1018 Cosby HwyNewport, TN 37821

Property Details for 1018 Cosby Hwy

Lot size

0.55 AC

Property type

Land

Property subtype

Commercial land

APN

015056 01703

APU

1505601703

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,015,622

  Hospitality

  $6,426,272

  Educational

  $5,346,584

  Medical

  $5,530,460

  Retail

  $8,316,908

Location Insight

City

Newport

County

Cocke

State

Tennessee

Latitude

35.9456

Longitude

-83.2049

CBSA code

35460

CBSA name

NEWPORT, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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