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
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!
More Information MLS# 192797
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
Contract Information
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
Current Price: $775,000
Original List Price: 999000
Sold Price: $775,000
Status: Closed
Listing Contract Date: 2014-10-26
General Property Information
Number Of Buildings: 2
Lot Size Dimensions: 200/140/200/140
Lot Size Acres: 0
Business Name: BROCKS MARKET & DELI
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 68.21
Sold Price/SqFt: 52.92
Living Area: 14646
Year Built: 1965
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
Status Change Timestamp: 2015-06-11
Buyer Financing: Conventional
Major Change Timestamp: 2015-06-11T05:36:04Z
Major Change Type: Status Change
Purchase Contract Date: 2015-04-03
Close Date: 2015-06-11
Close Price: 775000
Currently Not Used
Book/Page/Doc #: 189, 364
Basement
Partial: 1
Construction Materials
Block: 1
Brick: 1
Stone: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Exterior Features
Lighting: 1
Heating
Central: 1
Forced Air: 1
Natural Gas: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Other Equipment
Compressor: 1
Parking Features
On Site: 1
Paved: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Highway: 1
Interstate Within 1 Mile: 1
Road Surface Type
Paved: 1
Security Features
Security System: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Office: 1
Retail: 1
Warehouse: 1
Building Features
Fixtures: 1
Inventory: 1
Living Space: 1
Number Of Restrooms: 4
Restrooms: 1
Storage: 1
Business Type
Retail: 1
Showing Requirements
Call Listing Agent: 1
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.
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
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
Listing Office:
Massey Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.