Town and Country Realty - Kingsport TN
147 Main Street
Newport, TN 37821

$149,900

Description

AMAZING OPPORTUNITY TO HAVE A THRIVING BUSINESS IN DOWNTOWN NEWPORT. Two parcels with two buildings and a lot behind them. These buildings are currently being used to restore cars. With the many amenities included with these buildings this is not an opportunity you want to miss. Previously a very successful auto repair service ran their business for ten years. Included inside the 6200 square feet of space is a car lift, paint mixing station for detail painting and a paint both that have a combined estimated value of $50,000 dollars. In Addition, another 5300 square feet, with direct access to the shop area is warehouse space or the potential to expand the service area. That is a total combined area of 11,500 square feet of space of land use for retail and warehouse trade. Both sides of the building, the service area and the warehouse side, have a 3 phase electrical service installed. Recently installed new rubber roof system over the service area. Roll up garage doors, office space, gas heat, compressed air and a fenced outdoor storage lot all included. Current tenant may be willing to stay if you the new owner wants continue with their occupation (to be negotiated). The downtown area of Newport is changing with plans to bring in new business and are currently making improvements to existing buildings. Now is a great time to get established and get noticed with this once in a lifetime opportunity to be apart of the greater Newport area.

Details

MLS#402426
Sub-TypeResale
StatusActive
Year1920
Days On Site216

Features

Story(s)1
Zoningretail trade

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Area Information

StateTN
CountyCOCKE
CityNewport
Zip Code37821
AreaCocke County
Listing VS Median (in 37821)
Price:
$149,900
low | high
Med:
$79,900
96.697798532355% of Average
On Site:
216
low | high
Med:
45
100% of Average
Listing Updated: 09/17/2018
MLS Number: 402426
Listing Provided By:
Alan Simpson  of  CENTURY 21 LEGACY

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