Garage with office space

Industrial for Sale
Catylist Listing ID: 30622493
Property Subtypes: Free-Standing, Light Industrial, Truck Terminal
Building Size (RSF): 9,600 SF
Gross Land Area: 3.39 SF
Sale Price: $650,000
Unit Price: $67.71 PSF
Office SF: 889 SF
Drive In Bays: 9 Bays
Property Use Type: Business
Usable Size (USF): 9,600 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/12/2020

Overview / Comments

The property sits on 3.39 acres that has been recently subdivided off of a larger tract. See Survey in documents. The property is improved with a one-story garage/shop building constructed in 2015. The building contains gross building area of 9600 SF, including +/- 889 of finished area.(See Floor Plan) The building has separated office/restroom areas at the south end of the structure, with the remainder of the building being a garage/shop space. There are two offices and a restroom along the south side of a demising wall that separates this finished portion from another finished section consisting of an office and restroom facilities including a shower along the north side of the demising wall. The garage/shop space is unfinished and reflects metal and concrete floors and exposed structure walls and ceilings. The garage/shop space features eight overhead doors and is climate controlled with a central HVAC system augmented with a suspended heater fueled by used oil. Other features include 16' eaves, air compressor service and a mezzanine area located above the office and restroom facilities in the main shop area.
The tract has a level to moderately rolling topography and a mostly cleared terrain. A sizeable portion of the site is paved with an asphalt drive and asphalt parking areas around the primary building. Public water and electric are available. The sewage disposal is handled by a subsurface septic tank system. The property offers good visibility and accessibility from Highway 95 South. Overall utility of the site is good.
There is a 4000 SF barn on the property in good condition. There is a silo on the property behind the barn. See attached, survey, appraisal, M1 zoning information, and floor plan.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County, Tennessee
Tax ID/APN: 053080 01400
Zoning: COMMERCIAL
Property Located Between: 411 South and Highway 95 S
Highway Access: 411 South intersects with Highway 95 South in Greenback. The property is located about a quarter mile off of 411 on Highway 95 South on the right hand side of the road.
Airports: McGhee Tyson Airport 18.5 miles 28 minute drive
Site Description: The subject property is located in East Tennessee in Greenback, which is a city in Loudon County located approximately 30 miles southwest of Knoxville, TN. Population 52,152 as of 2017 according to the census bureau.Greenback and Loudon County are part of the Knoxville, TN Metropolitan Statistical area which has an estimated population of 853,000 persons. Greenback is a rural town with multiple state highways providing convenient access to the interstate system and to larger areas in East Tennessee. Most economic activity in Greenback is related to agriculture, with significant employment centers in the nearby cities of Oak Ridge, Maryville, Lenoir City, Loudon, and Knoxville are abundant and most are located within a one-hour commute. These factors provide a stable environment and exert a positive influence on the subject property. The subject property is impoved with a one-story garage/shop building constructed in 2015. The structure contains gross building area of 9,600 SF with 889 SF or 9% finished office/bathroom areas. Asphalt drive and parking areas, concrete areas near building, chain link fencing around HVAC units.
Area Description: 28 minute drive to McGhee Tyson Airport.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 9,600 SF
Property Condition: Good
Year Built: 2015
Roof Type: Other
Construction/Siding: Metal Siding
Exterior Description: The roof and siding on the primary structure are metal. The tract has a level to moderately rolling topography and a mostly cleared terrain. a sizable portion of the site is paved with an asphalt drive and asphalt parking areas around the primary building.
Parking Type: Surface, Other
Parking Description: A sizable portion of the site is paved with an asphalt drive and asphalt parking areas around the primary building
Heat Source: Central, Other
Air Conditioning: Package Unit
Lighting: Other
Internet Access: Other
Interior Description: Lighting is High Bay Fixtures
Zoning Description: MI General Industrial District See Attached Loudon County Zoning guidelines
Lot Frontage: 579 feet of road frontage
Lot Depth: 427 feet along the northern boundary
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Metes and Bounds Description

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,996 12,249
Median Age: 41.66 42.06
Households: 1,939 4,733

Contact

Photograph of Listing Agent

Susie Frost

Keller Williams KAAR CIE Member
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