355/359 County Road 475 Etowah, TN 37331
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,796 sqft
Price per Sqft $117
MLS Listing ID 1539429
Style Ranch,Other
Bedrooms 25
Year Built 1995
Lot Size 24.250 Acres
Acres 24.25
Property Sub-Type Mixed Use
Source Greater Chattanooga REALTORS®
Property Description
Streams | Event Venue Potential
Rare opportunity to own a one-of-a-kind income-producing property situated on approximately
24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining
established rental income, event space, and room for future expansion, this versatile property
offers endless possibilities for investors and entrepreneurs alike.
The property includes two single-family homes, an income-producing triplex (built in 1992),
and an income-producing quadplex (built in 1995). The quadplex also features a community
laundry room and a spacious lower-level event hall suitable for private gatherings, meetings,
receptions, or special events. Additional improvements include an outdoor pavilion,
amphitheater, and a peaceful creek bordering the rear of the property.
The scenic setting offers mature trees, open green space, mountain views, and a retreat-like
atmosphere that enhances its appeal for both residents and guests. Existing improvements
provide multiple income streams while offering opportunities for future development, subject to
local zoning and applicable approvals.
Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center,
corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery,
long-term rental investment, multi-generational living, or organizational housing.
Conveniently located near some of East Tennessee's most sought-after outdoor destinations,
including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee
National Forest, the property is surrounded by year-round recreation including hiking, trout
fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an
attractive destination for visitors and tenants alike.
Properties offering this combination of acreage, multiple residential buildings, established Exceptional Multi-Family Investment Opportunity | 24.25± Acres | Multiple Income
Streams | Event Venue Potential
Rare opportunity to own a one-of-a-kind income-producing property situated on approximately
24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining
established rental income, event space, and room for future expansion, this versatile property
offers endless possibilities for investors and entrepreneurs alike.
The property includes two single-family homes, an income-producing triplex (built in 1992),
and an income-producing quadplex (built in 1995). The quadplex also features a community
laundry room and a spacious lower-level event hall suitable for private gatherings, meetings,
receptions, or special events. Additional improvements include an outdoor pavilion,
amphitheater, and a peaceful creek bordering the rear of the property.
The scenic setting offers mature trees, open green space, mountain views, and a retreat-like
atmosphere that enhances its appeal for both residents and guests. Existing improvements
provide multiple income streams while offering opportunities for future development, subject to
local zoning and applicable approvals.
Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center,
corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery,
long-term rental investment, multi-generational living, or organizational housing.
Conveniently located near some of East Tennessee's most sought-after outdoor destinations,
including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee
National Forest, the property is surrounded by year-round recreation including hiking, trout
fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an
attractive destination for visitors and tenants alike.
Properties offering this combination of acreage, multiple residential buildings, established rental
income, event facilities, and natural beauty are rarely available. Whether you're expanding your
investment portfolio, creating a hospitality destination, or seeking a unique property with multiple
revenue opportunities, this exceptional offering is ready for its next chapter.
Property Features
Ï Approximately 24.25± acres (two parcels)
Ï Two single-family homes
Ï Income-producing triplex
Ï Income-producing quadplex
Ï Community laundry room
Ï Lower-level event hall
Ï Outdoor pavilion
Ï Amphitheater
Ï Creek along rear of property
Ï Mountain setting
Ï Multiple income streams
Ï Expansion potential (subject to applicable approvals)
Location
State TN
County Mcminn
Area 24.25
Rooms
Basement Finished
Interior
Interior Features See Remarks
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Laminate
Fireplace Yes
Window Features Aluminum Frames,Vinyl Frames
Appliance None
Heat Source Central
Laundry Laundry Room, Main Level, Multiple Locations
Exterior
Exterior Feature Balcony, Private Yard, Storage, Other
Parking Features Concrete, Driveway, Parking Lot
Carport Spaces 2
Garage Description Concrete, Driveway, Parking Lot
Community Features Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
View Mountain(s)
Roof Type Metal
Porch Enclosed, Front Porch, Patio, Porch - Covered, Porch - Screened, Rear Porch, Screened, Terrace
Garage No
Building
Lot Description Cleared, Gentle Sloping, Private, Rural, Views
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.
Story One, Two
Foundation Block, Slab
Sewer Septic Tank
Water Public
Architectural Style Ranch, Other
Additional Building Barn(s), Outbuilding, Second Residence, Shed(s), Storage, See Remarks
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Mountain View Etowah
Middle Schools Mountain View Etowah
High Schools Mcminn Central
Others
Senior Community No
Tax ID 118 03400 118 034.02
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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