Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom commercial at 861 W Highway 25-70 in Newport, TN is listed for $2,500,000 ($277 per sqft). Built in 2000, the home offers 9,029 sqft of living space on a 1.68 acres lot.
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.
Key Features
- Built in 2000
- 1.68 acre lot
- 30 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
861 W Highway 25-70
Newport, TN 37821
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 861 W Highway 25-70 is listed at $2,500,000 ($277/sqft). The estimated monthly payment is $10,833 based on 20% down at 6.5% interest.
Key features include: Built in 2000, 1.68 acre lot, 30 parking spaces. Exterior Features: Dock.
This property is listed by Donald Fabrikant and can be reached at 4234309012 or donfabs@outlook.com.
