Site of Old City nightclub sells for $3.8 million

Nick McBrideOn the Grow

Hello everyone! Since today is the last day of March, be on the lookout for pranks tomorrow!

Total sales for the week of March 21-25 brought in over $88 million with 10 warranty deeds carrying a price of $1 million or more. Three of the 249 property sales were commercial properties, including the highest value property transfer from Hatcher Hill NV LLC to Manki 3 Investments LLC. The former NV nightclub, located at 125 E. Jackson Avenue in the Old City, is looking for a new life. This L-shaped building with a courtyard changed hands for $3.8 million.

Nick McBride

Bojangles restaurant on Maynardville Pike sold for the second highest amount. Ownership of this property transferred from R&S Development to Baxter-Cargill Inc. et al, for $3.3 million (Bojangles is not going anywhere).

The other commercial property to change hands is on E. Emory Road. Crossroad LLC sold the property at 1509 E. Emory Road to Emory Properties LLC for $1.5 million.

The total loan value for the week was over $128 million and was made up of 444 loans. Eight of those were loans over $1 million, with Bank of Tennessee funding the highest jumbo loan for $19.33 million, and ORNL Federal Credit Union with the second highest loan of $4.22 million. The others were:

Look at this comparison of the past three years—up by $200 million in each category over the last two years.

Have you seen our website lately? We have a new tool available for the public to use for figuring filing fees — our Fee Calculator is easy to use, just go here.

Who doesn’t love a good pancake? If you don’t already know, the Knox County Office on Aging is holding the O’Connor Senior Center Pancake Fest and Senior Expo tomorrow morning from 7 a.m. to 1 p.m. Our office will be represented, and I look forward to seeing you there! For more information on that go here. Have a great weekend!

Nick McBride is register of deeds for Knox County.

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