Absolute Auction- White Oak Lodge and Restaurant

by Ayers Auction & Realty


June 17, 2014 Tues June 17th at 6 P.M. Eastern


White Oak Lodge and Restaurant 8203 Morgan County Hwy Sunbright, TN


Live / Online


Absolute auction of White Oak Lodge and restaurant in Sunbright, TN. Make plans to attend this auction. Bid and buy at your own price. For more information, please call the Oneida office, 423-569-7922.

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Absolute Auction

White Oak Lodge & Restaurant

on Tuesday June 17th at 6 P.M. EDT

Commercial Real Estate on State Highway. Heat supply is electric wall, window units. Brick/stone building with carpet, fixtures, furniture, inventory included, machinery included: pole sign, T1 phone system, two brand new (never used) commercial water heaters and new aqua pex fresh water lines throughout the motel and restaurant.

This is a motel with a restaurant. The new owners had started to remodel the building when the owners husband passed away. Barbara, the current owner,  now needs to sell the property.

Located in downtown Sunbright next door to the Post office, across the street from the Police Department.  Amazing potential with hotel rooms and living quarters for owner/manager. Base sq ft of 4,434 and basement unfinished of 2,734 sq. ft. according to the tax records, and has a tax appraisal of $120,600.00 located on tax map 033 parcel 043.01 recorded in deed book 083 page 204 county taxes are $935.00 per year.

Subject has 10 motel rooms plus additional living quarters, 3 apartments downstairs plus restaurant.  Possible uses include a motel, apartment complex, office or retail spaces. subject sits on 3/4 of a acre

Terms: Real Estate 10% Down the day of Auction, balance upon closing in 30 days.

A 10% Buyers Premium

Building was built before 1978 so potential buyers will have 10 days prior to auction to conduct a lead base paint inspection.

Property to be sold as is where is, it is up to potential bidders to inspect the property prior to the auction.

Open house on Friday June 13th 2 P.M. to 5 P.M.

and starting on Tuesday June 17th at 4 P.M. until sale time

Conducted By

Ayers Auction & Realty

LaFollette Office: (423) 562-4941

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