359 Co Rd 475, Etowah, TN 37331
McMinn County
Key Facts
Description
Exceptional Investment & Hospitality Opportunity on 21.75± Acres | Multiple Income Streams | Event Venue Potential 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
Property Information
Property Type
Residential Income
Sub-Type
Mixed Use
Structure Type
Triplex / Multi Family / Mixed Use
Year Built
1995
Living Area
10,848 sq ft
Days on Market
7
MLS® Listing#
20263342
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Patio
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Mountain View
- Middle:
- Mountain View
- High:
- McMinn Central
Financial Details
HOA
None
Annual Taxes
$1,705
Parcel Number
118 034.02
Directions
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 roughly half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $960,000 · Est. interest $1,339,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Etowah, TN
- $353,448
- Median Listing Price
- 60
- Median Days on Market
- 1,759
- Median Sq Ft
- $185
- Median Price / Sq Ft
- 97
- Active Listings
- This home’s price is 240% above the area median.
- Its price per sq ft is 40% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Etowah, TN.
Location
Points of Interest in Etowah, TN
Showing the Etowah area map.
Nearby Schools
Etowah City School
School · 1.9 mi away
Central High School
Secondary · 3.5 mi away
Delano Head Start
School · 5.4 mi away
Englewood Elementary
Elementary · 6.8 mi away
Rural Vale Elementary
Elementary · 7.0 mi away
City Park Elementary
Elementary · 9.4 mi away
Athens City Schools
School · 9.5 mi away
Fairview Christian Academy
School · 9.6 mi away
McMinn County School District
School · 9.6 mi away
Athens City Middle School
Secondary · 9.6 mi away
Ingleside Elementary School
Elementary · 9.9 mi away
Athens Head Start
School · 10.1 mi away
McMinn County High School
Secondary · 10.9 mi away
North City School
School · 11.0 mi away
Tellico Plains High School
Secondary · 11.2 mi away
Polk County High School
Secondary · 11.2 mi away
Riceville Elementary
Elementary · 11.4 mi away
Tellico Plains Elementary School
Elementary · 11.5 mi away
Tellico Plains Junior High School
Secondary · 11.6 mi away
Coker Creek Elementary School
Elementary · 12.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 300 N Tennessee Avenue, Etowah, TN | $900,000 | — | — | 9,600 |
| 341 County Road 782, Etowah, TN | $975,000 | 4 | 4 | 3,760 |
| 444 County Road 782, Etowah, TN | $1,200,000 | 3 | 1 | 1,232 |
| 583 County Road 804, Etowah, TN | $1,200,000 | 3 | 3 | 3,016 |
| 359 County Road 475, Etowah, TN | $1,200,000 | 20 | 11 | 10,848 |
| 444 County Road 782, Etowah, TN | $1,200,000 | 3 | 1 | 1,232 |
Moving Cost Estimate
EXIT Agents in Etowah
Listing Courtesy: East Tennessee Properties - Athens - 4234535722