Value-Add Industrial Tellico Plains TN

116 Industry Road, Tellico Plains, TN

Market Price

Price

108,237 sqft

Building Size

13.99 acres

Lot Area

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Street
Map
Overview
Building Size
108,237 sqft
Lot Area
13.99 acres
Occupancy
40%
Lease Type
Triple Net
Year Built
1966
CeilingHeight
18
Description

RI Marketplace Online Auction May 13-15, 2024
Register to Bid on Marketplace

https://rimarketplace.com/auction/1854/value-add-industrial-tellico-plains-tn?utm_source=brevitas&utm_medium=listing&utm_campaign=industrial_1854

Bracket Real Estate Inc., in conjuction with Real Insight Marketplace, are pleased to present 116 Tellico Industry Road in Tellico Plains. Tellico Plains is a charming town nestled in the foothills of the Appalachian Mountains in southeastern Tennessee, USA. Known for its picturesque surroundings, including the nearby Cherokee National Forest, Tellico Plains offers residents and visitors alike a serene escape into nature. The town is renowned for its outdoor recreational opportunities, with activities such as hiking, fishing, and whitewater rafting drawing outdoor enthusiasts year-round.
Rich in history and culture, Tellico Plains boasts attractions like the Charles Hall Museum, which showcases artifacts from the region's past, including exhibits on Native American history and pioneer life. The Tellico Grains Bakery and Tellico Beach Drive-In Theatre are popular local spots that add to the town's unique charm.

With a close-knit community and a relaxed pace of life, Tellico Plains provides a tranquil setting for those seeking a simpler way of living. Its proximity to larger cities like Knoxville and Chattanooga offers residents access to urban amenities while still enjoying the tranquility of small-town life.

The property is situated in an industrial area, surrounded by companies such as (a) Tellico Industrial Park, which houses manufacturing and distribution facilities, and (b) Tellico Business Park, known for its diverse range of businesses. The property benefits from its proximity to major transportation routes, with Highway 68 providing convenient access to nearby cities like Knoxville and Chattanooga.

Overall, Tellico Plains embodies the spirit of Southern hospitality and outdoor adventure, making it a desirable destination for both visitors and prospective residents.

John Roebuck, Auctioneer
License: 1702
TN Broker No. 00022430

Highlights
  • This 108,237 SF, 40% leased NNN industrial building marries steady income generation with a value-add proposition, making it an irresistible prospect for investors seeking both stability and growth in their portfolios
  • Building B occupies 42,000 SF (asphalt, gravel roof) has (1) drive-in door and (1) 12'x12' door servicing a covered loading dock that can accommodate 5 trailers. Building A (white rubber roof) is 60,000 SF with 5000 SF of office and has 3 dock access doors
  • With ample space for expansion or reconfiguration, the property offers a myriad of possibilities for enhancing its revenue streams. Whether through strategic renovations, targeted marketing efforts, or securing long-term leases with anchor tenants
  • The property is situated in an industrial area, surrounded by companies such as (a) Tellico Industrial Park, which houses manufacturing and distribution facilities, and (b) Tellico Business Park, known for its diverse range of businesses
  • The property benefits from its proximity to major transportation routes, with Highway 68 providing convenient access to nearby cities like Chattanooga (1.5 hrs.) and Knoxville (1 hr.)
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