35 Acres - Prime Development Land - w/As-New Warehouse

Industrial for Sale
Sale Pending/Contingent
Also listed as Vacant Land
Catylist Listing ID: 30821509
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Status: Pending/Contingent
Building Size (RSF): 17,000 SF
Gross Building Area: See Agent
Gross Land Area: 35.86 Acres
Sale Price: $3,400,000
Unit Price: $200 PSF
Ceiling: 19.5 ft.
Docks/Doors: 2 Docks, 4 Doors
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2022

Overview / Comments

35 acres of ideal commercial property with a 17,000 sq' recently refurbished 'As-New' warehouse..

Sevier County zoned industrial it's ideally suited for most any commercial use, including, but not limited to, a light industrial park, multi-tenant commercial park, warehouse and distribution center, Planned Unit Development, shopping/retail center and so much more.

Property used to be home of Heritage Log Home factory so also has the original factory building on site as well as a few other storage and outbuildings.

The Seller has done a fantastic job of cleaning the site and has had a Phase I and Phase II environmental assessment completed from which the property has been issued a clean bill of health.

All utilities are to site, including gas, 3 phase power, sewer and water.

The 17,000+ sq' warehouse has been refurbished to be in a practically 'as-new' condition. Approximately 20' high at center, it features 2 loading docs, front and rear large roller entry doors, fully insulated and internally metal clad walls and ceilings, 3 phase power, exhaust fans, security, lighting, M/F toilet layout, framing and rough-in as well as service pit for heavy equipment. The open space is ideal for immediate use as industrial warehouse or as staging area for future property development.

About half of property has been cleared and graded with the other half of property yet to be cleared. Remaining land should be able to be cut and filled so there shouldn't be any need to bring in external fill.

Property survey has been completed which indicates the precise acreage of 35.86 acres.

Located about 4 miles to the east of downtown Sevierville Tennessee just off Newport Highway, this property is ideally located along a main corridor for traffic entering and departing the Smoky Mountain Region, of which over 14 million people travel through to access the Great Smoky Mountain National Park. Site is ideally located for quick access to Interstates I-40, I-75, I-81 and Highways 411, 441 and 321

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 078051 00500
Zoning: I-1
Property Located Between: Amolee Ln & Country Garage Rd
Highway Access: Off Newport Hwy (411) heading East about 4 miles east of Sevierville. Turn left at Marathon Gas Station stop light and follow it along as it curves to the right then follow until passing Amolee Ln and property on the left. Otherwise, from Sevierville, take the 411 east until Country Garage Rd (Hillbilly Landscape) and turn left. Then turn left again onto Walnut Grove Rd and property is on the right at fence.
Airports: Gatlinburg Pigeon Forge Airport (3.9 miles)
Site Description: Site is approximately 750' wide x 2600' long facing North/South located on an arterial road off Newport Hwy approximately 4.5 miles east of Downtown Sevierville. Front portion (South End) has been cleared and graded with existing structures as remnants from what once was the Heritage Log Home manufacturing site. On absolute road side is a 2022 renovated 'AS-NEW' warehouse approximately 17,000sq' in size with 2 x loading bays and 2 x high roll-up door entries on the northern and southern ends of the building. The original factory, approximately 16,000sq' in size is clean and still in usable condition. There are also a number of other covered storage buildings on site. A Phase I and Phase II environmental assessment has completed from which the property has been issued a clean bill of health. The North half of the property is slightly rolling and with trees but should be able to be cut and filled to grade fairly level using the existing soil on site. Gas, power, water and sewer are available on site. There is a fenced gate for security with two access points along Walnut Grove Rd. A recent survey and topography map are available for review.
Area Description: Sevier County is a county of the U.S. state of Tennessee. As of the 2020 census, the population was 98,380. Its county seat and largest city is Sevierville. Sevier County comprises the Sevierville, TN Micropolitan Statistical Area, which is included in the Knoxville-Morristown-Sevierville, TN Combined Statistical Area. Sevier County has grown into a major tourist destination since the establishment of the Great Smoky Mountains National Park, which dominates the southern portion of the county. One of the very reasons for the park's creation, however, was also one of the county's first major economic engines: the lumber industry. Establishments in what is now the national park felled large amounts of timber in the early 1900s. Though the park effectively killed the logging industry in the late 1930s, it spurred the development of one of the largest tourist resorts in the United States of America, as the Great Smoky Mountains National Park is now the most visited national park in the country with over 14 million people visiting each year. In recent years the tourism bubble has expanded beyond the city of Gatlinburg, which borders the northwestern segment of the national park, and into the nearby cities of Pigeon Forge and Sevierville. Sevier County now has the third largest tourism economy in Tennessee, ranking behind Nashville and Memphis, the state's two largest cities. The commercial cabin rental industry has grown tremendously in recent years.
Tenancy: Single Tenant
Total Number of Buildings: 10
Property Condition: Good
Year Built: 1983
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Aluminum Siding
Exterior Description: Newly renovated warehouse is of steel construction. Also has 3 x open sheds, 1 x shed, 1 x attached shed, 1 x utility building
Parking Type: Surface
X-Phase: 3
Heat Type: Electricity, Natural Gas
Interior Description: Newly renovated warehouse is of steel construction.
Zoning Description: Sevier county zoned Industrial (I-1) As per Sevier County Zoning shows site suitable for any industry which does not cause injurious or obnoxious noise, fire hazards or other objectionable conditions, warehouses, storage facilities, wholesale business, storage yards & buildings, planned unit developments, Community & Civic Association Uses, Government buildings, hospital, nursing home, public park, religious assembly, large distillery, winery, hotel/motel (with or without amusement), professional & medical offices, sports club, auto sales, mobile home sales, day care center, funeral home, gas station, restaurant, retail stores, distilleries. wineries, shopping centers, auto repair garages, communication antennas and towers, construction services and offices, public utilities, terminals
Lot Frontage: 320 feet
Lot Depth: 2650 feet
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: Parcel ID/Tax ID: 051 005.00 (Special Int 000 and 001) Land Map: 051 | District/Ward: 04 | 2020 Census Trct/Blk: 806.03/3 | Book 5817 | Page 174 | Document # 21021951

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,183 26,177
Median Age: 40.14 39.39
Households: 6,050 10,180

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