861 W Highway 25 70 #W, Newport, TN 37821
861 W Highway 25 70 #W, Newport, TN 37821
861 W Highway 25 70 #W, Newport, TN 37821
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Listed by Don Fabrikant • Country Living Realty
$2,999,000
Est. payment /mo
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9,029 SqFt
Active

861 W Highway 25 70 #W Newport, TN 37821

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MK Hughes

MK Hughes

+1(615) 788-1932

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,029 sqft

Price per Sqft $332

MLS Listing ID 3079015

Year Built 2000

Lot Size 1.680 Acres

Acres 1.68

Property Sub-Type Mixed Use

Property Description

Prime Multi-Use Commercial Property for Sale in Newport, TN Discover a rare investment opportunity with this thriving multi-use commercial property, strategically located off 25/70 in Newport, TN, less than a minute from the new Hwy 321 bypass. Boasting 380 feet of highway road frontage and an estimated daily traffic count of over 18,000 vehicles daily in 2024, 19.0% Increase over prior year, as per TDOT web site information. This property offers exceptional visibility and accessibility, drawing steady traffic from surrounding towns. The property features three fully operational, immaculate businesses, each with a loyal client base and consistent revenue streams, making it a turnkey investment with diverse income potential: 1. Well-Maintained Laundromat: A spacious, high-traffic laundromat offering modern amenities and a strong reputation for cleanliness and reliability. 2. Retail Store: Approximately 1,316 sq. ft. of versatile retail space, ideal for a variety of business ventures, with a prime storefront location to attract passing customers. 3. Large Lawn Mower & Small Engine Repair Shop: A robust 5,252 sq. ft. facility, complete with retail space and a dedicated parts room, catering to a loyal clientele for repair services and equipment sales. The property also includes a 6-bay car wash with outdoor vacuums, adding to the diverse income streams and appealing to a broad customer base. With two convenient entrances, the layout ensures easy access and ample parking for all businesses. Situated on two parcels, this property offers flexibility for investors. Purchase options include acquiring the entire business portfolio or opting for a lease-back arrangement on the repair shop, providing customizable investment strategies. Since acquisition, the owners have built a successful operation with a proven track record of profitability and community trust. Don't miss this unique opportunity to own a multi-faceted commercial property in a high-traffic location of Newport.

Location

State TN

County Cocke County

Zoning Commercail

Interior

Fireplace N

Others

Special Listing Condition Standard

RealTracs IDX
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To say MK went above and beyond is a understatement. We drove over 300 miles in the only 2 days we had to look for homes. When a seller failed to disclose extremely important information until 2days prior to closing she fought for me. To say that she was relentless in searching, again is a understatement. Words cannot express how grateful I am to her and the team that backs her behind the scenes. There isn’t a high enough star rating to give MK and her team, we were beyond blessed to have her work/fight for us.

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MK Hughes

MK Hughes

Agent License ID: 341737

+1(615) 788-1932

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861 W Highway 25 70 #W