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    977 Hwy 25-70 Hwy Newport, TN 37821

    For Sale
    $919,900

    Highway frontage, 10,000+ sq ft, 1.9 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property in Newport, Tennessee, presents a unique investment opportunity. Boasting over 10,000 square feet of usable space situated on a 1.9-acre lot, this location offers unparalleled potential for a diverse range of businesses. Its strategic position near the entrance of the expanded Highway 321 provides easy access to major transportation routes, with convenient commutes to Gatlinburg (45 minutes), Sevierville (35 minutes), and Knoxville (48 minutes). The property benefits from 247 feet of highway road frontage and a large paved parking lot accommodating over 50 vehicles. Adding to its versatility, a separate apartment with its own entrance is located at the rear of the main building. Currently configured as a one-bedroom, one-bathroom unit, it can be easily adapted into a two-bedroom space. The apartment includes a microwave, range, and washer/dryer hookups. Previously utilized as a bowling alley, the property retains various amenities, including an air hockey table, video games, and vending machines. The roof is approximately 10 years old. This property's combination of size, location, and existing features makes it a truly compelling investment prospect. Don't miss the chance to explore the possibilities.

    Property Features for 977 Hwy 25-70 Hwy

    General Information

    Property type
    Investment properties
    Lot Size
    82,764 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Newport
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.23618
    Latitude
    35.97323

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    FAQs

    What type of property is this?
    Investment property - Highway frontage, 10,000+ sq ft, 1.9 acres
    Where is this investment property located?
    The property is located at 977 Hwy 25-70 Hwy Newport, TN.
    What is the asking price?
    The asking price for this property is $919,900.
    (423) 430-9012
    Request Owner's contact information
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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 25-70 Hwy Newport, TN 37821
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