Property Description

Listing Status

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  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
  Videos:	(none)
  Virtual Tours:	(none)

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