Property Description

Exceptional Investment & Hospitality Opportunity on 21.75+ Acres | Multiple Income Streams | Event Venue PotentialDiscover 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 Destination wedding venue Corporate retreat center Church or nonprofit retreat campus Wellness or educational retreat Agritourism operation Vineyard or winery development Multi-generational living Long-term rental investment Group lodging or organizational housingThe existing improvements create multiple potential revenue streams while still leaving room for future development and expansion, subject to applicable approvals. The combination of rental units, event facilities, outdoor gathering spaces, and acreage makes this a truly one-of-a-kind offering.Outdoor enthusiasts will appreciate the property's convenient access to many of East Tennessee's premier recreational destinations. Enjoy hiking on Starr Mountain, world-class trout fishing on the Tellico River, rafting and fishing on the Hiwassee River, and internationally recognized whitewater adventures on the Ocoee River. The area also offers scenic mountain drives, camping, kayaking, horseback riding, and year-round outdoor recreation that attracts visitors from across the country.Property Features: Approximately 21.75+ total acres Two parcels included Existing single-family residence Income-producing triplex Income-producing quadplex Lower-level event hall Community laundry room Pavilion Outdoor amphitheater Creek along rear property Mountain surroundings Multiple existing income streams Expansion potential Excellent opportunity for hospitality, events, lodging, or investmentProperties offering this combination of acreage, multiple residential buildings, event facil

Property Features

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