513 Cosby Hwy Newport, TN 37821-3413

Property Details for 513 Cosby Hwy

Year built

1976

Lot size

0.38 lot acres

Property size

3,450 SF

Property type

Retail space

APN

015056B K 01600

APU

015056BK01600

Description

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.