Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, 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. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

Reliance Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before October 1st, 2026.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold �AS IS, WHERE IS and WITH ALL FAULTS�, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder�s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!

5 Commercial Properties in Downtown Athens, TN Offered Separately ONLINE ONLY REAL ESTATE AUCTION Premier Commercial Portfolio � 5 Properties in Downtown Athens, TN � B-2 Central Business District � SELLING TO THE HIGHEST BIDDER Powell Auction & Realty BIDDING BEGINS TO CLOSE: Tuesday, September 1st at 12:00PM � Noon (ET) OPEN HOUSE: Friday, August 28th at 12:00PM � Noon (ET) This exceptional commercial portfolio presents a rare and significant opportunity to acquire five strategically located properties in the heart of Downtown Athens, Tennessee. Four of the five properties form a contiguous city block, offering a unified and highly versatile footprint in the Central Business District, while the fifth property sits prominently across Madison Avenue at the corner of Green Street and Madison Avenue. All five properties are zoned B-2 � Central Business District with all utilities available including water, sewer and gas, unlocking a wide range of commercial, retail, office, hospitality, and mixed-use possibilities. The Opportunity: Downtown Athens is a thriving and growing community, and opportunities to acquire a contiguous city block � combined with an additional prominent corner property � in the Central Business District are extraordinarily rare. Whether you�re a developer envisioning a transformative mixed-use project, an investor seeking a significant commercial foothold in McMinn County�s seat, or an entrepreneur looking to establish or expand a business presence in the heart of a vibrant downtown corridor, this portfolio delivers the scale, zoning, and location to make virtually any vision a reality. PROPERTY 1 | 4 Green Street � Athens, TN 37303 This well-maintained approximately 27' x 40' double-wide office building sits prominently at the corner of Green Street and E Madison Avenue, offering excellent visibility and street presence in the heart of Downtown Athens. Completely refreshed in March 2023 with new flooring, HVAC, roof, siding, and plumbing fixtures, the building has not been occupied since its renovation � making it truly move-in ready for its next tenant or owner-occupant. Interior Features: Large reception area � ideal for welcoming clients and customers Three offices � one with a closet Dedicated office with a pass-through counter to the reception area Two bathrooms Utility room with sink The Opportunity: With its prominent corner location, recent top-to-bottom updates, expansive parking, and a functional office layout ready for immediate occupancy, this property is an outstanding option for a professional office, medical or wellness practice, financial services firm, or a wide range of other B-2 permitted uses. McMinn County Parcel / Tax ID: 056M D 080.00 Yearly Property Taxes: $1,442.17 � total yearly taxes | $695.38 � City of Athens and $746.79 � McMinn County Year Built: 1990 Lot Size: 0.33 +/- acre PROPERTY 2 | 224 E Madison Avenue � Athens, TN 37303 This one-of-a-kind approximately 1,147 SF 1950s service station is a true showpiece property in the heart of Downtown Athens, painstakingly restored to its original period appearance and offering an unmatched combination of historic charm and modern functionality. The iconic large canopy over period-style fuel pumps serves as a stunning decorative centerpiece, immediately drawing attention and creating an unforgettable first impression that stands out in any downtown commercial portfolio. Exterior & Structure: Authentic 1950s service station restored to original appearance Large canopy over period-style fuel pumps for decor and visual impact Two exterior restrooms with original period tile Two-bay shop building with front office and reception area Two glass rollup doors Interior Features: Front office and reception area with polished concrete floor Two-bay shop area with shop sink Large mechanical room Recent Updates � 2024-2025: New rubber roof New HVAC system New glass storefront New glass rollup doors Interior and exterior paint Polished concrete floor in the office area Some updated wiring The Opportunity: Whether envisioned as a boutique retail destination, a unique food and beverage concept, an automotive themed business, an event space, or a one-of-a-kind office environment, this lovingly restored approximately 1,147 SF 1950s service station offers a character and presence that simply cannot be replicated. McMinn County Parcel / Tax ID: 0056M D 063.00 Yearly Property Taxes: $548.44 � total yearly taxes | $264.45 � City of Athens and $284.00 � McMinn County Year Built: 1955 Lot Size: 75 x 83.4 | 0.13 +/- acre PROPERTY 3 | 225 E Washington Avenue � Athens, TN 37303 This versatile approximately 2,100 SF commercial space occupies a prominent corner position at E Washington Avenue and Green Street in the heart of Downtown Athens, offering excellent visibility and accessibility in the B-2 Central Business District. The open and adaptable floor plan makes this property an ideal candidate for retail, office, creative, or light commercial use. Interior Features: Large open room � ideal for retail, showroom, workspace, or event use Dedicated office area Break room Full bathroom with walk-in shower The Opportunity: With its prominent corner location, generous open floor plan, private office space, and full bathroom with walk-in shower, this approximately 2,100 SF property offers outstanding flexibility for a wide variety of business concepts. Whether used as a standalone commercial space or as part of the larger contiguous city block portfolio, this corner property adds tremendous visibility, value, and versatility to the overall offering. McMinn County Parcel / Tax ID: 056M D 046.00 Yearly Property Taxes: $1,167.11 � total yearly taxes | $562.76 � City of Athens and $604.36 � McMinn County Year Built: 1981 Lot Size: 75 x 83.4 | 0.13 +/- acre PROPERTY 4 | 221 E Washington Avenue � Athens, TN 37303 This impressive two-story commercial building offers approximately 6,720 SF of versatile space � with approximately 3,360 SF on each level � and stands as a substantial and flexible property in the Downtown Athens portfolio. With two large storefront doors on the main level large enough to drive a vehicle through, a rear rollup door, and expansive open floor plans on both levels, this building offers extraordinary potential for a wide range of commercial, industrial, retail, or creative uses. Main Level � Approximately 3,360 SF: Two large storefront doors � wide enough to accommodate vehicle entry Rollup door on the rear of the building for additional access and loading Mostly open floor plan offering tremendous flexibility Office area with bathroom Upper Level � Approximately 3,360 SF: Mostly open floor plan Stunning exposed brick walls � offering exceptional character and aesthetic appeal ideal for creative, hospitality, or boutique retail concepts The Opportunity: Buildings of this scale, character, and flexibility in a Downtown Athens B-2 Central Business District location are extraordinarily rare. Whether envisioned as a showroom, event venue, creative workspace, brewery, restaurant, retail destination, or mixed-use development, this approximately 6,720 SF two-story building is a truly remarkable asset within the overall portfolio. McMinn County Parcel / Tax ID: 056M D 047.00 Yearly Property Taxes: $1,876.91 � total yearly taxes | $905.00 � City of Athens and $971.71 � McMinn County Year Built: 1920 Lot Size: 0.11 +/- acre PROPERTY 5 | 220 E Madison Avenue � Athens, TN 37303 This strategically situated 0.11+/- acre lot located directly behind 221 E Washington Avenue serves as a valuable and complementary addition to the overall Downtown Athens commercial portfolio. Whether utilized as dedicated parking, future expansion space, or as part of a larger redevelopment vision, this lot adds a meaningful layer of flexibility and potential to the contiguous city block offering. Property Details: 0.11+/- acre lot Located directly behind 221 E Washington Avenue Zoned B-2 � Central Business District Ideal for parking or future development The Opportunity: In a downtown commercial setting where land is at a premium, an additional lot of this nature provides invaluable options for parking, expansion, or future development. As part of the larger five-property portfolio in Downtown Athens, this lot rounds out an already exceptional commercial offering and adds tremendous long-term value and versatility for any buyer or developer with a vision for the future of this remarkable downtown corridor. McMinn County Parcel / Tax ID: 056M D 062.00 Yearly Property Taxes: $154.67 � total yearly taxes | $74.58 � City of Athens and $80.09 � Knox County Lot Size: 41.8 x 83.4 | 0.11 +/- acre