1018 Cosby Hwy Newport, TN 37821

This exceptional 0.55-acre commercial lot presents a unique investment opportunity in the thriving city of Newport, Tennessee. Located at 1018 Cosby Hwy, 37821, this property boasts a prime location with excellent visibility and accessibility. The lot offers cross-over parking available on both easements, maximizing convenience for potential businesses and customers. High traffic counts are a significant advantage, with 22,725 average daily traffic (ADT) on Cosby Highway and 37,162 ADT on I-40, ensuring substantial exposure for any development. The area is already home to a strong retail presence, including established businesses such as Walmart, Lowe's, Bojangles, Best Western Newport Inn, Cracker Barrel, Hampton Inn, and Newport Cinema 4, creating a vibrant and attractive commercial environment. Strong demographics further support the potential of this site. Within a 5-mile radius, the population is 19,109 with an average household income of $49,952. This increases to 39,282 residents and $59,227 average household income within 10 miles, and 71,266 residents and $65,218 average household income within 15 miles. This prime location and strong surrounding infrastructure make this .55-acre lot an exceptional opportunity for commercial development. The asking price is $750,000.