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    861 Hwy W, Unit 25-70 Newport, TN 37821

    For Sale
    $2,999,000

    Business - Newport, TN

    Type:Business
    Lot size:
    1.68 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 861 Hwy W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Parking
    30
    Lot size
    1.68 Acres

    Utilities

    Heating system
    Central, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    2000
    Building materials
    Block, Brick, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Country Living Realty (423) 237-1046 [email protected]

    Listing agent Donald Fabrikant (423) 237-1046 License #300538

    Listing date Nov 7, 2025

    MLS# 709004 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 multi-use commercial property is located off 25/70 in Newport, TN, less than a minute from the new Hwy 321 bypass. The property has 380 feet of highway road frontage and an estimated daily traffic count of over 18,000 vehicles daily in 2024, a 19.0% increase over the prior year. The property features three fully operational businesses: a laundromat, a retail store with approximately 1,316 sq. ft. of space, and a 5,252 sq. ft. lawn mower and small engine repair shop with retail space and a parts room. Additionally, there is a 6-bay car wash with outdoor vacuums. The property includes two convenient entrances and ample parking. Situated on two parcels, the property offers flexibility for investors. It is located 2.4 miles from downtown Newport, 44 minutes from Knoxville, 30 minutes from Morristown, 34 minutes from Sevierville and 38 Minutes from Hot Springs, NC.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.226982
    Latitude
    35.974071

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    FAQs

    What type of property is this?
    Car wash - Multi-use commercial property with diverse income streams in Newport, TN.
    Where is this car wash located?
    The property is located at 861 Hwy W, Unit 25-70 Newport, TN.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: - High-traffic location with 380 feet of highway road frontage and over 18,000 vehicles daily providing exceptional visibility and accessibility.; - Turnkey investment with three fully operational businesses generating diverse income streams.; - Substantial **5,252 sq. ft. repair shop** with retail space and parts room, catering to a loyal clientele.
    (423) 237-1046
    Request Owner's contact information
    861 Hwy W, Unit 25-70 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

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    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
    861 Hwy W, Unit 25-70 Newport, TN 37821
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