355/359 County Rd 475, Etowah, TN 37331

Description

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.
Enjoy convenient access to some of East Tennessee's most popular attractions! Explore the wonders of The Lost Sea Adventure in Sweetwater, TN, just 17.3 miles away; spend a fun-filled day in Pigeon Forge, TN, approximately 78.1 miles away; or take in the breathtaking scenery and attractions of Lookout Mountain in Chattanooga, TN, just 67 miles from the property. Outdoor enthusiasts will also love Indian Boundary Lake near Tellico Plains, TN, just 29.7 miles away! 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)