Property Listing No Longer Available for Sale

270 New Center Rd & 2216 MCroskey Island Rd

Sevierville, TN

Industrial for Sale - $1,575,000 - 21,600 Sq. Ft. on 5.04 acres

Property Info

CIMLS #1027728
Location270 New Center Rd & 2216 MCroskey Island Rd
Sevierville TN 37876
Last UpdatedNovember 14th, 2018
Building21,600 Sq. Ft.
Land5.04 acres
DemographicsView data

Property Description

Rare opportunity to acquire established and stabilized Self-Storage facility with historical occupancy of 100% and room to expand in growing community.

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A-Z Self-Storage has two locations that are strategically located on the west and east ends of Sevierville to capture and retain business. The 2216 McCroskey Island Rd facility is on the west end of Sevierville about 1.3 miles from Smoky Mountain Knife Works and Riverside RV Park off of Boyds Creek Hwy. Situated on 2 acres, there are 83 units but currently configured for 77 units to accommodate customers needing 10 X 20-foot storage units. There is room to expand but will require grading. Being just minutes off of I-40 Exit 407 and neighboring RV parks and campgrounds, this location has big demand for RV parking.

The 270 New Center Rd facility is on the east side of Sevierville in the rapidly growing New Center corridor. There are 86 units and currently 35 RV parking customers. Situated on 5.04 acres, this site has tremendous expansion potential and can be described as flat with excellent visibility. The new Walmart Neighborhood Market was built in 2016 in this portion of Sevierville. Also, the new Food City & Pharmacy was built in 2017 and is less than a mile away from the facility. National and regional retailers like these only build in rapidly growing communities after extensive research and demographic studies.

Each A-Z Self-Storage facility has onsite management office, uses Site Link XP management software, metal halide security lighting, video camera surveillance and electric gates with keypad access for both entry and exit. The New Center facility has a small apartment on site that can serve as manager living quarters. The owner manages the business but has someone who assists during periodic owner absence. It’s worth noting this person is proficient with Site Link, understands the business and is willing to work for new ownership on a part time or full-time basis.

Sevierville has current population of 38,676 and 2020 projection of 42,312 (9.41% growth). Acreage and square footage are per public record, not guaranteed and should be verified.

The seller requests inquiries from serious and experienced self-storage investors only. A Confidentiality Agreement must be signed for release of financials.