989 Industrial Park Rd Dandridge, TN 37725-4701
This fee-simple industrial property, located at 989 Industrial Park Rd, Dandridge, TN 37725, offers 30,573 square feet of vacant warehouse space. The single-story, Class B building, constructed in 1998, sits on a 2.86-acre lot zoned for light industrial use. Features include 19-foot clear ceilings, eight dock-high doors, and ample space for various industrial purposes. Priced at $1,400,000 ($45.79/sq ft), this represents a value-add opportunity for investors or owner-users. The property is conveniently located less than 1.5 miles from I-40 (67,000+ vehicles per day) and within 31 miles of downtown Knoxville. The building is currently vacant, with an occupancy date of February 25, 2024. This presents a chance to capitalize on the growing industrial market in the Knoxville MSA, fueled by the University of Tennessee and tourism in the Great Smoky Mountains. The Jefferson County location provides access to major transportation routes, making this an attractive option for businesses seeking efficient logistics. The property's features, location, and price point make it an ideal investment for those seeking a strong return on investment in a thriving area. The property includes one building with a total of 30,573 net rentable square feet.
14-411. M-1, Light Industrial D istrict. The M-1, Light Industrial District is established to p rovide areas for warehousi ng, manufacturing, and similar light industrial uses. The following regulations shall apply: 1. Uses Permitted. a. Commercial laundry. b. Outdoor equipment storage lots and yards except for wrecking, junk, or salvage yards. c. Communicat…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Dandridge, TN14-411. M-1, Light Industrial D istrict. The M-1, Light Industrial District is established to p rovide areas for warehousi ng, manufacturing, and similar light industrial uses. The following regulations shall apply: 1. Uses Permitted. a. Commercial laundry. b. Outdoor equipment storage lots and yards except for wrecking, junk, or salvage yards. c. Communication facilities. d. Public utilities. e. Wholesale trade. f. Retail trade such as building materials, hardware, and farm equipment. g. Warehousing and storage services. h. Food and kindred products manufacturing not including meat products. Manufacturing i. Textile mill products manufacturing. j. Agricultural processing not including slaughterhouses or meat 62 packaging. k. Apparel and other finished products manufacturing made from fabrics and similar materials. Materials l. Furniture and fixtures manufacturing. m. Printing, publishing, and allied industries. n. Stone, clay, and glass products manufacturing. o. Professional, scientific, and controlling instruments manufacturing. p. Small article manufacturing - jewelry, musical instruments, toys, pens, pencils. Any use or structure customarily incidental to the above uses. q. Freighting or trucking yards r. Communications Towers s. Public Buildings owned by a governmental entity or a non-profit organization. 2. Special Exceptions. Any use which, in the opinion of the board of zoning appeals, would be of the same character as the above and could not de stroy the intent of the code will be permitted: a. Communication Towers b. Adult Oriented Businesses c. TATTOO Parlors, provided: 1). Tattoo parlors provided that the building where the principal use is established is located a minimum of one -thousand (1,000) feet from any public school, church, and/or daycare center. 2). The maximum sign area does not exceed twenty (20) square feet in area and meets all requirements of Section 14-604. 3). Obtaining a Busin ess License, a Health Department Permit and continued compliance with the conditions se t for th in the Special Use Permit that is issued. 4). Compliance with all applicable requ irements of Section 62 -38-201 through 62 -38-210 of the Tennessee Code Annotated. (per ordinance 08/09-11) d. Methadone and Pain Management Clinics provided: 1). Obtaining a Business License, a valid Certification by the State o f Tennessee Health Departm ent, compliance with all applic able requirements of the Dandridge Municipal Code and continued compliance with the conditions set forth in the Special Use Permit that is issued; 2).
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
