1018 Cosby HwyNewport, TN 37821

Property Details for 1018 Cosby Hwy

Lot size

0.55 AC

Property type

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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