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243 E Broadway

Newport, TN 37821
  • $180,000
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • ID#: 245320
Under Contract
UPDATED: 39 min ago
$180,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
  • $40
    $/SQFT
Neighborhood:
Na
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Listing courtesy of Re/Max Between The Lakes Jeff City.


Description

Currently leased for $1250.00 month to Perfect Peace Bakery and Catering with a Restaurant. Keep tenant or do whatever you want with this 4500 sq ft bldg. located downtown Newport at the intersection of Highway 25/70 and Highway 321 with approximate 14,000 daily traffic count according to TDOT. Plenty of City Parking across the street and just down the road a bit. Seller has vamped this building for a Restaurant / Bakery which is a need downtown. All the equipment stays except a few pieces the tenant owns. The upstairs has access to another entrance from the road to create living quarters which would make a really neat apartment downtown or expand a business for many uses. Next Door is for sale as well which would be a very nice investment for a Brewery or other with a restaurant already in place for food needs (just take out a wall and bam there you are). Tenant pays utilities, Owner pays taxes, insurance and maintenance. Shown by appointment only please. Thanks

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Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-10-19T22:15:32.12.
www.smokymtnhomeinfo.com/homes/121994146
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243 E Broadway Newport, TN 37821

  • Price: $180,000
  • Status: Active Under Contract
  • Updated: 39 min ago
  • ID#: 245320
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,500
SQFT
$40
$/SQFT
1955
Built
Neighborhood:
Na
County:
Cocke
Area:
Newport
Property Description
Currently leased for $1250.00 month to Perfect Peace Bakery and Catering with a Restaurant. Keep tenant or do whatever you want with this 4500 sq ft bldg. located downtown Newport at the intersection of Highway 25/70 and Highway 321 with approximate 14,000 daily traffic count according to TDOT. Plenty of City Parking across the street and just down the road a bit. Seller has vamped this building for a Restaurant / Bakery which is a need downtown. All the equipment stays except a few pieces the tenant owns. The upstairs has access to another entrance from the road to create living quarters which would make a really neat apartment downtown or expand a business for many uses. Next Door is for sale as well which would be a very nice investment for a Brewery or other with a restaurant already in place for food needs (just take out a wall and bam there you are). Tenant pays utilities, Owner pays taxes, insurance and maintenance. Shown by appointment only please. Thanks
Exterior Features

Access City StreetState RoadHighwayPaved Construction Block Exterior Features Paved ParkingSidewalks Lot Dimensions 25X146x25x146 Parking 25+

Interior Features

Basement None Bonus Rooms Yes Cooling Central ElectricCentral Gas Heating Forced Air Gas Interior Features 220 VoltDisplay WindowHandicap Restroom3 PhaseRecreation FacilitiesFixturesRestroomsFurniture Number Of Bonus Rooms 1 Number Of Rooms 6 Restrooms 3 Stories One

Property Features

Annual Tax 2367.00 Commercial Type Fee Simple Improved Common Area Maintenance Other Current Use Food ServiceRetail District 06 Gross Rent Amount One 15000.00 Lot Block Unit 0 Monthly Lease Amount 1250.00 Owner Financing No Proposed Financing CashConventional Restrictive Covenants Yes Services Paid By Tenant ElectricityNatural GasWaterSewer Suitable Use Medical/DentalApartmentFood ServiceFranchiseOfficeRetail Tax Year 2020 Utilities Cable Tv AvailableWater ConnectedNatural Gas ConnectedElectricity ConnectedHigh Speed InternetPhone ConnectedSewer ConnectedInternet Zoning Gen Comm Zoning Entity Cocke County

Copyright 2021 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Re/Max Between The Lakes Jeff City | Office Phone: 8654757400 .

Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-10-19T22:15:32.12.
 
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Prime Mountain Properties
807 Dolly Parton Pkwy
Sevierville TN, 37862
Listing courtesy of Re/Max Between The Lakes Jeff City.