261 Broadway StNewport, TN 37821

Property Details for 261 Broadway St

Lot size

0.63 AC

Property type

Office properties

Description

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.

Location Insight

City

Newport

County

47029

State

Tennessee

Latitude

35.9665

Longitude

-83.1869

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