977 Hwy 25-70 Hwy Newport, TN 37821
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 977 Hwy 25-70 Hwy
- Year built
- 1961
- Lot size
- 1.90 lot acres
- Property type
- Investment properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.2362
- Latitude
- 35.9732
