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This online only auction will begin to close on Thursday, August 8th at 7pm eastern.
Unleash Your Vision in Downtown Newport
JD's Realty & Auction is thrilled to present an extraordinary opportunity to own a landmark property in the heart of Newport. Located at 261 E Broadway, this former all-brick church boasts an impressive 50,000 +/-sq ft of versatile space, offering endless possibilities for developers and visionaries.
Property Highlights:
" Prime Location: Situated centrally in downtown Newport, this property is perfectly positioned for maximum accessibility and visibility. It's within walking distance to local amenities, businesses, and community attractions, making it an ideal location for various development projects.
" Historic Charm: This iconic all-brick structure exudes historic charm, providing a unique foundation for redevelopment. Whether you're envisioning luxury apartments, a boutique hotel, a vibrant cultural hub, or mixed-use development, this property offers the perfect canvas.
" Expansive Space: With approximately 50,000 sq ft of space, the potential is limitless. The large open areas within the building allow for flexible design and utilization, enabling you to bring your vision to life with ease.
" Incredible Value: The latest Cocke County tax appraisal values this property at $1,167,000, highlighting its exceptional investment potential. As Newport continues to grow, this property offers a rare chance to contribute to the city's development while benefiting from a prime downtown location.
" Investment Potential: Newport is a community on the rise, rich in history and poised for a bright future. This property provides an unparalleled investment opportunity, allowing you to shape the future of downtown Newport and create something truly remarkable.
Don't miss your chance to own a piece of Newport's history and drive the city's dynamic growth. Join us at the auction and take the first step toward realizing your development dreams.
Auction Details:
" Date: August 8th, 2024
" Time: 12pm EST
" Location: 261 E Broadway, Newport, TN (All Bidding will take place ONLINE)
For more information, visit our website or contact JD's Realty & Auction directly. We look forward to seeing you at the auction and helping you transform this extraordinary property into your next successful project.
JD's Realty & Auction
Your Trusted Partner in Real Estate and Auctions
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