DRASTICALLY REDUCED FROM ORIGINALLY $610K TO $460K. THIS PROPERTY IS ON THE BROADWAY STREET IN NEWPORT. IT IS A PERFECT LOCATION FOR A RESTAURANT OR A RETAIL SHOP. THE SELLERS ARE HIGHLY MOTIVATED, HENCE THE NEW PRICE OF $460K. THE TRAFFIC ON THIS ROAD IS CONTINUOUS AND NEWPORT IS A CITY THAT IS GROWING AND OLD BUILDINGS ARE BEING RENOVATED. THIS PROPERTY HAS A NEW ROOF, NEW ELECTRICAL, NEW PLUMBING, & HVAC RE-WORKED. THIS PROPERTY IS BRILLIANT FOR BUSINESS! A NOTE ON REAL ESTATE. IT IS NOT TODAY THAT YOU EVALUATE THE PROPERTY THAT YOU BUY, BUT WHAT IT WILL BE WORTH IN 10 YEARS! Commercial building for sale in downtown Newport, Tennessee.(There is also an option to lease this property as well.) The building is 6500 square feet. The downstairs is 3,255 square feet of shop space. 500 square feet of that is storage. There is a small bathroom and a dressing room. There is also a freight elevator to the second floor. The second floor is 3,255 square feet. The area is deemed as storage and office space per the fire marshall. With modification, it could be turned into an apartment and further shop space. The office space includes a large office area, full bathroom, kitchen, and bedroom with a large closet. The desk unit conveys with the property. All new electrical wiring and plumbing have been installed in late 2022. The HVAC has been updated with new internal ductwork. New Roof installed 2023. Mold and Radon checks were also done. Results were all negative. The City Council of Newport have begun plans to revitalize downtown Newport.