224 E Madison Ave, Athens, TN 37303

Property Type: Commercial Square Footage: 1,147 Lot Size (sq. ft.): 5,663 Status: Active

List Date: 8/03/2026 Last Modified: 8/16/2026

Overview

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 ... (Read more) 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

Open Houses

Tomorrow, 12:00 pm - 1:00 pm

Listing Details MLS# 1350486

Location Tax Legal Info

House #: 224
St Dir: E
Street Name: Madison
St Suffix: Ave
State/Province: TN
Zip Code: 37303
PIN #: 056M D 063.00

Contract Info

Auction Y/N: Yes

General Property Description

SqFt - Total (Aprox): 1147
Lot Dimensions: 75 x 83.4
Acres: 0.13
# of Buildings: Yes
Stories: Yes
Zoning: B-2
# Parking Spaces: 6
Condition: Good
Restrictions: Yes
Property Status: N/A

Status Change Info

Status Change Date: 2026-08-03

Auction

Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2026-09-01
Auction Location: Online Bidding Only
Auction Time: 12:00PM - Noon (ET)
Open for Inspection Date: 2026-08-28

More Information

Property Features

Commercial Type: Commercial Road Access: Public Road Utilities on Site: Electric; Natural Gas; Public Water; Sewer; Telephone Additional Info: Other Fuel: Electric Heat: Heat Pump Cooling: Central Cooling Location: Central Busns Area; Corner; Detached Building; Inside City Construction: Concrete Block Siding: Metal Easements: None Expenses Included: Other Miscellaneous: Internet Available; Rest Rooms New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Powell Auction & Realty,LLC

Last Updated: August - 16 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

224 E Madison Ave, Athens, TN 37303 (MLS# 1350486)