2110 Hwy 160 Newport, TN 37821-4654

Property Details for 2110 Hwy 160

Year built

1980

Lot size

1.00 lot acres

Property size

1,288 SF

Property type

Retail space

APN

015014 06501 001

APU

1501406501001

Description

This exceptional 10.5-acre commercial property in Newport, Tennessee, presents a unique investment opportunity. The land includes a fully equipped, turnkey restaurant ready for immediate operation. All kitchen equipment, including a pizza oven, coolers, a new refrigerator, and a griddle double oven, conveys with the sale. The restaurant's layout features a breakfast area, comfortable seating, and an outdoor bar area suitable for live music or karaoke. An outdoor firepit provides additional entertainment space. Adding to the property's value are two existing cabins, one with electricity, offering potential for rental income or personal use. The property boasts new electrical and plumbing systems, septic service, and fiber optic internet access. The seller is open to considering all reasonable offers and requests, which should be included in the purchase agreement. Additional features include a $500 home warranty, a $500 lender credit, a $300 attorney credit, and a $100 home inspection credit for qualified buyers. A 1% buy-down rate is also available for qualified buyers, potentially reducing monthly payments. The property's previous use as the Mountainside Coffee House provides a track record of success, viewable via online reviews. This is a rare opportunity to acquire a fully operational business with significant expansion potential on a substantial land parcel. The seller is motivated and will consider all offers.