Property Description

Live On-Site Absolute Auction with NO MINIMUM, NO RESERVE! A prime multi-use property ready for develpment located on the main corridor leading to the Great Smoky Mountains. 7.41 acres on Hwy 66 being sold in two parcels totaling over 1,900 ft frontage on Hwy 66 and Little Pigeon River. This powerful location has an annual average daily traffic count of +/- 55,000. High Visibility, High Traffic Counts, Pad Ready! Tract 1 consists of 3.44 ac with over 700 ft hwy and river frontage. Tract 2 consists of 4.17 ac with over 1,200 ft hwy and river frontage. All property zoned AC Arterial Commercial District (C-4). Each tract has a billboard currently under lease producing income. Suitable uses include Campground / Retail Distillery / Hotel Motel / Restaurant / Shopping Center / Gasoline Sales / Entertainment / Amusement / Medical. Terms: 10% down day of sale, balance due at closing within 45 days. 10% Buyer's Premium added to winning bid. The succerssful bidder will be required to sign a note for the deposit amount with the contract in addition to deposit paid day of sale. Note shall become null and void when buyer shall complete all the requirements for closing as set out in contract. OWNER FINANCING AVAILABLE - Terms: 20% down, 6% interest, 15-yr amortization, 5-yr balloon. Taxes TBD as parcel has been split into 2 tracts. Buyer to verify all information important to him.

Property Features