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    812 Highway 321 Newport, TN 37821

    For Sale
    $159,000

    Mixed Use, Masonry - Newport, TN

    Type:Mixed Use
    Lot size:
    0.40 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 812 Highway 321

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1940
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other

    BRIAN KELLER REALTY (865) 674-7653

    Listing agent Brian Keller (865) 674-7653 License #248398

    Listing date Sep 8, 2025

    MLS# 708946 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

    Affordable Commercial Building on Highway 321

    This detached mixed-use building presents an affordable commercial opportunity for business or investment. Situated on Highway 321 just outside of Newport, the property benefits from its location and absence of city taxes. The building features utility water and a metal roof that was installed approximately four years ago. Ample parking is available on the left, right, and in front of the building. The interior includes two half bathrooms. The property is located in Cocke County, Tennessee, with county taxes for 2024 totaling $292. The lot size is 0.4 acres.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Bar & Pub Electronics Store Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.166259
    Latitude
    35.979797

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial building or investment opportunity located on Highway 321.
    Where is this mixed-use property located?
    The property is located at 812 Highway 321 Newport, TN.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: - Affordable commercial building with investment potential.; - Located on Hwy 321 just outside Newport with high visibility.; - No city property taxes; low county taxes ($292 in 2024).
    (865) 674-7653
    Request Owner's contact information
    812 Highway 321 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
    812 Highway 321 Newport, TN 37821
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