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Retail Building for Food Use
For Sale
$74,900

1280 Highway 73, Newport, TN 37821

Commercial building suited for a grocery, convenience store, or restaurant, on Highway 73 with access to I-40.

Property SizeContact for details
Days on Market118

Property Features for 1280 Highway 73

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $161
Listing Agency: eXp Realty, LLC
Listed By: Alex Rodriguez
Source: Exprealty
Added: May 18 Changed: Aug 21 Last Checked: Sep 11 at 4:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

Investment Insights

Based on property information with market context.

This commercial building is offered for sale with use potential as a grocery store, convenience store, restaurant, or other business. The property is positioned to serve everyday customers as well as guests traveling through the area for outdoor recreation and seasonal activities.

The building is located on Highway 73 in Newport, East Tennessee. Public remarks note convenient access to I-40 and visibility along the corridor. The surrounding area is described as active with farms and seasonal agricultural traffic for most of the year, with additional demand tied to tourism heading to the Great Smoky Mountains and nearby attractions.

For prospective tenants or buyers, the asset is primarily being marketed as a food-oriented retail facility on a regional travel route, with nearby proximity to downtown Newport and access to larger regional destinations.

Key Highlights

  • Commercial building on Highway 73 in Newport, TN, suited for a grocery store, convenience store, or restaurant.
  • Convenient access to I‑40.
  • Positioned about 10 minutes from downtown Newport.

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Grocery & Convenience Store Restaurant Gym & Fitness Center Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby
Well-served
Demand for This Use

Demographics for 37821, TN

22,928
Population
10,897
Households
2.1
Avg Household Size
44
Median Age
9%
College-Educated
84%
High-School Grad
129.8 sq mi
ZIP Area
177
Density / Sq Mi
$45,350
Median Household Income
$34,307
Median Earnings
$789
Median Rent
$127,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Commercial building suited for a grocery, convenience store, or restaurant, on Highway 73 with access to I-40.
Where is this grocery and convenience store located?
The property is located at 1280 Highway 73 Newport, TN.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Commercial building on Highway 73 in Newport, TN, suited for a grocery store, convenience store, or restaurant.; Convenient access to I‑40.; Positioned about 10 minutes from downtown Newport.
More about this property
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