realty-smokies

1975 Walnut Grove Road, Sevierville, TN 37876

$3,100,000
Property Type: Commercial Sale Square Footage: 17,000 Lot Size (sq. ft.): 1,562,062 Status: Closed
Current Price: $3,100,000 List Date: 10/25/2022 Last Modified: 8/23/2024

Overview

Description

35 acres of ideal commercial property with a 17,000 sq' recently refurbished 'As-New' warehouse. 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 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 was previously the 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 he the property has been issued a clean bill of health. 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. 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 the 2022 renovated 'AS-NEW' warehouse. 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. All utilities are to site, including gas, 3 phase power, sewer and water. Property survey has been completed which indicates the precise acreage of 35.86 acres. There is also a topography map in the uploaded docs. 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

Listing Details MLS# 254506

General Property Information

Lot Size Acres
35.86
Living Area
17000
Year Built
1983
Bonus Room YN
Yes
Sign On Property YN
Yes
List Price/SqFt
200
Sold Price/SqFt
182.35

Property Features

Basement: None Building Features: Storage Business Type: Industrial; Manufacturing; Warehouse Construction Materials: Aluminum Siding; Steel Frame; Other Documents Available: Aerial Photo; Architecture Plans; Survey Fencing: Fenced Levels: One Listing Terms: Cash; Conventional; Fee Simple Improved Other Structures: Outbuilding Parking Features: On Site Possession: Close Of Escrow Possible Use: Automotive; Industrial; Medical/Dental; Multi-Family; Office; Recreational; Retail; Warehouse; Other Road Frontage Type: County Road Road Surface Type: Paved Security Features: Security System Tenant Pays: Electricity; Gas; HVAC Maintenance; Insurance; Sewer; Taxes; Trash Collection; Water Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Showing Requirements: Appointment Only; Lockbox; See Remarks

Location Tax and Legal

Street Number
1975
Street Name
Walnut Grove
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37876
Property Sub Type
Other
MLS Area Major
Sevierville
Subdivision Name
Other

Contract Information

Original List Price
3400000
Listing Contract Date
2022-10-25
Owner Name
Walnut Grove Rd LLC
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Remarks and Miscellaneous

Public Remarks
35 acres of ideal commercial property with a 17,000 sq' recently refurbished 'As-New' warehouse. 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 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 was previously the 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 he the property has been issued a clean bill of health. 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. 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 the 2022 renovated 'AS-NEW' warehouse. 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. All utilities are to site, including gas, 3 phase power, sewer and water. Property survey has been completed which indicates the precise acreage of 35.86 acres. There is also a topography map in the uploaded docs. 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
Directions
4.5 miles east of Sevierville off Newport Hwy. Turn either left at Walnut Grove Rd where Marathon Service station light it at and follow along until you reach property or continue on Newport Hwy until Hillbilly Landscapes and turn left off Newport Hwy. Notice huge FOR SALE sign on fence. Entry gate will be to right of the signage.

Status Change Information

Major Change Timestamp
2023-01-09T06:39:50Z
Major Change Type
Status Change
Status Change Timestamp
2023-01-09
Purchase Contract Date
2022-11-11
Close Date
2023-01-09
Close Price
3100000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
5817, 174

Showing Requirements

Showing Instructions
A Supra has been placed next to the entry gate for broker access. Stay on main paths if driving property. Call Showingtime on 800-746-9464. All information has been provided by Seller and deemed reliable but Buyers to do their own due diligence to verify.
Appointment Only
Yes
Lockbox
Yes
See Remarks
Yes

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
I-1
Zoning Entity
Sevier County
Parcel Number
051 005.00
Tax Lot
-
Tax Annual Amount
1530.19
Tax Year
2021

Basement

None
Yes

Construction Materials

Aluminum Siding
Yes
Steel Frame
Yes
Other
Yes

Documents Available

Aerial Photo
Yes
Architecture Plans
Yes
Survey
Yes

Fencing

Fenced
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Other Structures

Outbuilding
Yes

Parking Features

On Site
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Paved
Yes

Security Features

Security System
Yes

Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Available
Yes
Sewer Connected
Yes
Water Available
Yes
Water Connected
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
HVAC Maintenance
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Possible Use

Automotive
Yes
Industrial
Yes
Medical/Dental
Yes
Multi-Family
Yes
Office
Yes
Recreational
Yes
Retail
Yes
Warehouse
Yes
Other
Yes

Building Features

Storage
Yes

Business Type

Industrial
Yes
Manufacturing
Yes
Warehouse
Yes
Listing Office: 10 Realty, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.