Newport Land on I-40

Vacant Land for Sale
Catylist Listing ID: 30759254
Property Subtypes: Hospitality, Office, Retail, Self Storage
Gross Land Area: 1.80 Acres
Sale Price: $360,000
Unit Price: $200,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

1.8 acre wooded lot with easy access and high visibility from heavily traveled Interstate I-40 located in Cocke County, Newport TN. This property boasts 203' road frontage on I-40. Motel 6, Weigel's and Newport Cinema are neighboring businesses. Well suited for retail, wholesale, shopping center, restaurant, hotel or office. Great development opportunity in a growing market.

Currently zoned C-2 General Business allowing up to 30' high signage and up to 150 sq ft.
C-3 zoning can be easily obtained allowing signage up to 100' high and up to 350 sq ft.

Attachments & Media

Additional Details

Nearest MSA: Newport
County: Cocke
Tax ID/APN: 015056I H 00204
Zoning: C-2
Property Located Between: I-40 and Heritage Blvd
Property Visibility: Excellent
Largest Nearby Street: I-40
Feet of Frontage: 203
Traffic/Vehicle Count: 35,299
Highway Access: I-40, Cosby Hwy TN-32
Airports: McGhee Tyson Airport - 60 miles
Lot Frontage: 203'
Lot Depth: 329'
Zoning Description: Currently zoned C-2 General Business which is well suited for retail, wholesale, shopping center, restaurant, hotel or office. C-3 zoning can be easily obtained which is suited for the same business but allows signage up to 100' high and up to 350 sq ft.
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,455 11,123 17,376
Median Age: 40.52 42.48 41.46
Households: 621 4,689 7,273

Contact

Photograph of Listing Agent

Brian H. Tapp, CCIM

Avison Young KAAR CIE Member
Photograph of Listing Agent

Andrew Wilmoth

Avison Young KAAR CIE Member
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