116 Tellico Industry Rd Tellico Plains, TN 37385-4923

This 108,237-square-foot industrial facility in Tellico Plains, Tennessee, presents a compelling value-add investment opportunity. The property, situated on 13.99 acres (APN 136-005.00), comprises a single, 1966-built building renovated in 2021, currently featuring a multi-tenant occupancy with one tenant under a NNN lease expiring December 10, 2024. The building offers a mix of flex, manufacturing, and warehouse space, categorized as Class B, with a permitted GC zoning. Features include 18-foot ceilings, four loading docks, and 27 individual units. Building A (64,505 SF) includes 5,000 square feet of office space and three dock-high doors, while Building B (43,732 SF) features one drive-in door and a covered loading dock with capacity for five trailers. Roofing includes a 2020 EPDM ballasted roof on Building B and a 2015 TPO roof on Building A. The property's strategic location near Highway 68 provides convenient access to Knoxville (approximately 1 hour) and Chattanooga (approximately 1.5 hours), benefiting from proximity to Tellico Industrial Park and Tellico Business Park. The significant square footage and existing infrastructure offer substantial potential for increased revenue through lease-up, renovations, or reconfiguration. This property is ideal for investors seeking a blend of stable income and significant upside potential.