78 Chestnut Hill Rd - Freestanding FOR SALE


Crossville, TN 38555
$3,950,000 USD
931-484-4003
78 Chestnut Hill Rd, Crossville, TN for Sale
$3,950,000 USD
Freestanding - FOR SALE
1/125
null | 3.7% Cap Rate

78 Chestnut Hill Rd
Crossville, TN 38555


HIGHLIGHTS

  • Strategic Location: Situated off I-40 in Crossville, TN, offering unparalleled visibility and access to locals and interstate travelers.
  • Versatile Revenue Streams: Established wine sales, a leased restaurant, billboard advertising, & event space rental offer unlimited income potential
  • Expansion Ready: Currently operating at only 25% production capacity, this facility is perfectly positioned for the next owner with the vision & drive

OVERVIEW

Chestnut Hill Winery is a unique investment opportunity nestled in the heart of Tennessee’s Golf Capital, Cumberland County. Conveniently located off Exit 322 on I-40, the longest interstate highway in the U.S., this prime property offers exceptional visibility to both eastbound and westbound travelers. Situated on 2.43 picturesque acres bordered by Chestnut Hill Road, Peavine Road, and the I-40 entrance ramp, this winery presents an enticing blend of established success and untapped potential for growth. Since purchased it 2007, Chestnut Hill Winery has cultivated a loyal following and steady profitability. The property includes a 15,000+ sq. ft. building, home to a bustling tasting room, a leased restaurant, and full wine production facilities. Visitors are drawn to the award-winning wines, which can be enjoyed by the glass, as wine slushies, or paired with fresh-made fudge and cheese sourced from a local dairy. A charming gift shop, outdoor picnic area, and guided tours further enhance the customer experience. The property offers multiple revenue streams, including wine sales, a restaurant lease, billboard advertising, and event space rentals. The tank room features stainless steel tanks with a production capacity of approximately 19,500 gallons, while the bottling room can achieve up to 1,200 bottles per run with a skilled team. Despite operating at only 25% production capacity due to the current owner’s needs, the winery is primed for expansion under new ownership with a vision for growth. Additional amenities include a 5,000 sq. ft. upstairs space, partially utilized for events and rentals, and a warehouse for storing bottled wine and supplies. Two outbuildings provide extra storage for restaurant use and chemical supplies. Recent upgrades such as a new roof (2018), digital signage, and picnic tables installed in 2022 highlight the owner’s commitment to maintaining the property. Chestnut Hill Winery is more than just a winery; it’s a turnkey operation with the infrastructure to support diverse ventures, from enhanced wine production to expanding tourism and hospitality offerings. With its prime location, established customer base, and room for growth, this property is a rare opportunity for entrepreneurs and investors eager to tap into its limitless potential.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

3.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Chestnut Hill Winery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

Commercial

APN/PARCEL ID

101-067.00

ASK ABOUT THIS PROPERTY

Gina KnightRe/Max FinestMore Info
931-484-4003

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Gina KnightRe/Max FinestMore Info
931-484-4003

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