10.75 ACRES | WATERFRONT | MULTIPLE UNITS WITH STATE HIGHWAY ACCESS

Multi-Family for Sale
Also listed as Farm/Ranch
Catylist Listing ID: 30809331
Property Subtypes: Mixed Use, Other
Number of Units: 2 Units
Building Size (RSF): 2,580 SF
Gross Building Area: See Agent
Gross Land Area: 10.75 Acres
Sale Price: $660,000
Unit Price: $330,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2022

Overview / Comments

Waterfront acreage on the beautiful French Broad River. Discover the beauty of Newport Tennessee and level living at its finest in this conveniently located 2 bedroom 2 full bathroom ranch home with a full living area and workshop on the lower level. The property is 10.7 acres with views of the beautiful French Broad River from every angle and has over 700 feet of road frontage and adjoins 2 state highways. The floor plan is efficient with front and side entry, a full carport, plenty of room for RV parking, 2 full bedrooms, 2 full baths and full walkout basement. Flooring, paint, cultured marble bathroom countertops 2022, and appliances have been recently updated in this move in ready rancher.

The location is exactly where you want to be in Newport; just 20 miles from Morristown TN, 25 miles to Sevierville TN, 15 minutes to Douglas Lake and Dandridge TN and within reach of 2 major airports. The lower level of the lot is where you will find your over 550 foot waterfront and roughly 1 full acre of usable land right at the shoreline, perfect for outdoor festivities, fishing, kayaking boating or just an evening stroll down to your private Riverfront to watch the sunset and take in nature at your leisure. This property also includes a separate classic bungalow that could be used as an income producing property, storage, workshop, office or your next creative project. Schedule your showing today.

Additional Details

Nearest MSA: Newport
County: Cocke
Tax ID/APN: 015047 06100
Percent Occupied: 0%
Highway Access: HIGHWAY 160
Property Condition: Excellent
Number of Stories: 1
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface, Underground, Other
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, Fiber Optic
Lot Frontage: 700
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Legal Description: Parcel ID/Tax ID 047 061.00 000

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,609 16,770
Median Age: 39.67 41.86
Households: 3,293 7,067

Contact

Photograph of Listing Agent

Abe Baah

Smart Realty KAAR CIE Member
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