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

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

More Information MLS# 254506

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

Contract Information

Owner Name: Walnut Grove Rd LLC Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant Current Price: $3,100,000 Original List Price: 3400000 Sold Price: $3,100,000 Status: Closed Listing Contract Date: 2022-10-25

General Property Information

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

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

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

Currently Not Used

Book/Page/Doc #: 5817, 174

Basement

None: 1

Construction Materials

Aluminum Siding: 1 Steel Frame: 1 Other: 1

Documents Available

Aerial Photo: 1 Architecture Plans: 1 Survey: 1

Fencing

Fenced: 1

Levels

One: 1

Listing Terms

Cash: 1 Conventional: 1 Fee Simple Improved: 1

Other Structures

Outbuilding: 1

Parking Features

On Site: 1

Possession

Close Of Escrow: 1

Road Frontage Type

County Road: 1

Road Surface Type

Paved: 1

Security Features

Security System: 1

Utilities

Electricity Available: 1 Electricity Connected: 1 Natural Gas Available: 1 Natural Gas Connected: 1 Sewer Available: 1 Sewer Connected: 1 Water Available: 1 Water Connected: 1

Tenant Pays

Electricity: 1 Gas: 1 HVAC Maintenance: 1 Insurance: 1 Sewer: 1 Taxes: 1 Trash Collection: 1 Water: 1

Possible Use

Automotive: 1 Industrial: 1 Medical/Dental: 1 Multi-Family: 1 Office: 1 Recreational: 1 Retail: 1 Warehouse: 1 Other: 1

Building Features

Storage: 1

Business Type

Industrial: 1 Manufacturing: 1 Warehouse: 1

Showing Requirements

Appointment Only: 1 Lockbox: 1 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. See Remarks: 1

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

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