For Sale
$289,999

2110 Highway 160 Newport, TN 37821

Prime TN commercial property; restaurant, cabins included.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 10.5-acre commercial property in Newport, Tennessee, presents a unique investment opportunity. The land includes a fully equipped, turnkey restaurant ready for immediate operation. All kitchen equipment, including a pizza oven, coolers, a new refrigerator, and a griddle double oven, conveys with the sale. The restaurant's layout features a breakfast area, comfortable seating, and an outdoor bar area suitable for live music or karaoke. An outdoor firepit provides additional entertainment space. Adding to the property's value are two existing cabins, one with electricity, offering potential for rental income or personal use. The property boasts new electrical and plumbing systems, septic service, and fiber optic internet access. The seller is open to considering all reasonable offers and requests, which should be included in the purchase agreement. Additional features include a $500 home warranty, a $500 lender credit, a $300 attorney credit, and a $100 home inspection credit for qualified buyers. A 1% buy-down rate is also available for qualified buyers, potentially reducing monthly payments. The property's previous use as the Mountainside Coffee House provides a track record of success, viewable via online reviews. This is a rare opportunity to acquire a fully operational business with significant expansion potential on a substantial land parcel. The seller is motivated and will consider all offers.

Highlights

  • $289,999 asking price for 10.5 acres of commercial land.
  • Turnkey restaurant included with all equipment.
  • 10.5 acres with two cabins, offering additional income potential.
  • VIP buyer incentives include a $500 home warranty, $500 lender credit, $300 attorney credit, and $100 home inspection credit.
  • Qualified VIP buyers may be eligible for a 1% buy-down rate.

Property Details for 2110 Highway 160

Property type
Land
Lot Size (sq. ft)
457,380 SF

Location Insight

City
Newport
County
47029
State
Tennessee
Latitude
36.073773
Longitude
-83.1788634

FAQs

What type of property is this?
Land - Prime TN commercial property; restaurant, cabins included.
Where is the land located?
The property is located at 2110 Highway 160 Newport, TN.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: $289,999 asking price for 10.5 acres of commercial land.; Turnkey restaurant included with all equipment.; 10.5 acres with two cabins, offering additional income potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2110 Highway 160
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