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Listed by Barbara Ratledge • East Tennessee Properties LLC
$ 1,200,000
Est. payment /mo
New
359 Co Rd 475 Etowah, TN 37331
10,848 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,848 sqft
Price per Sqft $110
MLS Listing ID 3251237
HOA Y/N No
Year Built 1995
Annual Tax Amount $1,705
Property Description
Exceptional Investment & Hospitality Opportunity on 21.75± Acres | Multiple Income Streams | Event Venue Potential
Discover an extraordinary investment opportunity in the heart of East Tennessee, where natural beauty meets exceptional income-producing potential. Spanning approximately 21.75 acres across two parcels (Parcel #118 034.02 - 14.96 acres and Parcel #118 034.00 - 6.79 acres), this unique property offers a rare combination of established rental income, event capabilities, expansion opportunities, and breathtaking mountain surroundings.
Whether your vision includes a thriving short-term rental business, boutique hospitality destination, wedding venue, retreat center, agritourism venture, nonprofit campus, multi-family investment, or a combination of income-producing uses, this property provides the versatility to bring those ideas to life.
The property currently features multiple structures designed to support a variety of residential and commercial-style uses, including:
• Single-family residence (359 County Rd 475) built in 1917
• Triplex (361 County Rd 475) built in 1992
• Quadplex (353 County Rd 475) built in 1995 featuring four residential rental units, a community laundry room, and a spacious lower-level event hall suitable for gatherings, meetings, receptions, or private events
• Outdoor pavilion for entertaining and group activities
• Amphitheater providing additional space for weddings, performances, community events, or outdoor gatherings. (with a little tlc)
The property's peaceful setting creates a retreat-like atmosphere while offering significant flexibility for both personal and business use. Mature trees, open spaces, mountain views, and a creek along the rear of the property provide a picturesque backdrop for guests, residents, and visitors alike.
Investment possibilities include:
• Short-term vacation rentals or Airbnb accommodations
• Boutique lodge or hospitality business
Discover an extraordinary investment opportunity in the heart of East Tennessee, where natural beauty meets exceptional income-producing potential. Spanning approximately 21.75 acres across two parcels (Parcel #118 034.02 - 14.96 acres and Parcel #118 034.00 - 6.79 acres), this unique property offers a rare combination of established rental income, event capabilities, expansion opportunities, and breathtaking mountain surroundings.
Whether your vision includes a thriving short-term rental business, boutique hospitality destination, wedding venue, retreat center, agritourism venture, nonprofit campus, multi-family investment, or a combination of income-producing uses, this property provides the versatility to bring those ideas to life.
The property currently features multiple structures designed to support a variety of residential and commercial-style uses, including:
• Single-family residence (359 County Rd 475) built in 1917
• Triplex (361 County Rd 475) built in 1992
• Quadplex (353 County Rd 475) built in 1995 featuring four residential rental units, a community laundry room, and a spacious lower-level event hall suitable for gatherings, meetings, receptions, or private events
• Outdoor pavilion for entertaining and group activities
• Amphitheater providing additional space for weddings, performances, community events, or outdoor gatherings. (with a little tlc)
The property's peaceful setting creates a retreat-like atmosphere while offering significant flexibility for both personal and business use. Mature trees, open spaces, mountain views, and a creek along the rear of the property provide a picturesque backdrop for guests, residents, and visitors alike.
Investment possibilities include:
• Short-term vacation rentals or Airbnb accommodations
• Boutique lodge or hospitality business
Location
State TN
County Mcminn County
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
View Valley
Roof Type Metal
Private Pool false
Building
Story 3
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Mountain View Elementary
Middle Schools Mountain View Elementary
High Schools Central High School
Others
Senior Community false
Special Listing Condition Standard
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