2110 Highway 160, Newport, TN 37821

$289,000
2
BD
3
BA
1,192
SqFt
List Price
$289,000
Price Change
▼ $10,000 1694154137
MLS#
700120
Status
ACTIVE
Type
Single Family Residential
City
Newport
County
Cocke
Bedrooms
2
Bathrooms
3
Baths Half
2
Baths Full
1
Living Area
1,192
Lot Size
457,380
Year Built
1980

Property Description

This versatile unrestricted residential/commercial property offers endless possibilities as it can potentially be rezoned for residential use or maintained as a dual-purpose business and residence. An extraordinary investment opportunity awaits ambitious entrepreneurs. With 1 acre of commercial zoning and an additional 9.5 acres designated for residential purposes, there are no limits to your creative endeavors. Located on a prominent highway between Newport and Morristown, this fully equipped coffee shop is ready for immediate operation. Complete with two kitchens, the coffee shop accommodates all baking needs with an indoor kitchen, while an outdoor grill adds culinary flexibility. Serving coffee, breakfast, and lunch during the day, this establishment also features an outdoor grill kitchen for evening patrons. The cozy café-style interior offers various seating options, including plush sofas and chairs or traditional dining tables, catering to individual preferences. Outside, a welcoming patio awaits, equipped with a bar, pool table, and jukebox for relaxation and entertainment after a busy day. Should this particular venture not align with your dream pursuit, fear not! The business easily adapts to your desires. Additionally, the property already includes a primitive cabin and a primitive bunkhouse, providing extra value and expansion possibilities. Significant updates have been made, such as electrical enhancements, installation of two new kitchens and two new bathrooms, acquisition of new restaurant equipment, and the addition of a French drain. Renovations totaling approximately $90,000 ensure a modern and well-appointed establishment. Don't miss this exceptional opportunity to explore the potential of owning your own business. Come see this remarkable property firsthand and embark on an exciting entrepreneurial adventure.

Additional Information

Acres
10.50
Appliances
Bar Fridge, Dishwasher, Dryer, Electric Range, Microwave, Range, Refrigerator, Washer, Washer/Dryer, Other
Cooling
Central Air, Electric, Window Unit(s)
Exterior Features
Outdoor Grill, Outdoor Kitchen
Fireplace
Yes
Living Area
1,192
Lot Dimensions
IRR/IRR/IRR/IRR
Year Built
1980
Heating
Central, Electric, Wood Stove
Fireplaces
1
Sewer
Septic Tank

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Listing courtesy of Elite Realty Group.