1190 Old Asheville Hwy Newport, TN 37821
- Warehouses
- 45,000 SF
- 6.83 lot acres
Current Use by Public Records
- ETERNAL BEVERAGES INC / Warehouse
Property Details for 1190 Old Asheville Hwy
- Year built
- 1973
- Lot size
- 6.83 lot acres
- Property size
- 45,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 45,000-square-foot industrial property, situated on a 6.83-acre lot in Newport, Tennessee, presents a compelling investment opportunity. The property features two buildings, including a 40,000-square-foot warehouse with 5,000 square feet of office space, conveniently located approximately four miles from Interstate 40, Exit 435. The warehouse boasts 30-foot ceilings and 25-foot eaves, eight loading docks, and two drive-in doors, ensuring efficient operations. The office space comprises eleven offices, a breakroom, and restrooms. A significant advantage is the on-site 75,000-gallon fire suppression system, enhancing safety and security. Further adding to the property's versatility is a 900-square-foot outbuilding with two overhead doors. Built in 1973, this Class B property is zoned for light industrial use and is currently vacant, offering immediate occupancy. The property is accessed via two gated entrances off Old Asheville Highway, and is only 2.8 miles east of downtown Newport. The asking price is $3,800,000, translating to $84.44 per square foot. This represents a rare chance to acquire a well-equipped, strategically located industrial asset in East Tennessee. The property's features, size, and location make it ideal for a variety of industrial and distribution uses. The property's APN is 057 009.12 and is owned by an LLC.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.1468
- Latitude
- 35.9584
