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11682870
11682857

977 W Highway 25-70, Newport, TN 37821

Country Living Realty
Country Living Realty
Listed by Country Living Realty
$701,000
1078 days on market
Updated 16 days ago

977 W Highway 25-70

Details
Property Type Office
Cap Rate 14.27%
NOI $100,000
Year Built 1961
Acreage 1.900
Zoning None

Property sits off major hwy by interstate and entrance to expanded bypass

Marketing description

Great storage space available. Also still operational as a bowling alley. Has established leagues. Conveniently located off I-40. 247 feet of highway road frontage. Situated on 1.9 acres with over 50 parking spaces. Paved parking lot. This bowling alley has 12 lanes. Comes with everything you need to keep this running as a bowling alley if you choose to do so. Air hockey table, video games, vending machines and much more are located in the main area of the building. Roof is approx 10 years old. Comes with a separate apartment located in the back of the building with its own entrance. Can be accessed from inside the bowling alley or the outside of the building. The apartment is a 1 Bed 1 Bath space. Has the potential to be a 2 bedroom space. Comes with microwave, range, washer and dryer hook ups. Could be used to live in for yourself or to rent and add to your revenue! Call today for your private showing!

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Listing Contacts

Country Living Realty
Country Living Realty
Listed by Country Living Realty

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$100,000.00
$8,333.33/mo

Valuation Metrics

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DSCR
14.27%
Cap Rate
14.27%
ROI

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