How Does Saved Listings Work?
To save a listing to your list of favorites, click into the listing you're interested in and simply click the "Save Listing" button from the listing details page.
You have now saved your listing!
To view your saved listings, click on the top " Saved Listings" link at the top of the screen near the menu. Save as many as you want and catalog them with this easy-to-use feature!
This feature works by storing an HTTP cookie on your machine to store and retrieve your list of favorites. To clear all favorite listings, simply clear out your browser's cookies (under the browser's settings).
861 East Highway 2570
Newport TN 37821
MLS #9985835 · Listing Courtesy of Country Living Realty
$2,500,000
Active
9,029
Sq Ft
1.68
Acres
2000
Built
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. 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.
Property Facts
Property TypeCommercial Sale
MLS Number9985835
City Taxes$0
County Taxes$6,893
Features & Amenities
220 Volts
Above Average Condition
Aerial
Block Exterior
Brick Exterior
Cable Connected
Central Air
Central Heating
Cleared
Dryer
Electricity Connected
Heat Pump
Highway
Infrastructure In
Loading Dock(s)
Metal Roof
Metal Siding Exterior
Natural Gas Connected
Natural Gas Heating
Public Sewer
Public Water
Retail
Sewer Connected
Smoke Detector(s)
Water Connected
Directions
From downtown Newport take 25-70W towards I-40, property will be on the left in 2.4 miles.
-
Additional Information
Business TypeOtherYesSee RemarksYesContract InfoForeclosureNoGeneral Property Description# Parking Spaces30# Restrooms2Annual Lease0HOANoLeaseNoLot Size380x505x10x581Road Frontage Length380Stories1Total Finished SqFt9,029Unfinished SqFt0ZoningCommercialLocation Tax Legal InfoDeed Book #1,537Deed Page #522Other EquipmentSee RemarksYesRestrictionsOtherYesSale IncludesOtherYes
Mortgage Calculator
Estimate your monthly payments!
Share This Listing
Want to see this property?
Fill out the form below!