1190 Old Asheville HwyNewport, TN 37821

Property Details for 1190 Old Asheville Hwy

Year built

1973

Lot size

6.83 AC

Property size (Sq ft)

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.

Location Insight

City

Newport

County

Cocke

State

Tennessee

Latitude

35.9584

Longitude

-83.1468

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