224 E Madison Ave

Description

ONLINE ONLY REAL ESTATE AUCTION | 1 of 5 Premier Commercial Properties in Downtown Athens, TN - B-2 Central Business District - SELLING TO THE HIGHEST BIDDER | BIDDING BEGINS TO CLOSE: Tuesday, September 1st at 12:00PM - Noon (ET) | OPEN HOUSE: Friday, August 28th at 12:00PM - Noon (ET) | This one-of-a-kind 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. Authentic 1950s service station restored to original appearance with 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, and two glass rollup doors. Interior features a front office and reception area with polished concrete floor, two-bay shop area with shop sink and large mechanical room. Recent updates completed between 2024-2025 including a new rubber roof, new HVAC system, new glass storefront, new glass rollup doors, interior and exterior paint, polished concrete floor in the office area, and some updated wiring. 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 1950s service station offers a character and presence that simply cannot be replicated. 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. 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. Buyer to verify all information. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709