Freestanding Hibachi
For Sale
$950,000
365 W Broadway Street, Newport, TN 37821
Commercial Sale, Newport, TN
Property Size3,044 SF
Lot Size1.04 Acres
Price / SF$312.09
Days on Market97
Property Features for 365 W Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
50
Directions
GPS FRIENDLY TAKE WEST BROADWAAY TO 324 OSAKA
Standard status
Active
APN
047P B 00700 000
Size
3,044 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Osaka Restaurant
Tax Annual Amount
5000
Legal Description
Osaka Restaurant
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Wood Frame, Asphalt
Roof type
Built-Up
Listing Agency:
Askew Realty Group
(865) 322-5722
Listed By:
Billy Askew · License #269829
(423) 237-3779
Added: Jul 11
Changed: Oct 8
Last Checked: Oct 15 at 11:06AM
MLS# 712169
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 3,044-square-foot restaurant occupies a 1.04-acre site at 365 W Broadway Street in Newport. The operating facility includes a dining area for more than 100 guests, four hibachi tables, a sushi bar with additional seating, two bathrooms, and two separate storage rooms. The sale includes the restaurant equipment, including a walk-in cooler, flat-top grill, gas ranges, ice machine, dishwasher, and prep areas.
Exterior features include more than 50 parking spaces, a large illuminated roadside sign, and road frontage along West Broadway Street. Built in 1980, the property has natural gas heating, central air, electric cooling, public water, public sewer, and a built-up roof. Interstate 40 is approximately 10 minutes away, with Sevierville approximately 30 minutes away.
Exterior features include more than 50 parking spaces, a large illuminated roadside sign, and road frontage along West Broadway Street. Built in 1980, the property has natural gas heating, central air, electric cooling, public water, public sewer, and a built-up roof. Interstate 40 is approximately 10 minutes away, with Sevierville approximately 30 minutes away.
Key Highlights
- 3,044‑square‑foot operating restaurant on 1.04 acres
- Dining area accommodates more than 100 guests
- Four hibachi tables and dedicated sushi bar
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
120k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 25%
Dining 21%
Home Improvements & Furnishings 14%
Food City
Groceries
21,164 visits/mo
0.3 miles
Krystal
Dining
12,669 visits/mo
0.5 miles
SONIC Drive In
Dining
12,445 visits/mo
0.2 miles
Marathon
Shops & Services
12,212 visits/mo
0.0 miles
Tractor Supply Co.
Home Improvements & Furnishings
11,450 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with equipped kitchen, dedicated sushi bar, roadside signage, and on-site parking.
Where is this conventional restaurant located?
The property is located at 365 W Broadway Street Newport, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,044‑square‑foot operating restaurant on 1.04 acres; Dining area accommodates more than 100 guests; Four hibachi tables and dedicated sushi bar
