Property summary
This exceptional investment opportunity presents a thriving auto mechanics shop ideally situated on the bustling Cosby Highway in Newport, Tennessee. The property boasts an impressive 5,050 square feet of space distributed across two brick buildings situated on four parcels totaling 103 acres. The main building features a large, open showroom with significant potential for expansion into retail and parts sales, complemented by a private office, service counter, sound room, bathrooms, and ample inventory storage. A floor lift in an additional rear bay enhances operational efficiency. The second building offers four spacious bays, two lifts, durable concrete floors, an oil storage room, and an included alignment unit. The property's prime location offers unparalleled street visibility and is strategically positioned just three-quarters of a mile from the I-40 interchange at exit 435, ensuring convenient access for customers and employees. Abundant parking is available, catering to the needs of both the business and its clientele. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant growth potential in a rapidly developing area. The property's size and layout offer flexibility for future expansion or diversification, making it an attractive investment for both seasoned entrepreneurs and astute investors seeking a strong return. The combination of a successful business and prime real estate makes this a truly exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
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Bbq Area
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Auto Repair Shop
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Campground & RV Park
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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