977 E 25/70 Newport, TN 37821
Property profile & analytics
977 E 25/70 Newport, TN 37821
- Bowling alleys
- 10,956 SF
- 1.90 lot acres
Property ID
US80-2092615
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Victory Lanes / Bowling Alley
Property Details for 977 E 25/70
- Year built
- 1961
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.90 lot acres
- Property size
- 10,956 SF
- Property type
- Bowling alleys
- APN
- 015046 12900
- APU
- 1504612900
Description
Exceptional investment opportunity: Victory Lanes, a well-established bowling alley in Newport, Tennessee, is available for purchase at $919,900. This 10,716 square foot facility boasts 12 lanes, ample entertainment options including air hockey, video games, and vending machines, and established bowling leagues, ensuring a consistent revenue stream. The property sits on a 1.9-acre lot with over 50 paved parking spaces and 247 feet of highway frontage, providing excellent visibility and accessibility off I-40. A significant advantage is the inclusion of a separate one-bedroom, one-bathroom apartment with potential for expansion to two bedrooms. This apartment features a microwave, range, and washer/dryer hookups, offering additional income potential through rental or owner occupancy. The building also features great storage space. The roof is approximately 10 years old. The property generates a Net Operating Income (NOI) of $100,000, resulting in a compelling 10.87% capitalization rate. This turnkey operation comes complete with everything needed to continue its successful operation as a bowling alley, or offers significant potential for redevelopment. The property is zoned for special purpose use.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.2365
- Latitude
- 35.9727
- CBSA code
- 35460
- CBSA name
- NEWPORT, TN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,654
$82,120
$60,600
$142,720
-
$205,300
$151,500
$356,800
