$2,999,000
Newport, TN 37821
MLS# 9985835
9029 sqft
1 / 49
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.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 046 137.00
Deed Book #: 1537
Deed Page #: 522
City Taxes: 0
County Taxes: 6893
Contract Info
List Price/SqFt: 332.15
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 2999000
Current Price: $2,999,000
Listing Date: 2025-09-12
General Property Description
Road Frontage Length: 380
Acres: 1.68
Lease: No
Lot Size: 380x505x10x581
Zoning: Commercial
HOA Y/N: No
Stories: 1
Total SqFt Finished: 9029
Total SqFt Unfinished: 0
# Parking Spaces: 30
# Restrooms: 2
Annual Lease $: 0
Year Built: 2000
Total SqFt: 9029
Remarks & Misc
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.
Directions: From downtown Newport take 25-70W towards I-40, property will be on the left in 2.4 miles.
Property Condition
Above Average: 1
Business Type
Retail: 1
Other: 1
See Remarks: 1
Exterior Finish
Block: 1
Brick: 1
Metal Siding: 1
Other Equipment
Dryer: 1
Loading Dock(s): 1
Smoke Detector(s): 1
See Remarks: 1
Roof
Metal: 1
Road Access
Highway: 1
Electric Service
220 Volts: 1
Development Status
Cleared: 1
Infrastructure In: 1
Heating
Central: 1
Heat Pump: 1
Natural Gas: 1
Info Available
Aerial: 1
AC
Central Air: 1
Heat Pump: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Other: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
Conventional: 1
Sale Includes
Other: 1
Location Tax Legal Info
Street #: 861
St Direction: East
Street Name: Highway 25-70
County: Cocke
State/Province: TN
Zip Code: 37821
Area: 208 - Cocke County
Property Features
Property Condition: Above Average
Business Type: Retail; Other; See Remarks
Exterior Finish: Block; Brick; Metal Siding
Other Equipment: Dryer; Loading Dock(s); Smoke Detector(s); See Remarks
Roof: Metal
Electric Service: 220 Volts
Development Status: Cleared; Infrastructure In
Heating: Central; Heat Pump; Natural Gas
AC: Central Air; Heat Pump
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Road Access: Highway
Info Available: Aerial
Restrictions: Other
Financing: Cash; Conventional
Existing Finance: Conventional
Sale Includes: Other
Listing Office: Country Living Realty
Last Updated: November - 07 - 2025
Information deemed reliable but not guaranteed.