SQUARE FEET9,029
MLS#3079015
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Lot Size: 1.68 Acres
Year Built: 2000
Listed By / Shown By
Listed By
Agency Name: Country Living Realty
Agency Phone: 4234309012
Shown By
Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
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861 W Highway 25 70 W | MLS# 3079015
This commercial property located at 861 W Highway 25 70 W, Newport, TN 37821 is currently listed for sale with an asking price of $2,999,000. Search Newport real estate on www.barbarabellrealtor.com today.