Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9985835

Lot Acreage: 1.68000

Living Area: 9,029

Year Built:2000

Elementary School:

Middle School:

High School:

Public Remarks: 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. Just 2.4 miles from downtown Newport, 44 minutes to Knoxville, 30 minutes to Morristown, 34 minutes to Sevierville and just 38 Minutes to Hot Springs, NC.

Listing Courtesy:Country Living Realty

More Listing Info:

AC:Central Air: true

AC:Heat Pump3: true

Business Type:Other33: true

Business Type:Retail2: true

Business Type:See Remarks33: true

Contract Info:Foreclosure: No

Development Status:Cleared2: true

Development Status:Infrastructure In: true

Electric Service:220 Volts: true

Exterior Finish:Block5: true

Exterior Finish:Brick4: true

Exterior Finish:Metal Siding: true

General Property Description:# Parking Spaces: 30

General Property Description:# Restrooms: 2

General Property Description:Acres: 1.68

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: 380x505x10x581

General Property Description:Road Frontage Length: 380

General Property Description:Stories3: 1.0

General Property Description:Total SqFt Finished: 9029.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: Commercial

Heating:Central: true

Heating:Heat Pump2: true

Heating:Natural Gas2: true

Info Available:Aerial: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 6893.0

Location Tax Legal Info:Deed Book #: 1537

Location Tax Legal Info:Deed Page #: 522

Other Equipment:Dryer2: true

Other Equipment:Loading Dock(s): true

Other Equipment:See Remarks38: true

Other Equipment:Smoke Detector(s)2: true

Property Condition:Above Average: true

Remarks Misc:Directions3: From downtown Newport take 25-70W towards I-40, property will be on the left in 2.4 miles.

Remarks Misc:Public Remarks7: 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. Just 2.4 miles from downtown Newport, 44 minutes to Knoxville, 30 minutes to Morristown, 34 minutes to Sevierville and just 38 Minutes to Hot Springs, NC.

Restrictions:Other37: true

Road Access:Highway: true

Roof:Metal3: true

Sale Includes:Other38: true

Sewer:Public Sewer: true

Utilities:Cable Connected3: true

Utilities:Electricity Connected: true

Utilities:Natural Gas Connected: true

Utilities:Sewer Connected: true

Utilities:Water Connected: true

Water:Public: true