7200sq ft Workshop/Warehouse on 2.6 acres - SELLER FINANCING

Industrial for Sale
Catylist Listing ID: 30857684
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 7,290 SF
Gross Land Area: 2.64 Acres
Sale Price: $390,000
Unit Price: $53.50 PSF
Docks/Doors: 3 Doors
Office SF: 250 SF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Building Name: Red Workshop
Usable Size (USF): 7,290 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/28/2023

Overview / Comments

Are you looking for a large workshop that's move in ready and with plenty of property to build and expand? How about Seller Financing as an option to purchase?
How about this prime, vacant, 7290sq/ft commercial workshop sitting on 2.64 acres? Ideally located on Hwy 321 right across from the Cosby High School. This large workshop is ideal for a multitude of uses and suitable for most any type of tradesperson, manufacturer, repair shop, logistics, distribution, storage... there are so many possibilities.
Masonry block exterior walls on concrete slab to grade with metal framed structural support to relatively new metal roof. Currently has two 10' high large roller doors with an additional 9' roller door to a partitioned work bay.
There is even an existing 40' weatherproof container, RV height carport, vehicle carport and small greenhouse that comes with the property.
Only 5 miles from the I-40 on US-321 so quick access to freeways and major city centers.
Some other features include:
- 400amp/3phase/240v mains power
-110v/30amp power to RV carport
-Numerous pallet storage racks (shown in images with green support legs)
-Commercial 3 phase 80 gallon Air Compressor w/ plumbed airlines throughout
-Full bath with shower + addition half bath
-12' high ceilings
-ADT Security System
-Rear mechanical exhaust fan
-High Speed internet available
-All new LED lighting
-Freshly painted blockwork, cleaned and ready for new owner

You'll be hard pressed to find a better workshop of this size where you can walk in and start work from day one. Contact the listing agent today for more information or to organize a showing!

Additional Details

Nearest MSA: Newport
County: Cocke
Taxing Authority: Cocke County
Tax ID/APN: 015102 02707
Zoning: NONE
Property Located Between: Across St from Cosby High School
Highway Access: On Hwy 321 heading towards Gatlinburg from Newport. About 5 miles off the I-40 exit 435.
Site Description: Located directly across the street from Cosby Elementary School entrance. Workshop is painted red and located directly behind large white warehouse. Note that there is an existing mobile home on the property that is NOT included with the sale and will be removed from site. Access is across gravel parking area to rear of white warehouse.
Area Description: Located on main thoroughfare between I-40 exit 435 at Newport to Gatlinburg and directly opposite the local elementary and high school. Highly trafficked road with tourists and local traffic. Considered one of the principal gateways to the Great Smoky Mountains National Park.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,290 SF
Property Condition: Good
Year Built: 1967
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete Block Construction on Slab. Metal Roof (new within last 3 years). Bar joist/rigid roof framing. Gravel Drive.
Parking Ratio: 0.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Existing RV carport to front of workshop with additional vehicle carport on site. Should easily accommodate 20+ vehicles parking for owner, staff and customers.
Total Parking Spaces: 20
Sprinklers: None
Amps: 400
Volts: 240
X-Phase: 3
Heat Type: Electricity, Space Heaters
Heat Source: Wall Units
Air Conditioning: Window Unit, Other
Lighting: LED
Internet Access: Cable
Interior Description: Large open workshop area. Concrete slab. Mechanical ventilation fan to rear. Air compressor lines embedded in walls. Several power points for work stations throughout. Clean environment. Has full bathroom with shower plus half bathroom.
Zoning Description: Property type is identified as 'Commercial' 'Warehouse' 'Wholesale Trade'.
In Flood Plain?: Yes
Lot Frontage: 60'
Lot Depth: 763'
Water Service: Municipal
Sewer Type: Municipal, Septic
Easements: Ingress/Egress
Easements Description: Ingress to property via easement across front warehouse grave lot from main road.
Land Ownership: sole ownership

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,706 3,641 8,108
Median Age: 42.36 42.17 43.15
Households: 683 1,445 3,301


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