601 BROADWAY, Newport, TN 37821

$775,000
Property Type: Commercial Sale Square Footage: 14,646 Status: Closed
Current Price: $775,000 List Date: 10/26/2014 Last Modified: 8/23/2024

Overview

Description

Great Investment Opportunity! ICONIC & WELL ESTABLISHED BROCKS OPEN AIR MKT & DELI Now Available! Owner Retiring After 35 Yrs of Establishing Very Prosperous Business! ALSO INCLUDED IN THIS PRICE, 3470 Sq Ft, 4 BR/2BA Home Located Beside Business! Business is Fully Stocked & Operating Offering New Metal Roof, New Vinyl Siding, New Gas Heat System, Huge Walk In Coolers (13 Door & 9 Door), 4 Freezers w/One Huge $15,000 Walk In Freezer, Vending Machines & So Much More! BONUS! Extra Business or Storage Space in Upper & Lower Section of Attached Building Facing Heavily Traveled Lincoln Ave. An Opportunity Like This May Never Happen Again!

Listing Details MLS# 192797

General Property Information

Number Of Buildings
2
Lot Size Dimensions
200/140/200/140
Living Area
14646
Business Name
BROCKS MARKET & DELI
Year Built
1965
Bonus Room YN
No
Sign On Property YN
No
List Price/SqFt
68.21
Sold Price/SqFt
52.92
Lot Size Acres
0
Number of Bonus Rooms
0

Property Features

Basement: Partial Building Features: Fixtures; Inventory; Living Space; Restrooms; Storage Business Type: Retail Construction Materials: Block; Brick; Stone; Vinyl Siding Cooling: Central Air; Electric; Heat Pump Exterior Features: Lighting Heating: Central; Forced Air; Natural Gas Levels: Two Listing Terms: Cash; Conventional; Fee Simple Improved Other Equipment: Compressor Parking Features: On Site; Paved Possession: Close Of Escrow Possible Use: Office; Retail; Warehouse Road Frontage Type: City Street; Highway; Interstate Within 1 Mile Road Surface Type: Paved Security Features: Security System Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
601
Street Name
BROADWAY
County
Cocke
State
TN
Zip Code
37821
Property Sub Type
Other
MLS Area Major
Newport
Subdivision Name
Newport Dev Co

Contract Information

Original List Price
999000
Listing Contract Date
2014-10-26
Owner Name
MOORE
Listing Agreement
Exclusive Right To Sell
Rental History Gross Amount 1
0
Rental History Year 1
0
Rental History Gross Amount 2
0
Rental History Year 2
0
Association Fee
0

Remarks and Miscellaneous

Public Remarks
Great Investment Opportunity! ICONIC & WELL ESTABLISHED BROCKS OPEN AIR MKT & DELI Now Available! Owner Retiring After 35 Yrs of Establishing Very Prosperous Business! ALSO INCLUDED IN THIS PRICE, 3470 Sq Ft, 4 BR/2BA Home Located Beside Business! Business is Fully Stocked & Operating Offering New Metal Roof, New Vinyl Siding, New Gas Heat System, Huge Walk In Coolers (13 Door & 9 Door), 4 Freezers w/One Huge $15,000 Walk In Freezer, Vending Machines & So Much More! BONUS! Extra Business or Storage Space in Upper & Lower Section of Attached Building Facing Heavily Traveled Lincoln Ave. An Opportunity Like This May Never Happen Again!
Directions
From I-40 Exit # 435, Go Hwy 321 N Approx 1 Mile, Right on Jones Circle (Turns into Lincoln Ave), Property on Corner Lincoln Ave & Hwy 25/70 East

Status Change Information

Major Change Timestamp
2015-06-11T05:36:04Z
Major Change Type
Status Change
Status Change Timestamp
2015-06-11
Purchase Contract Date
2015-04-03
Close Date
2015-06-11
Close Price
775000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
189, 364

Building Features

Number Of Restrooms
4
Fixtures
Yes
Inventory
Yes
Living Space
Yes
Restrooms
Yes
Storage
Yes

Showing Requirements

Showing Instructions
Appt w/Listing Agent Required, Seller Will Disclose Financials w/Accepted Contract During The Buyers Due Diligence Period as Stated on TAR Commercial Listing Agreement, Line #70. Agents, Please do not contact seller, All Inquiries through Listing Agent. Qualified Buyers Only.
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-1
Zoning Entity
Newport
Tax Lot
8-11
Tax Annual Amount
4738
Tax Year
2011

Basement

Partial
Yes

Construction Materials

Block
Yes
Brick
Yes
Stone
Yes
Vinyl Siding
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Features

Lighting
Yes

Heating

Central
Yes
Forced Air
Yes
Natural Gas
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Other Equipment

Compressor
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes
Highway
Yes
Interstate Within 1 Mile
Yes

Road Surface Type

Paved
Yes

Security Features

Security System
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Office
Yes
Retail
Yes
Warehouse
Yes

Business Type

Retail
Yes
Listing Office: Massey Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.