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    977 Hwy Newport, TN 37821

    Sponsored
    For Sale
    $919,900

    Spacious Commercial Building, Prime Location

    Property size:
    10,716 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 977 Highway 25-70 in Newport, Tennessee, presents a unique investment opportunity. The 10,716 square foot building sits on a 1.9-acre lot, offering ample space for a variety of businesses. Its strategic location provides convenient access to major transportation routes, including I-40 and the expanded Highway 321. The property boasts 247 feet of highway frontage and a paved parking lot with over 50 spaces. Commuting is easy, with Gatlinburg, Sevierville, and Knoxville all within a one-hour drive. The building itself features a large main space, previously used as a bowling alley, and includes bonus amenities such as an air hockey table and video games. A separate one-bedroom, one-bathroom apartment with its own entrance is located at the rear of the building. This apartment includes a microwave, range, and washer/dryer hookups and could easily be converted into a two-bedroom unit. The property also features vending machines. The roof is approximately 10 years old. This versatile property offers numerous possibilities and is ready for its next chapter. Its prime location and extensive features make it an ideal choice for entrepreneurs and investors alike.

    Property Features for 977 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,716 SF
    Lot Size
    82,764 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.23618
    Latitude
    35.97323

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Commercial Building, Prime Location
    Where is this commercial real estate located?
    The property is located at 977 Hwy Newport, TN.
    What is the asking price?
    The asking price for this property is $919,900.
    (423) 430-9012
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    977 Hwy 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
    977 Hwy Newport, TN 37821
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