Historic Home on 411 w/ 2+ Acres - COMMERCIAL/ RESIDENTIAL

Hospitality for Sale
Catylist Listing ID: 30855757
Property Subtypes: Bed & Breakfast, Extended Stay, Inn, Vacation Rental(s), Other
Number of Units: 1 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 2.56 Acres
Sale Price: $629,900
Unit Price: $629,900 Per Unit
Ceiling: 9.5 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2023

Overview / Comments

This 1920's farmhouse is a TRUE GEM with both residential and commercial zoning potential (C-1 but currently used as residential), over 2.5 ACRES of flat and usable land, and meticulously maintained. 312 FEET OF PRIME HIGHWAY ROAD FRONTAGE! 20 minutes to McGhee Tyson Airport, 5-10 minutes from shopping and dining, and this area is growing and developing rapidly both commercially and residentially. This would be a perfect Bed & Breakfast, rental or Airbnb property, or commercial investment with city water at the road (Hwy 411)! This charming home currently features refinished hardwood flooring on the main level and pine flooring upstairs, extensive dental crown molding throughout, 9+ ft ceilings, brand new windows throughout, custom kitchen cabinetry with new granite tops, and so much more! You'll love the traditional parlor room with fireplace at the front of the home, the massive wrap around porch with plenty of shade, large formal dining room, main level den with another fireplace (could be a main level bedroom), breakfast/sitting room off of large kitchen, ample laundry/utility room plus a full bath and 1/2 bath on the main level. Upstairs features large master suite with double closets, and over-sized bedrooms, closets, and bonus room area. Remodeled full bath upstairs features tile surround, LVP flooring, and fresh paint! Outside, you will find a HUGE attached carport plus a detached workshop with central heating and air with cabinetry, additional 1/2 bath, and a large bonus/loft area above! The main road/highway convenience yet privacy created by mature trees is really a rare combination. There is a well on the property as well as two HVAC units (one is almost new!), and two propane tanks (one owned and one leased). Note that the fireplace is currently capped.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 05308405800
Zoning: C-1
Retail Clientele: General, Family, Traveler, Tourist, Other
Property Located Between: Highway 411 and Schultz Road
Property Visibility: Excellent
Largest Nearby Street: U.S 411-S
Feet of Frontage: 312
Airports: McGhee Tyson
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1920
Year Renovated: 2013
Roof Type: Other
Construction/Siding: Vinyl Siding, Wood Siding
Water Recreation: Other
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: 4 car attached carport; 2 more easily unobstructed spaces in the driveway; huge amount of potential for parking expansion
Heat Type: Electricity, Propane
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Zoned C-1 and currently used as a residential property
Lot Frontage: 312 Feet
Lot Depth: 371 Feet
Water Service: Municipal, Well
Sewer Type: Septic
Legal Description: Parcel ID/Tax ID: 084 058.00; Deed Book: 135, Page Number: 659

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,996 12,234
Median Age: 41.66 44.86
Households: 1,939 4,964
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