359 County Road 475 Etowah, TN 37331
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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 1346193
Year Built 1995
Lot Size 21.750 Acres
Acres 21.75
Lot Dimensions 14.96 ac & 6.79 ac
Source East Tennessee REALTORS® MLS
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
• 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 housing
The 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 investment
Properties offering this combination of acreage, multiple residential buildings, event facilities, natural beauty, and income potential are rarely available. Whether you're an investor looking to expand your portfolio, an entrepreneur seeking a destination business opportunity, or an organization searching for a unique campus setting, this remarkable East Tennessee property offers exceptional possibilities with room to grow. Single Family Home built in 1917
Quadplex built in 1995
Triplex built in 1992
357 County Rd 475 is the Quadplex
361 County Rd 475 is the Triplex
359 County Rd 475 is the Single Family Residence
Sale includes buildings on 357, 361 & 359
Location
State TN
County Mcminn County - 40
Area 947430.0
Rooms
Family Room Yes
Other Rooms DenStudy, Addl Living Quarter, Bedroom Main Level, Rec Room, Family Room, Mstr Bedroom Main Level
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Tile
Appliance None
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Vinyl
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Garage No
Building
Faces 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 half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Additional Building Shed
Structure Type Vinyl Siding,Frame
Schools
Elementary Schools Mountain View
Middle Schools Mountain View
High Schools Central
Others
Tax ID 118 034.02 & part of 118 034.00
Energy Description Electric
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
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EXIT Tennessee Realty Pros
License ID: 261589 Tennessee
License ID: 261589 Tennessee