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301 E Main St
Newport, TN 37821
Retail Property For Sale
Investment Highlights
- Sale-leaseback opportunity with national credit tenant occupancy (financial services)
- Downtown Newport location near Main St. and the riverfront
- Property is located with a federally designated Opportunity Zone
Executive Summary
• Sale-Leaseback investment opportunity with national credit tenant occupancy
• Downtown Newport location near Main Street and the riverfront
• Surrounded by several new adaptive reuse projects to include new retail, residential and hotel.
• Character-rich architecture with strong community presence
• New HVAC System installed in 2025
• Long-term lease structure with national credit tenant with 7-year term with multiple 5-year renewal options
• Multi-tenant configuration with additional leasable area
• Value-add opportunity through lease-up or reconfiguration of remaining space
• Property is located within a federally designated Opportunity Zone, which may provide potential tax advantages for qualified investors
• Downtown Newport location near Main Street and the riverfront
• Surrounded by several new adaptive reuse projects to include new retail, residential and hotel.
• Character-rich architecture with strong community presence
• New HVAC System installed in 2025
• Long-term lease structure with national credit tenant with 7-year term with multiple 5-year renewal options
• Multi-tenant configuration with additional leasable area
• Value-add opportunity through lease-up or reconfiguration of remaining space
• Property is located within a federally designated Opportunity Zone, which may provide potential tax advantages for qualified investors
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
14,822 SF
Building Class
B
Year Built
1991
Price
$1,078,568 CAD
Price Per SF
$72.77 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
1.21 AC
Opportunity Zone
Yes
Parking
50 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Drive Thru
- Wheelchair Accessible
Property Taxes
| Parcel Number | 047O-E-019.00 | Improvements Assessment | $1,727,501 CAD |
| Land Assessment | $102,162 CAD | Total Assessment | $1,829,663 CAD |
Property Taxes
Parcel Number
047O-E-019.00
Land Assessment
$102,162 CAD
Improvements Assessment
$1,727,501 CAD
Total Assessment
$1,829,663 CAD
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