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    555 Morrell Springs Rd Newport, TN 37821

    For Sale
    $575,000

    Business - Newport, TN

    Type:Business
    Lot size:
    0.82 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 555 Morrell Springs Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Lot size
    0.82 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1970
    Building materials
    Concrete
    Architectural style
    Other

    Century 21 Legacy GP (865) 436-7121

    Listing agent Deanna Workman (865) 436-7121 License #367956

    Listing date Nov 24, 2025

    MLS# 709710 Listing URL

    Copyright © 2025 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Commercial Property For Sale

    This commercial property is located on Morrell Springs Road in Newport, Tennessee, offering visibility and convenient access. The property is positioned minutes from Downtown Newport, US-321, and I-40, providing connectivity throughout Cocke County and East Tennessee. The building provides over 3,300 sq ft of adaptable space, suitable for retail, service-based operations, professional or medical offices, flex use, storage, or light industrial applications. The property also provides ample parking, level topography, and easy ingress/egress. A unique feature is the running water along the property line. The lot size is 0.82 acres.
    Location Intelligence

    Current Use by Public Records

    Grease Rack Steak House

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.186187
    Latitude
    35.95298

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with excellent visibility and convenient access.
    Where is this retail space located?
    The property is located at 555 Morrell Springs Rd Newport, TN.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Excellent visibility and convenient access to Downtown Newport, US-321, and I-40.; - Versatile layout with over 3,300 sq ft of adaptable space suitable for various business uses.; - Ample parking and easy ingress/egress for customers and operations.
    (865) 436-7121
    Request Owner's contact information
    555 Morrell Springs Rd Newport, TN 37821
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    Newport, TN 37821
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 Morrell Springs Rd Newport, TN 37821
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