The “Market on the Mountain”, a popular delicatessen and food store on Lookout Mountain, will be auctioned to the highest bidder.
The sale will be June 8 at 11 a.m.
Auctioneer Henry Glascock said this will be an “Absolute” Auction, which means that there is no minimum or reserve price.
He said, "An absolute auction is an unheard-of opportunity to purchase prime commercial real estate on the Tennessee side of Lookout Mountain.
"The Market on the Mountain was generating over $1,000,000 in annual sales and provided an essential service for local residents."
It was announced at the end of April that the only market on the north end of Lookout Mountain was closing.
Sissy and Lex Tarunianz said at the time that Market on the Mountain would close on May 26.
The deli portion of the market closed May 19.
Market on the Mountain has operated for eight years at 124 N. Wautauga Lane near The Commons in Lookout Mountain, Tn.
Lookout Mountain, Ga., just across the state line, once had a grocery, but it burned down many years ago and was not rebuilt.
Call Henry Glascock or www.glascockauction.com