LENDER ORDERED REAL ESTATE AUCTION Wednesday, September 30, 2015 Time: 12 NOON Lifespring Lane/ Washington Pike Knoxville, TN 37918 Office: Knoxville Agent: Kenny Phillips LENDER ORDERED REAL ESTATE AUCTION ABSOLUTE AUCTION LENDER ORDERED REAL ESTATE AUCTION Wednesday, September 30th at 12 NOON Lifespring Lane/ Washington Pike Parcel/ Tax ID: 049 09301 Approximately 17 Acres Zoned SC-1 (Neighborhood Shopping Center District) Located on Washington Pike within the Proposed CIty of Knoxville Washington Pike Project (Widening of the Road to 4 Lanes, Bike Lane and Sidewalks) FOR INFORMATION ON THIS PROJECT CLICK HERE Surrounded by New Development Including: Proposed Dollar General Store, Lifespring Church, and Assisted Living Facility Endless Possibilities to be Developed with this Property 2014 Traffic Counts: Over 10,000+ Total Road Frontage of Over 1,500 Feet Lifespring Lane Frontage: 627.21 Feet Washington Pike Frontage: 332.57 Feet McCampbell Drive Frontage: 564.29 Feet TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. The balance is to be paid in full at the deed closing within 30 days. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. Current taxes will be prorated at the date of closing. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. DIRECTIONS: I-640E to Washington Pike Exit. At Exit Ramp, Turn Left onto Washington Pike to Right onto Washington Pike (at Redlight at Target). Continue on Washington Pike to Property on the Left Important Information 1 Year Growth Plan 2010 Census Tracts 2014 Traffic Counts Bing Map City of Knoxville- Washington Pike Plan Commercial Trade Area Report CRS Report Development Map Property Outline Map Property Survey SC-1 Zoning Information Sector Plan Zoning Map