111 Cosby Hwy Newport, TN 37821

Property Details for 111 Cosby Hwy

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 lot acres

Property size

1,520 SF

Property type

Retail space

APN

015047O B 00700

APU

015047OB00700

Description

This exceptional commercial property, located at 111 N Cosby Hwy. Unit 111, Newport, TN, presents a unique investment opportunity. Boasting a total of 4,384 square feet, this building offers a versatile layout ideal for a variety of businesses. The property includes 228 square feet of dedicated retail space, perfectly positioned for high visibility and foot traffic, given its location directly across from a Walgreens on the busy Cosby Highway. In addition to the retail area, a substantial 2,096 square feet of warehouse space provides ample storage or production area. The property sits on a 0.27-acre lot, offering potential for expansion or outdoor use. The current configuration suggests the potential for five separate income streams, making this an attractive prospect for investors seeking a diversified portfolio. The asking price for this prime commercial real estate is $419,900. This property's strategic location, combined with its diverse space and high income potential, makes it a compelling investment opportunity in the thriving Newport, TN market. The combination of retail and warehouse space offers flexibility for a wide range of businesses, ensuring strong potential for long-term rental income and appreciation. Serious inquiries are encouraged to explore this promising investment further. The property is ready for immediate occupancy and offers a chance to capitalize on a high-traffic location and a versatile space.

Location Insight

City

Newport

County

Cocke

State

Tennessee

Longitude

-83.1927

Latitude

35.9678

CBSA code

35460

CBSA name

NEWPORT, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments