State-of-the-art Woodworking Shop and Equipment

Industrial for Sale
Also listed as Farm/Ranch, Business Opportunity
Catylist Listing ID: 30843804
Property Subtypes: Free-Standing, Mixed Use, Warehouse/Distribution, Other
Building Size (RSF): 7,136 SF
Gross Building Area: See Agent
Gross Land Area: 3.24 Acres
Sale Price: $900,000
Unit Price: $126.12 PSF
Office SF: 1,140 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2023

Overview / Comments

This fabulous cutting-edge facility is offered by Ernie Gross, a well-known woodworker, master craftsman and furniture maker in East Tennessee, who is retiring. Built in 2008 by the owner, the property offers very unique features and comes fully equipped should the buyer wish to continue the woodworking enterprise (See Equipment List). Property may be purchased for $790,000.00 without equipment.

The main building is 7136 SF with a 2-story office space. The total contiguous main level warehouse is approximately 5,996 SF with 20' ceiling height sloping down to 15' at the eves. In addition, there is a compressor room with lines for air tools throughout the building and a separate ventilated paint booth with EPA filtering system.

The lower level of the offices consists of a reception area, break room, 2 bathrooms and storage. The upper level has an executive office and a draftsman area with windows that overlook the grounds and warehouse floor. The offices have Mitsubishi mini splits for heating and cooling. Total office area is 1140 SF.

The warehouse has unique radiant heated floors with a wood fired boiler and an amazing vacuum system on the equipment to control the dust from woodworking activities. There are 2 open front sheds immediately adjacent to the main warehouse and a separate outbuilding open on 2 sides that is 14' tall and houses a commercial sawmill. The property has a circular driveway to support tractor-trailer trucks for large deliveries. Due to the agricultural zoning, other uses will have to be approved by the Anderson County Planning Commission.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $1,991 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 00108612701
Zoning: A-1
Area Description: From I-40 in West Knoxville, take Pellissippi Parkways I-140/TN merging into Hwy 162 through Oak Ridge merging to Hwy 61 to Oliver Springs - Take the downtown exit to Oliver Springs to E Springs Rd, turn right 1.5 miles to Dutch Valley Rd - then 3 miles to property on right.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 2008
Parking Type: Surface
Heat Type: Other
Air Conditioning: Other
Lot Frontage: 1103

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,492 33,291
Median Age: 41.37 43.1
Households: 4,873 14,313

Contact

Photograph of Listing Agent

John F. Lyle

Wallace Commercial KAAR CIE Member
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