Etowah, TN 37331
10,848 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,848 sqft
Price per Sqft $110
MLS Listing ID 20263342
Style Ranch,Other
Full Baths 11
Construction Status Functional
HOA Y/N No
Abv Grd Liv Area 9,672
Year Built 1995
Annual Tax Amount $1,704
Property Sub-Type Mixed Use
Source River Counties Association of REALTORS®
Property Description
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
Direction From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN-30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah, turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly roughly half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Body of Water Tellico, Ocoee, Hiwassee
Rooms
Basement Finished
Interior
Interior Features Separate Living Quarters, Pantry, Eat-in Kitchen
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Window Features Vinyl Frames
Appliance Electric Range, Electric Water Heater, Refrigerator
Laundry Multiple Locations, Main Level, Laundry Room
Exterior
Exterior Feature None
Parking Features Parking Lot, Concrete, Driveway
Community Features Sidewalks
Utilities Available Phone Available, Cable Available, Electricity Available
View Y/N true
View Rural, Mountain(s)
Roof Type Metal
Porch Porch, Screened
Building
Lot Description Rural, Wooded
Dwelling Type Triplex,Multi Family,Mixed Use
Entry Level Tri-Level,Quad-Level
Foundation Slab
Sewer Septic Tank
Water Public
Architectural Style Ranch, Other
New Construction No
Construction Status Functional
Schools
Elementary Schools Mountain View
Middle Schools Mountain View
High Schools Mcminn Central
Others
Miscellaneous 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
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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