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OFF-MARKET
Investment properties

977 Hwy 25-70 Hwy Newport, TN 37821

1.9 ac lot Built 1961
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Investment properties
Year built 1961
Lot 1.9 ac (82,764 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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