243 E MAIN STREET Newport, TN 37821

$99,500
243 E MAIN STREET, Newport, TN 37821
368479

Commercial Property for sale in Newport, TN

for $99,500 with 3 full baths. This 5,776 square foot building was built in 1900 on a lot size of .13 Acre(s).

Property Information

  • $99,500
  • 3 Full Baths
  • Commercial
  • 5,776 Square Feet
  • Taxes are $1,078
  • Service
  • Active
  • 2 Floors
  • Lot size of .13 Acre(s)
  • Built in 1900
  • Newport, TN
  • Cocke County
  • MLS/Web ID is 368479
  • Foreclosure

Description

Great Deal & Wonderful Investment Opportunity!!!! Currently (2) Active Businesses Producing Income w/Space for Additional Rental Income! This Timeless & Iconic 5776 Sq Ft Building Currently Leases Successful Petals Florist, Barber Shop & Additional Corner Building Space. Prime Corner In City on East Main St, US Hwy 321 in Downtown Newport. 2nd Floor of Petals Florist was Once an Apartment & 2nd Floor of Corner Building Has Main St & Hwy 321 Access, Could be Remodeled For Apartment or Business Spaces for More Rental Properties! Priced $54, 900 Under Current Appraisal! Rent From These Businesses Will Appeal to Any Investor Who Prefers Quick Payoffs & Clear Profit! A Great Opportunity To Invest In Downtown At The Beginning Stages Of New Businesses & The Downtown River Revitalization ERA! Awesome Opportunity!

Interior 4

Cooling System

  • Ceiling Fan(s)
  • Central Air
  • Window Unit(s)

Heating System

  • Central Heat
  • Forced Air

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Road Frontage

  • City Street
  • US Highway

Roof

  • Rolled Roof

Siding

  • Brick
  • Stucco Exterior

Miscellaneous 4

Documents

  • Plat

Possession

  • At Closing

Restrictions

  • Utilities Easement

Utilities

  • Cable
  • Electric: Single Phase

† Excluded Feature

Listed By

Listing Agent: KAREN MASSEY

243 E MAIN STREET , Newport, TN, 37821 is a Commercial Property for sale at $99,500 with 5,776 sqft and a lot size of .13 Acre(s). 243 E MAIN STREET has 3.0 baths and was built in 1900. The property's zip code is 37821 which is in Newport, TN

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Pricing History

Date Price Price Change Description
3/22/2018 $99,500 -9.13 % Price Change
5/13/2017 $109,500 -4.37 % Price Change
9/25/2015 $114,500 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Newport $247,810 149 % above $169,000 70 % above
Commerical listings in Newport $252,687 154 % above $199,450 100 % above

Get the facts about Newport, TN!

Population 7,219
Population Growth (since 2000) 1 %
Median Income $23,212
Median Age 40.86
Households w/ Children 25 %

Residential Dwellings

  • Owned 1693
  • Vacant 364
  • Rented 1469

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363