116 Tellico Industry Rd - Warehouse FOR SALE


Tellico Plains, TN 37385
$3,000,000 USD
314-479-1646
116 Tellico Industry Rd, Tellico Plains, TN for Sale
$3,000,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

116 Tellico Industry Rd
Tellico Plains, TN 37385


HIGHLIGHTS

  • 108,237 SF, 40% leased NNN industrial building situated on 13.99 acres.
  • Tellico Plains is a great combination of low business costs in a picturesque rural setting.
  • The area is home to numerous boating manufacturers including Mastercraft, Malibu & Yamaha Jet boats.
  • Currently occupied by PGM Technologies and Vonore Fiver Products with gross rental income of $156,000

OVERVIEW

This 108,237 SF, 40% leased NNN industrial building marries steady income generation with a value-add proposition, making it an irresistible prospect for investors seeking both stability and growth in their portfolios. Building B occupies 42,000 SF (asphalt, gravel roof) has (1) drive-in door and (1) 12'x12' door servicing a covered loading dock that can accommodate 5 trailers. Building A (white rubber roof) is 60,000 SF with 5000 SF of office and has 3 dock access doors. With ample space for expansion or reconfiguration, the property offers a myriad of possibilities for enhancing its revenue streams. Whether through strategic renovations, targeted marketing efforts, or securing long-term leases with anchor tenants The property is situated in an industrial area, surrounded by companies such as (a) Tellico Industrial Park, which houses manufacturing and distribution facilities, and (b) Tellico Business Park, known for its diverse range of businesses The property benefits from its proximity to major transportation routes, with Highway 68 providing convenient access to nearby cities like Chattanooga (1.5 hrs.) and Knoxville (1 hr.) Bracket Real Estate Inc., in conjuction with Real Insight Marketplace, are pleased to present 116 Tellico Industry Road in Tellico Plains. Tellico Plains is a charming town nestled in the foothills of the Appalachian Mountains in southeastern Tennessee, USA. Known for its picturesque surroundings, including the nearby Cherokee National Forest, Tellico Plains offers residents and visitors alike a serene escape into nature. The town is renowned for its outdoor recreational opportunities, with activities such as hiking, fishing, and whitewater rafting drawing outdoor enthusiasts year-round. Rich in history and culture, Tellico Plains boasts attractions like the Charles Hall Museum, which showcases artifacts from the region's past, including exhibits on Native American history and pioneer life. The Tellico Grains Bakery and Tellico Beach Drive-In Theatre are popular local spots that add to the town's unique charm. With a close-knit community and a relaxed pace of life, Tellico Plains provides a tranquil setting for those seeking a simpler way of living. Its proximity to larger cities like Knoxville and Chattanooga offers residents access to urban amenities while still enjoying the tranquility of small-town life. The property is situated in an industrial area, surrounded by companies such as (a) Tellico Industrial Park, which houses manufacturing and distribution facilities, and (b) Tellico Business Park, known for its diverse range of businesses. The property benefits from its proximity to major transportation routes, with Highway 68 providing convenient access to nearby cities like Knoxville and Chattanooga. Overall, Tellico Plains embodies the spirit of Southern hospitality and outdoor adventure, making it a desirable destination for both visitors and prospective residents. John Roebuck, Auctioneer TN License: 1702 TN Broker No. 00022430

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

UTILITIES

-

CLEAR CEILING HT

18.5 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

161

LAND DETAILS

LAND ACRES

13.99

LAND SF

609,404

ZONING

GC

APN/PARCEL ID

136-005.00

ASK ABOUT THIS PROPERTY

John WolfnerJennifer Stein Real Estate IncMore Info
314-479-1646

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John WolfnerJennifer Stein Real Estate IncMore Info
314-479-1646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.