Property profile

303 Broadway St Newport, TN 37821

OFF-MARKET
Office Spaces
4,050 SF 4 ac lot
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Property summary

AI-generated overview

This exceptional two-story brick building, located at 303 E Broadway Street in the heart of Newport, TN, offers 4,050 square feet of versatile office space on a 4-acre lot. The building's dimensions are 27 feet wide by 75 feet deep, providing ample room for various business needs. The upper floor features a shared bathroom accessible from the hallway and a private bathroom within a larger front area. The upstairs layout is currently divided into separate spaces, easily adaptable to create larger, open-plan offices. Three access doors off the upstairs hallway offer flexible space configurations. Downstairs boasts two separate entrances, each leading to a distinct office area, with a private bathroom in each. The previous owner reported a recently installed roof. With some minor renovations to the upstairs, this property presents a significant opportunity. Currently, the downstairs offices are occupied by tenants. This property is priced at $290,000 and is ready for a new owner to capitalize on its potential, whether through leasing to multiple businesses or undertaking a complete renovation to suit individual needs. The building's prime downtown location offers excellent visibility and accessibility.

Property profile

Verified
Property type Office Spaces
Total area 4,050 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

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

Location

303 Broadway St Newport, TN 37821
Newport metro
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Value estimations

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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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