185 Main StNewport, TN 37821

Property Details for 185 Main St

Year built

1939

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.83 AC

Property size (Sq ft)

29,682 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

015047O B 00100

APU

015047OB00100

Description

This expansive industrial property, located at 185 W Main Street Unit 185, Newport, TN, presents a unique investment opportunity. The 0.83-acre lot houses a substantial 19,875 square foot warehouse, complemented by an additional 10,930 square feet of uncovered space at the rear. Built in 1939 as part of the Rhyne Lumber Company, this building boasts a rich history and offers immense potential for redevelopment. While requiring renovation, a structural engineer's report confirms the building's structural integrity. The necessary updates include the sprinkler system, electrical wiring, plumbing, and roof. The price has been reduced to offset the cost of these improvements. Despite the needed renovations, the warehouse's size and location in Newport, TN, make it an attractive proposition for a variety of commercial uses. The open layout provides flexibility for customization, allowing for the creation of modern, efficient workspace. Serious inquiries are encouraged to explore the possibilities this historic property offers. The property is available for immediate viewing.

• Alternative Use

  Use

  Valuation

  Residential

  $8,691,782

  Hospitality

  $7,961,626

  Educational

  $6,623,979

  Medical

  $6,851,788

  Retail

  $10,303,967

Location Insight

City

Newport

County

Cocke

State

Tennessee

Latitude

35.9688

Longitude

-83.1959

CBSA code

35460

CBSA name

NEWPORT, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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