Darrin Breeden 865-607-9043

2110 TN-160 Highway, Newport, TN 37821$289,000

Contact Darrin Breeden About MLS#: 700098 Phone: 865-607-9043 / Email: uwin@darrinbreeden.com
Property Type: Commercial Sale Baths: 3 Lot Size (sq. ft.): 457,380 Status: Active
Current Price: $289,000 List Date: 6/12/2023 Last Modified: 9/24/2023

Description

Extraordinary investment opportunity awaits aspiring entrepreneurs seeking to embark on their own business venture. This unrestricted property encompasses 1 acre of commercial zoning and an additional 9.5 acres designated for residential use. The possibilities here are truly limitless, with no restrictions to hinder your creative endeavors. Positioned on a prominent highway between Newport and Morristown, this fully equipped coffee shop is ready for immediate operation. The coffee shop comes fully equipped with two kitchens. The indoor kitchen caters to all your baking needs, while the outdoor grill provides additional culinary options. This establishment serves coffee, breakfast, and lunch during the day, and features an outdoor grill kitchen to accommodate the evening crowd. The cozy café-style interior offers a delightful array of seating options, including plush sofas and chairs or traditional dining tables, allowing guests to choose their preferred style. Outside, the patio beckons with a bar, pool table, and jukebox setup, creating a haven for relaxation and amusement after a bustling day. In the event that this particular venture does not align with your dream pursuit, fear not! This business can effortlessly transform into whatever your heart desires. Additionally, the property already includes a primitive cabin and a primitive bunkhouse, providing additional value and possibilities for expansion. Significant updates have been undertaken on the property, including electrical enhancements, installation of two new kitchens and two new bathrooms, new restaurant equipment, and the addition of a French drain. All renovations completed amounted to approximately $90,000, ensuring a modern and well-appointed establishment. Don't miss out on this exceptional opportunity to witness the full potential of owning your very own business. Come and explore this remarkable property firsthand, setting off on an exciting adventure towards entrepreneurship.

More Information MLS# 700098

Contract Information

Current Price: $289,000 Original List Price: 340000 List Price: $289,000 Status: Active Listing Contract Date: 2023-06-12 Property Sub Type: Mixed Use Listing Agreement: Exclusive Right To Sell Buyer Brokerage Compensation: 3 Buyer Brokerage Compensation Type: % Sub Agency Compensation Type: Other Transaction Broker Compensation: 3 Transaction Broker Compensation Type: % Dual Or Variable Rate Commission YN: No Owner Name: Collette O'Reilly Occupant Type: Owner

Location, Tax, and Legal

Street Number: 2110 Street Name: TN-160 Street Suffix: Highway County: Cocke State: TN Postal Code: 37821 Civil District: 03 Tax Annual Amount: 588.15 Tax Year: 2022 Tax Map Number: 014 Parcel Number: 014 065.01 001 Additional Parcels YN: Yes Additional Parcels Description: 014 065.01 000 Sub Lot #: N/A

General Property Information

Bathrooms Total: 3 Year Built: 1980 Lot Size Acres: 10.5 Lot Size Dimensions: IRR/IRR/IRR/IRR Cooling YN: Yes Heating YN: Yes

Remarks and Miscellaneous

Public Remarks: Extraordinary investment opportunity awaits aspiring entrepreneurs seeking to embark on their own business venture. This unrestricted property encompasses 1 acre of commercial zoning and an additional 9.5 acres designated for residential use. The possibilities here are truly limitless, with no restrictions to hinder your creative endeavors. Positioned on a prominent highway between Newport and Morristown, this fully equipped coffee shop is ready for immediate operation. The coffee shop comes fully equipped with two kitchens. The indoor kitchen caters to all your baking needs, while the outdoor grill provides additional culinary options. This establishment serves coffee, breakfast, and lunch during the day, and features an outdoor grill kitchen to accommodate the evening crowd. The cozy café-style interior offers a delightful array of seating options, including plush sofas and chairs or traditional dining tables, allowing guests to choose their preferred style. Outside, the patio beckons with a bar, pool table, and jukebox setup, creating a haven for relaxation and amusement after a bustling day. In the event that this particular venture does not align with your dream pursuit, fear not! This business can effortlessly transform into whatever your heart desires. Additionally, the property already includes a primitive cabin and a primitive bunkhouse, providing additional value and possibilities for expansion. Significant updates have been undertaken on the property, including electrical enhancements, installation of two new kitchens and two new bathrooms, new restaurant equipment, and the addition of a French drain. All renovations completed amounted to approximately $90,000, ensuring a modern and well-appointed establishment. Don't miss out on this exceptional opportunity to witness the full potential of owning your very own business. Come and explore this remarkable property firsthand, setting off on an exciting adventure towards entrepreneurship. Directions: From Newport: Turn onto TN-160, drive 7.3 miles, destination will be on your right. From Morristown: From I-81, turn onto TN-160 towards Newport, drive 8.3 miles, destination will be on your left. GPS friendly

Status Change Information

Major Change Timestamp: 2023-09-08T01:18:04Z Major Change Type: Price Reduced Price Change Timestamp: 2023-09-08T01:18:04Z Status Change Timestamp: 2023-06-12

Building or Suite #1

Total SqFt: 1192

Deed Book Details

Deed Book: 1332 Deed Page: 726

Property Features

Business Type: Bakery; Bar/Tavern/Lounge; Candy/Cookie; Food & Beverage; Residential Construction Materials: Block Cooling: Central Air; Window Unit(s) Current Financing: Assumable; Owner Finance Electric: 220 Volts Fencing: Partial Heating: Central; Electric Lock Box Information: Combo Possession: Close Of Escrow Road Frontage Type: Highway Roof: Asphalt; Shingle Sewer: Septic Tank Water Source: Public Waterfront Features: Creek Showing Requirements: Appointment Only; Combination Lock Box; Showing Service
Listing Office: Elite Realty Group
Last Updated: September - 24 - 2023
2110 TN-160 Highway, Newport, TN 37821- MLS# 700098
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.