Commercial Building – Over 60,000 SF – 852 W Highway 25-70 – Newport, TN 37821
ONLINE ONLY BANKRUPTCY REAL ESTATE AUCTION
60,000 SF Commercial Building on 2.5+/- Acres in Newport
BIDDING BEGINS TO CLOSE:
Thursday, March 26th
at 12:00PM – Noon (ET)
OPEN HOUSE:
Tuesday, March 24th
from 2:00-4:00PM (ET)
SOLD BY THE ORDER OF THE UNITED STATES BANKRUPTCY COURT FOR THE
EASTERN DISTRICT OF TENNESSEE AT KNOXVILLE – CASE NO. 3:25-30618-SHB
This one-of-a-kind commercial property offers an extraordinary combination of history, scale, and versatility on 2.5+/- acres in Newport, Tennessee. Originally constructed in 1920 as a tobacco warehouse serving the surrounding region, the building has been thoughtfully improved and expanded over the decades — most recently serving as a cabinet retailer and granite counter fabrication facility. With approximately 3,525 SF of office space and the remainder comprised of expansive warehouse space, the property is ideally suited for a wide range of commercial, industrial, or mixed-use operations. Located less than 5 minutes from I-40, approximately 15 minutes to Dandridge, and 30 minutes to both Sevierville and Morristown, the location provides outstanding regional accessibility.
Front Showroom & Office Area:
The front showroom spans approximately 2,325 SF and is currently semi-divided into several functional zones, including a private office with closet and full bathroom featuring a walk-in shower that connects directly to a dedicated shop area within the warehouse — complete with its own rollup door — creating an entirely standalone workspace. Additional features of this area include:
- Men’s and women’s restrooms
- Mechanical room
- Small office
- Print/file room
A second large showroom area offers heated and cooled space and includes:
- Large break room with full kitchen, bathroom, and utility closet
- Two additional offices — one with stair access to an attic presenting the opportunity to be finished for additional square footage
- Doors leading directly into the main warehouse
Warehouse & Operational Spaces:
The warehouse portion of the building is anchored by a massive open floor area offering tremendous flexibility for storage, manufacturing, distribution, or any number of commercial uses. Additional warehouse features include:
- Rollup door from the parking area into a large concrete receiving zone
- Covered storage shed with rollup door connecting to the main warehouse
- Multiple divided areas throughout the warehouse, each with rollup doors for standalone operational use — ideal for multi-tenant or departmental separation
- Four exterior rollup doors on the building
- Second-floor storage available in select areas
Granite Fabrication Wing:
The current fabrication area is fully self-contained and exceptionally well-equipped, featuring a separate exterior entrance for completely independent access. This wing includes:
- Large private office with bathroom and storage closet
- Doors connecting to both the fabrication floor and the main warehouse
- Additional small office
- Men’s bathroom with lockers, shower, toilet stall, and urinal
- Two rollup doors opening into the main warehouse
- Dedicated mechanical room
- Large break room and kitchen
Setting & Opportunity:
Properties of this scale, character, and accessibility rarely come to market. Whether you’re an owner-operator seeking a versatile headquarters, an investor looking for a multi-tenant commercial asset, or a developer with a vision for adaptive reuse, this Newport property delivers the space, infrastructure, and location to make it a reality.
PLEASE NOTE: Neither the seller or Powell Auction & Realty guarantee that the property will be cleaned out at the time of closing. Buyer is purchasing the property with any remaining personal property conveying to the Buyer at the time of closing.
Cocke County Parcel / Tax ID:
046 084.00
Yearly Property Taxes:
$6,928.57 – total yearly taxes | Cocke County only
Lot Size:
2.5 +/- acres
Year Built:
1920
Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement. SALE IS SUBJECT TO COURT APPROVAL.
M & M Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing date TBD.
The contract will not be contingent upon financing, inspections or any other contingencies.
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
New Bidders, please Pre-Register, we will have to approve you to Bid!
