Property profile

977 25/70 Newport, TN 37821

OFF-MARKET
Office Spaces
1.9 ac lot
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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

Location

977 25/70 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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