Property profile

513 Cosby Hwy Newport, TN 37821

OFF-MARKET
Retail space
Property ID
US80-0305345
3,450 SF 0.38 ac lot Built 1976
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Total area 3,450 SF
Lot 0.38 ac (16,553 SF)
APN 015056B K 01600
UPID US80-0305345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Bbq Area
  • Auto Repair Shop
  • Campground & RV Park

Location

513 Cosby Hwy Newport, TN 37821-3413
Newport metro Census 920501 NEWPORT, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2025
4 recorded transactions
2025
$825,000
2018
Price N/A
2018
$350,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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