1071 Hwy 25th 70 Newport, TN 37821-8049
Property summary
This exceptional 3.2-acre commercial land parcel presents a remarkable investment opportunity, strategically located just off Interstate 40 at Exit 432 in Newport, Tennessee. Boasting a perfectly level lot at road level, this property offers unparalleled accessibility and visibility. Its prime location provides direct access to the thriving tourism destinations of Sevier County, Pigeon Forge, and Gatlinburg via the new parkway. The property is zoned for commercial use and all utilities are conveniently located on-site. The asking price is $1,950,000, translating to $609,375 per acre. Parcel IDs are 10701 000046 and 10704 000046. Given its ideal location and zoning, a wide range of commercial ventures are feasible, including but not limited to gas stations, restaurants, car washes, truck stops and washes, retail shops, hotels, campgrounds, and mini-storage facilities. This property represents a rare chance to capitalize on the high traffic volume and strong economic growth in this area. Don't miss this exceptional opportunity to secure a prime piece of commercial real estate in a rapidly developing region. The address is 1071 W Hwy 25 70, Newport, TN 37821, located in Cocke County.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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