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423-968-7653
Commercial ()

640 Cosby Hwy
Newport, TN 37821

Stories: 1.0
Price: $1,500,000  Price Per ft²: $143.54  List Date: 2024-02-03  DOM:  75
City Tax: $5,299 County Tax: $5,635
Year Built: 1992 

Finished Area: 5,225 ft²

Unfinished: 5,225 ft² (not in garage)  

Total Area: 10,450 ft² (Finished & Unfinished)

Lot Size: 1.15 acre(s)Lot Dimensions: 50,094 sq. ft.Road Frontage: 184ft
Heating: Floor Furnace, Heat Pump, Natural GasCooling: Heat PumpWater & Sewage: Public

Description

Check out this incredible investment property positioned in a prime location on Cosby Highway, just 1 mile from exit #435 on I40. This exit is one of the busiest in Tennessee and is minutes from Gatlinburg, Pigeon Forge and The Great Smoky Mountains. This property offers 184 feet of road frontage, 4 storefronts that consist of 5225 feet of marketable rental space situated on 1.15 Acres. Spacious parking lot and a new drive-thru installed in 2023. Additionally, this property offers a full-size unfinished basement with a large back lot that can be utilized for additional income. Other features include a asphalt shingle roof, fresh paint and a recently installed awning. Locally owned and operated for many years, this property has been well maintained. This shopping center is hitting the market for the first time and will prove to be a smart buy for any investor! Buyer or Buyer's Agent to verify exact measurements.

Community Information

Geographical
County: Cocke
Subdivision:
Zoning: Commercial
School System
Elementary
Middle
High

Interior

Exterior

Roof: See Remarks, Shingle Exterior Finish: Brick, Concrete, Wood Siding 

Photos

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Listing by Envision Realty Group
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