Auction Details

Commercial 4-Space Building on Hwy 100  -  Online Auction


Dates
Starts: Thu, Aug 23 at 12:00 AM US/Central

Ends: Thu, Sep 27 at 6:00 PM US/Central

132 N Central Ave - Commercial Center - 4-Units
6,720 sq ft building on .54 acre lot (Hwy 100)

This commercial building underwent remodeling in 2002, which included a new steel roof (over asphalt), parking area expansion, separate leasable spaces, & exterior and interior improvements.  The HVAC for unit #1 was replaced in 2016.  The HVAC for unit #4 was replaced in 2017.

The commercial center has four leasable spaces (4 Units).
Unit #1 - 2,400 sq ft - Medical Office - 7+ years
Unit #2 - 1,200 sq ft - Currently Open & Available
Unit #3 - 1,200 sq ft - Retail / Service - 10+ years
Unit #4 - 2,000 sq ft - Office / Service / Warehouse - 2+ years

Existing Leases (3) - Call Broker for lease information.

Completely leased this building generates $43,200 gross rental income annually!

Insurance & Property Taxes - Insurance - $2529 annual; Taxes - $2913 annual (2018)

With one space currently available, a new owner can have their own premium commercial location AND income from the other three leased spaces.

Call broker for details.  David Hudgins 931-994-7144
PROCEDURE: The property will be sold as a whole.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing within 30 days.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
ACCEPTANCE OF BID PRICES: The successful bidder will sign a purchase agreement immediately following the close of online bidding. 
BUYER'S PREMIUM: A Ten percent (10%) Buyer's Premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer.
CLOSING: Closing shall take place 30 days after the contract has been fully executed, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession will be given at closing - Date of Deed.
TITLE: Seller shall execute a proper deed (General Warranty Deed) conveying the real estate to the buyer(s). Property will be conveyed with good, clear title. Buyer has the option to purchase TITLE INSURANCE.
REAL ESTATE TAXES AND ASSESSMENTS: The current year taxes on said Property shall be prorated to the date of closing. There are no liens on this property and all taxes are paid current.
EASEMENTS: Sale of said property is subject to any and all easements of record.
SURVEY: No new survey; selling per existing deed.
AGENCY: Hudgins Auctions and its representatives are Exclusive Agents of the Seller.
ZONING: Currently, the property is COMMERCIAL. The property is located on Hwy 100 (North Central Ave) in Centerville. This is approximately one hour west of Nashville, TN.
UTILITIES: Public Water, Sewer, Gas & Electricity are available.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this website listing and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The auctioneer may UPDATE these Terms prior to the auction end date and time. Any changes will be made known to all registered bidders. 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 the auction company. Each registered bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this listing 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 acreages are approximate and have been estimated based on either the current survey, deed of record or property assessor's report.
 

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Hudgins Auctions
Southern Way Real Estate
111 Progress Center Plaza
Centerville, TN 37033

David: 931-994-7144

Susan: 931-994-1751

Auction Firm License - TN5232