2110 TN-160 Highway, Newport, TN 37821

$289,000
3
BA
List Price
$289,000
Price Change
▼ $10,000 1694154137
MLS#
700098
Status
ACTIVE
Type
Commercial
City
Newport
County
Cocke
Bathrooms
3
Lot Size
457,380
Year Built
1980

Property Description

Extraordinary investment opportunity awaits aspiring entrepreneurs seeking to embark on their own business venture. This unrestricted property encompasses 1 acre of commercial zoning and an additional 9.5 acres designated for residential use. The possibilities here are truly limitless, with no restrictions to hinder your creative endeavors. Positioned on a prominent highway between Newport and Morristown, this fully equipped coffee shop is ready for immediate operation. The coffee shop comes fully equipped with two kitchens. The indoor kitchen caters to all your baking needs, while the outdoor grill provides additional culinary options. This establishment serves coffee, breakfast, and lunch during the day, and features an outdoor grill kitchen to accommodate the evening crowd. The cozy café-style interior offers a delightful array of seating options, including plush sofas and chairs or traditional dining tables, allowing guests to choose their preferred style. Outside, the patio beckons with a bar, pool table, and jukebox setup, creating a haven for relaxation and amusement after a bustling day. In the event that this particular venture does not align with your dream pursuit, fear not! This business can effortlessly transform into whatever your heart desires. Additionally, the property already includes a primitive cabin and a primitive bunkhouse, providing additional value and possibilities for expansion. Significant updates have been undertaken on the property, including electrical enhancements, installation of two new kitchens and two new bathrooms, new restaurant equipment, and the addition of a French drain. All renovations completed amounted to approximately $90,000, ensuring a modern and well-appointed establishment. Don't miss out on this exceptional opportunity to witness the full potential of owning your very own business. Come and explore this remarkable property firsthand, setting off on an exciting adventure towards entrepreneurship.

Additional Information

Lot Dimensions
IRR/IRR/IRR/IRR
Acres
10.50
Heating
Central, Electric
Cooling
Central Air, Electric, Window Unit(s)

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Elite Realty Group.