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NOTICE OF JUDICIAL SALE
 
Pursuant to an Amended Order of Sale entered in United States of America vs. the Taxpayers, Case No. 2:17-CV-133, United States District Court for the Eastern District of Tennessee, the United States will offer for sale at public auction, to the highest bidder, according to law and pursuant to the terms and conditions set herein, the property described below:
 
 
Date:10/30/2019
Time:10:00 AM
 
Open House:10/29/2019, 3:00 – 5:00 PM
 
UPDATE - THE OPEN HOUSE DATE HAS BEEN CORRECTED
 
Sale Location: 229 Island St., Kingsport, TN 37660
 
Title Offered: The property shall be offered for sale at public auction, free and clear of all liens and interests of the parties to this action.
 
Description of Property: 14,410 sq. ft. Office/Warehouse Commercial Building situated on 0.37 acre more commonly known as 229 Island St., Kingsport, TN 37660; Parcel No. 046O-F-018.00.

There are also several pieces of machinery being sold with the real estate, as follows:

1) Akiyama Hi-Ace HA-428-C
2) Stahl GMBH & Co. RX 52A, Masch No. 30734-127072
3) 1890 Chandler & Price Printing Press, Manufacture Date: 01/21/1890
4) Rollem Auto4, Serial No. YSN 394/103
5) Harris Offset L238A, Serial No. 376
6) Harris Offset LXG-FR, Serial No. 1875
7) Miehle Printing Press, Serial No. V-21570
8) Ryobi 3302M
9) Stahl GMBH & Co. 2.TX 52/4NA. 9) Polar Mohr 76EM, Masch No. 5361170
 
Property May Be Inspected at:
Via Drive-By at Any Time and at Open House, See Above
 
Minimum Bid: $120,000.00
 
Click here for Mail-in Bid Form
This file will need Adobe Acrobat Reader. If your browser is not configured for pdf files the Adobe Acrobat Reader is free to download.
 
Click here for photos of property
 
The Terms of Payment: See Below
 
Form of Payment: All payments must be by Certified or Cashier’s Check made payable to the United States District Court for the Eastern District of Tennessee.
 
TERMS AND CONDITIONS OF SALE:

No bid (except for bids made by the United States) shall be accepted by the IRS, unless the same is accompanied by a certified check or cashier’s check, in the minimum amount of $24,000.00 (20% of minimum bid) made payable to the Clerk of the United States District Court for the Eastern District of Tennessee. Before being permitted to bid at the sale, all bidders shall display to the IRS proof that they are able comply with this requirement. No bids will be received from any person who has not presented proof that, if he or she is the successful bidder, he or she can make the deposit required by the Order.

The successful bidder shall tender the balance of the purchase price, in certified funds payable to the United States District Court for the Eastern District of Tennessee, at the office of the IRS on or before 4:30 PM, sixty (60) days following the date of the sale (December 30, 2019).

In the event the successful bidder defaults on any of the terms contained in the Order, the deposit shall be forfeited and retained by the IRS as part of the proceeds of sale, and the real property shall again be offered for sale, without further permission of the Court, under the terms and conditions of the Order, or, in the alternative the real property shall be sold to the second highest bidder.

The sale shall be subject to building lines if established, all laws, ordinances, and governmental regulation (including building and zoning ordinances), affecting the premises, and easements and restrictions of record, if any. There is no right to redeem the property after the judicial sale.

The property is offered for sale ´where is´ and ´as is´ and without recourse against the United States. The United States makes no guaranty or warranty of condition of the property, or its fitness for any purpose. The United States will not consider any claim for allowance or adjustment or for the rescission of the sale based on failure of the property to comply with any expressed or implied representation.

The United States may bid as a creditor against its judgments without tender of cash.

The sale of the real property shall be subject to confirmation by the Court. Upon confirmation of the sale and receipt of the entire purchase price, the Court shall issue and the IRS shall deliver to the purchaser, a deed conveying the real property to the purchaser. Upon confirmation of the sale, all interests in, liens against, or claims to, the real property that are or may be asserted by any of the parties to this action are discharged and extinguished.

The United States reserves the right to reject any and all bids and to withdraw the property from sale.

************************IMPORTANT INFORMATION*************************

This is not an advertisement of a sale of administratively seized property. This is an information notice only regarding a sale being conducted by the Internal Revenue Service as a result of the foreclosure of an Internal Revenue Service Federal Tax Lien by the Department of Justice.
 
For additional information about the property and proposed sale, please contact the following office:
Name:Paul Reed
Title: Property Appraisal & Liquidation Specialist
Bureau: Internal Revenue Service
Address: 1899 Powers Ferry Rd., Ste. 250
Atlanta, GA, 30339
Phone: (770) 826-1271
 
Available images for this Item
Front View of Commercial Bldg  
Front View of Commercial Bldg
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Northside View  
Northside View
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Southside View  
Southside View
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Rear View of Bldg  
Rear View of Bldg
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View Into Reception Window  
View Into Reception Window
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Reception Area & Front Door  
Reception Area & Front Door
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Front Office Area  
Front Office Area
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Room in Front Office Area  
Room in Front Office Area
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Another Room in Front Office Area  
Another Room in Front Office Area
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Warehouse Section of Bldg  
Warehouse Section of Bldg
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Front Section of Warehouse  
Front Section of Warehouse
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Large Room on Main Floor - Houses Most Large Machinery  
Large Room on Main Floor - Houses Most Large Machinery
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Another View - Large Machinery Room  
Another View - Large Machinery Room
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Large Open Area on 2nd Floor  
Large Open Area on 2nd Floor
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Another Large Workspace on 2nd Floor  
Another Large Workspace on 2nd Floor
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More Workspace on 2nd Floor  
More Workspace on 2nd Floor
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Another Room, 2nd Floor  
Another Room, 2nd Floor
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Offices on 2nd Floor  
Offices on 2nd Floor
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Other Rooms & Offices on 2nd Floor  
Other Rooms & Offices on 2nd Floor
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Another Room, 2nd Floor  
Another Room, 2nd Floor
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1890 Chandler & Price Printing Press  
1890 Chandler & Price Printing Press
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Akiyama Hi-Ace HA-428-C  
Akiyama Hi-Ace HA-428-C
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Harris Offset L238A  
Harris Offset L238A
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Harris Offset LXG-FR  
Harris Offset LXG-FR
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Miehle Printing Press  
Miehle Printing Press
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Polar Mohr 76EM  
Polar Mohr 76EM
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Rollem Auto4  
Rollem Auto4
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Ryobi 3302M  
Ryobi 3302M
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Stahl GMBH 2.TX52-4NA  
Stahl GMBH 2.TX52-4NA
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Stahl GMBH RX 52A  
Stahl GMBH RX 52A
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Following Pics Are of Water Damage: Pic 1  
Following Pics Are of Water Damage: Pic 1
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Pic 2  
Pic 2
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Pic 3  
Pic 3
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Pic 4  
Pic 4
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Pic 5  
Pic 5
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Pic 6  
Pic 6
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For additional information, please contact Paul Reed
Updated: 10/17/2019
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