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    OFF-MARKET
    Office Spaces

    977 25/70, Newport, TN 37821

    1.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 10,000+ sq ft office building sits on a 1.9-acre lot in Newport, Tennessee, offering significant highway frontage (247 feet) on I-40 and easy access to major roadways. The property boasts over 50 paved parking spaces and includes a separate apartment (currently 1 bed/1 bath, easily convertible to 2 bedrooms) with appliances. Previously a bowling alley, the building retains amenities like an air hockey table and video games. The approximately 10-year-old roof ensures low maintenance. Its convenient location offers quick commutes to Gatlinburg (45 min), Sevierville (35 min), and Knoxville (48 min), making it ideal for various businesses or warehouse operations. The seller is offering a buyer's agency fee of 2% of the total sales price. This versatile property presents a unique investment opportunity with high potential. The listed square footage is 0, but the marketing description indicates over 10,000 square feet of usable space. This discrepancy should be verified independently.

    Property profile
    Verified
    Property type Office Spaces
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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