261 Broadway St Newport, TN 37821
- Office Properties & Spaces
- 0.63 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 261 Broadway St
- Lot size
- 0.63 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional property, located at 261 E Broadway St in Newport, Tennessee, presents a unique redevelopment opportunity. The former all-brick church boasts approximately 50,000 square feet of versatile space, offering endless possibilities for developers and visionaries. Situated in the heart of downtown Newport, this prime location ensures maximum accessibility and visibility, with proximity to local amenities, businesses, and community attractions. The building's historic charm provides a unique foundation for a variety of projects, from luxury apartments and boutique hotels to vibrant cultural hubs or mixed-use developments. The expansive square footage allows for flexible design and utilization, enabling the creation of a truly bespoke development. This property is currently listed at $600,000, significantly below its recent Cocke County tax appraisal of $1,167,000, representing an exceptional investment opportunity. The 0.63-acre lot size offers ample space for development. Newport's growth trajectory makes this a compelling investment, allowing participation in the city's revitalization while capitalizing on a prime downtown location. This is a chance to own a piece of Newport's history and shape its future.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- 47029
- State
- Tennessee
- Longitude
- -83.1869
- Latitude
- 35.9665
