Property profile

216 Broadway St Newport, TN 37821

OFF-MARKET
Retail properties & Spaces
Built 1970
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Property summary

AI-generated overview

This exceptional 2,040 square foot commercial space, located at 216 W Broadway St in Newport, Tennessee (zip code 37821), presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic. Built in 1970, this single-tenant space is situated within a thriving shopping center, boasting prominent neighbors such as Dollar General, Price Less Foods, and Ace Hardware, ensuring a consistent flow of potential customers. The property offers excellent signage opportunities and storefront exposure, maximizing your business's presence. Ample parking is available for both employees and customers, ensuring convenient access. The space is ideal for a variety of uses, including retail, traditional office, or service-oriented businesses. The monthly rent is $2,000. The property is a single-story building and is categorized as a traditional office space. Well-maintained common areas and facilities add to the overall appeal of this location. This prime commercial space provides an unparalleled opportunity to establish or expand your business within a bustling and established commercial area. Don't miss out on this chance to secure a location that offers both high visibility and a strong customer base.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

216 Broadway St Newport, TN 37821
Newport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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