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    111 Cosby Hwy Newport, TN 37821

    For Sale
    $419,900

    Cosby Hwy. Office/Warehouse, Multi-Income Streams

    Property size:
    4,384 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, located at 111 N Cosby Hwy. Unit 111, Newport, TN, presents a unique investment opportunity. Boasting a total of 4,384 square feet, this building offers a versatile layout ideal for a variety of businesses. The property includes 228 square feet of dedicated retail space, perfectly positioned for high visibility and foot traffic, given its location directly across from a Walgreens on the busy Cosby Highway. In addition to the retail area, a substantial 2,096 square feet of warehouse space provides ample storage or production area. The property sits on a 0.27-acre lot, offering potential for expansion or outdoor use. The current configuration suggests the potential for five separate income streams, making this an attractive prospect for investors seeking a diversified portfolio. The asking price for this prime commercial real estate is $419,900. This property's strategic location, combined with its diverse space and high income potential, makes it a compelling investment opportunity in the thriving Newport, TN market. The combination of retail and warehouse space offers flexibility for a wide range of businesses, ensuring strong potential for long-term rental income and appreciation. Serious inquiries are encouraged to explore this promising investment further. The property is ready for immediate occupancy and offers a chance to capitalize on a high-traffic location and a versatile space.

    Property Features for 111 Cosby Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,384 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1986
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.19261
    Latitude
    35.96779

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    FAQs

    What type of property is this?
    Office Property / Space - Cosby Hwy. Office/Warehouse, Multi-Income Streams
    Where is this office property / space located?
    The property is located at 111 Cosby Hwy Newport, TN.
    What is the asking price?
    The asking price for this property is $419,900.
    (423) 623-1235
    Request Owner's contact information
    111 Cosby Hwy 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
    111 Cosby Hwy Newport, TN 37821
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