For Sale
$750,000

1018 Cosby HwyNewport, TN 37821

High-traffic .55-acre lot, ideal for development.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.55-acre commercial lot presents a unique investment opportunity in the thriving city of Newport, Tennessee. Located at 1018 Cosby Hwy, 37821, this property boasts a prime location with excellent visibility and accessibility. The lot offers cross-over parking available on both easements, maximizing convenience for potential businesses and customers. High traffic counts are a significant advantage, with 22,725 average daily traffic (ADT) on Cosby Highway and 37,162 ADT on I-40, ensuring substantial exposure for any development. The area is already home to a strong retail presence, including established businesses such as Walmart, Lowe's, Bojangles, Best Western Newport Inn, Cracker Barrel, Hampton Inn, and Newport Cinema 4, creating a vibrant and attractive commercial environment. Strong demographics further support the potential of this site. Within a 5-mile radius, the population is 19,109 with an average household income of $49,952. This increases to 39,282 residents and $59,227 average household income within 10 miles, and 71,266 residents and $65,218 average household income within 15 miles. This prime location and strong surrounding infrastructure make this .55-acre lot an exceptional opportunity for commercial development. The asking price is $750,000.

Highlights

  • 0.55-acre commercial lot.
  • Cross-access parking available via both easements.
  • High traffic counts: 22,725 ADT on Cosby Highway and 37,162 ADT on I-40.
  • Strong retail synergy with nearby Walmart, Lowe's, Bojangles, Best Western, Cracker Barrel, Hampton Inn, and Newport Cinema 4.
  • Robust demographics: 19,109 population within 5 miles, average household income of $49,952.

Property Details for 1018 Cosby Hwy

Property type
Land
Lot Size (sq. ft)
23,958 SF

Location Insight

City
Newport
County
Cocke
State
Tennessee
Latitude
35.9447537
Longitude
-83.2043778
1018 Cosby Hwy, Newport, Tennessee

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1018 Cosby Hwy
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