303 Broadway St, Newport, TN 37821
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.