an Opportunity Zone, less than 3 miles to downtown Nashville and less than 1 mile from the new soccer stadium. This is an incredible opportunity to own a fantastic corner, brick building, conveniently located steps away from I-440 and ideally positioned next to I-24 and I-65. This location really could not be any better. The owners successfully operated a real estate office and tax/accountant office for years out of this building and now it is time to sell.

 

Important details of the property:

  • A+ marketing window with optimal exposure on Nolensville Pike.
  • In 2018 TDOT reported a high daily traffic count of 29,622 near this property. Click here to see the link
  • Property located in an Opportunity Zone! Great for investors
  • Commercial building perfect for so many different uses.
  • Less than 1 mile from the new Soccer Stadium
  • Less than 3 miles from downtown Nashville
  • Directly next to I-24 & I-65, steps off I-440.
  • Building built in 1930
  • 1875 sq ft. + an additional 400 +/- sq ft in the loft above downstairs. All heated & cooled
  • 090 acre lot with ample parking in the rear
  • Tall 16′ ceilings with loft
  • Corner building 27′ x 145′
  • 8  partitioned rooms for separate workspaces
  • Kitchenette, two 1/2 bathrooms, one full shower upstairs in loft
  • Metal Roof <1 year old
  • HVAC 7+/- years old – gas heat / electric cooling
  • Water heater 7+/- years old
  • Front, back and side entrances
  • Owners tax business is available to purchase. Over 400 clients valued at $100K

Real Estate sells ABSOLUTE to the Highest Bidder at 12:00 PM CST

Terms

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 1 individual tract.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 10% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2021 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by the deed.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

Brochure
Virtual Tour
Opportunity Zone Info.

The subject property is in an opportunity zone. Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to various communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated areas.

There are 176 census tracts in Tennessee that are qualified opportunity zones. These tracts were nominated by Tennessee and certified by the Secretary of the Treasury. Tennessee’s 176 tract recommendations were determined based on a strategic and data-driven review of county mayor feedback in addition to consideration of state priorities and initiatives including:

  • Business development and brownfield redevelopment opportunities
  • Retail, commercial and tourism development opportunities
  • Community and rural development initiatives
  • Housing development opportunities
  • Proximity to entrepreneur centers, technology transfer offices, and colleges and universities

Click HERE to see the map of the opportunity zone.

Online Bidding

CLICK BELOW TO REGISTER TO BID ONLINE