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640 Cosby Highway

Newport, TN 37821
  • $1,099,900
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 9961601
UPDATED: 33 min ago
$1,099,900
  • 0
    BEDS
  • 1.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,225
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1992
County:
Area:

School Ratings & Info

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.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-02-23T14:00:24.247.
www.highlandsrealtyinc.com/homes/147255534
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640 Cosby Highway Newport, TN 37821

  • Price: $1,099,900
  • Status: Active
  • On Site: 19 Days
  • Updated: 33 min ago
  • MLS #: 9961601
0
Beds
0
Baths
0
½ Baths
1.15
Acres
5,225
SQFT
$211
$/SQFT
1992
Built
Neighborhood:
Cocke County
County:
Cocke
Area:
Cocke County
Property 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.
Exterior Features

Construction Materials BrickConcreteWood Siding Roof ShingleSee Remarks

Interior Features

Building Area Total 10450 Cooling Heat Pump General Property Description Total Sq Ft Finish 5225 General Property Description Total Sq Ft Unfini 5225 Heating Heat PumpFloor Furnace Heating YN Yes

Property Features

Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Current Financing None Documents Available [] Listing Terms CashConventional New Construction YN No Other Equipment BasementDisplay WindowFire AlarmHandicap AccessInside StorageLighting-FluorescentOverhead DoorsSecurity SystemSmoke Detector(s)Truck ScalesSee Remarks Property Condition Average Sewer Public Sewer Water Source Public Zoning Commercial

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Shandi Whittenburg of Envision Realty Group: 423-525-5767.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-02-23T14:00:24.247.
 
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