2444 Genesis Rd - Specialty FOR SALE


Crossville, TN 38571
$4,500,000 USD
615-516-6055
2444 Genesis Rd, Crossville, TN for Sale
$4,500,000 USD
Specialty - FOR SALE
1/34
null | Request Cap Rate

2444 Genesis Rd
Crossville, TN 38571


HIGHLIGHTS

  • Interstate Access
  • Corner lot
  • all utilities at the road

OVERVIEW

Stonehaus opened it's doors in April of 1991, though it was the first day open, the Stonehaus story runs deep in the history of Tennessee wine making. Stonehaus' winemaker and visionary is known as the "grandfather of Tennessee wine," Fay Wheeler. Instrumental in not only Stonehaus' inception, but Tennessee Wine production through the Wine and Grape Act of 1977. This led to the first licensed winery in Tennessee in 1979. Stonehaus is truly the foundation of wineries in the state. From the humble early days, the grapes were crushed on site in a 3-ton per hour crusher de-stemmer. The grapes were then pressed with 1,500 pound capacity basket presses. Additionally, the wines were bottled by hand. As more wine was produced, Stonehaus needed more space and continued to add to their existing property. Stonehaus now has over 20 labels, is sold throughout the state in grocery and liquor stores. This property encompasses 34,000sf +/- of retail/light manufacturing space, a total of 6.1 acres, and 2.4 of those acres being open space next to the winery. This allows for a multitude of uses and strategies. Keep renting tenants, develop the additional lot, or a mix of both. Sale does not include the business nor the equipment. Seller is open to selling both in a separate transaction. Stonehaus Winery also possesses multiple options in terms of potential development. The property sits on the other side (north) of the renowned Buc'ees and across the street from Pilot's Travel Plaza. This exit is highly trafficked, 7500 VPD, off the interstate, and an additional 40,000+ VPD on I-40 west and east bound. With just over 6 acres, this site's access to utilities, visibility and zoning, make this a prime location for retail, restaurant or hotel, with many other uses permitted under the zoning. Crossville does not have Zoning Ordinances pertaining to commercial, residential, industrial, etc. this piece allows ultimate flexibility. Buc'ees success has been followed by national brands like Starbucks, Advanced Auto Parts, and Chipotle, and with attractions in the area like golf, hiking/camping, and a large retirement community, Fairfield Glade. Development is desired in this area. Crossville does not have a zoning ordinance making development and approvals streamlined. All utilities at the street. Seller open to leaseback of some of the square footage.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stonehaus Winery - Development Land

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.1 AC

LAND SF

265,716 SF

ZONING

Retail/manufacturing

APN/PARCEL ID

087-026.00

ASK ABOUT THIS PROPERTY

Ross WelchZeitlin Sotheby's International RealtyMore Info
615-516-6055

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Ross WelchZeitlin Sotheby's International RealtyMore Info
615-516-6055

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