For Sale
$600,000

261 Broadway St Newport, TN 37821

Historic church, 50,000+ sq ft, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional property, located at 261 E Broadway St in Newport, Tennessee, presents a unique redevelopment opportunity. The former all-brick church boasts approximately 50,000 square feet of versatile space, offering endless possibilities for developers and visionaries. Situated in the heart of downtown Newport, this prime location ensures maximum accessibility and visibility, with proximity to local amenities, businesses, and community attractions. The building's historic charm provides a unique foundation for a variety of projects, from luxury apartments and boutique hotels to vibrant cultural hubs or mixed-use developments. The expansive square footage allows for flexible design and utilization, enabling the creation of a truly bespoke development. This property is currently listed at $600,000, significantly below its recent Cocke County tax appraisal of $1,167,000, representing an exceptional investment opportunity. The 0.63-acre lot size offers ample space for development. Newport's growth trajectory makes this a compelling investment, allowing participation in the city's revitalization while capitalizing on a prime downtown location. This is a chance to own a piece of Newport's history and shape its future.

Highlights

  • 50,000 SF former church building on a 0.63-acre lot in downtown Newport, TN.
  • Prime downtown location with high visibility and accessibility.
  • Exceptional redevelopment opportunity with versatile space suitable for various uses, including apartments, hotels, or mixed-use.
  • Listed at $600,000, significantly below its $1,167,000 tax appraisal.
  • Strong investment potential due to Newport's growth trajectory and prime location.

Property Details for 261 Broadway St

Property type
Office properties
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Newport
County
47029
State
Tennessee
Latitude
35.9665496
Longitude
-83.1868538

FAQs

What type of property is this?
Office property - Historic church, 50,000+ sq ft, prime location.
Where is the office property located?
The property is located at 261 Broadway St Newport, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 50,000 SF former church building on a 0.63-acre lot in downtown Newport, TN.; Prime downtown location with high visibility and accessibility.; Exceptional redevelopment opportunity with versatile space suitable for various uses, including apartments, hotels, or mixed-use.
How can I contact the broker?
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261 Broadway St
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