$700,000
$850,000
17.6%For more information regarding the value of a property, please contact us for a free consultation.
4,750 SqFt
SOLD DATE : 07/31/2025
Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,750 sqft
Price per Sqft $147
Subdivision Not In Subdivision
MLS Listing ID 9976250
Year Built 1916
Lot Size 2,613 Sqft
Property Description
Prime Investment Opportunity in Downtown Erwin! Work in your building, live in your building and rent the other unit to pay for part of your mortgage!
Located at 214 Gay St, Erwin, TN, this beautifully updated mixed-use property offers endless potential for investors and entrepreneurs alike. The 2,475 sq. ft. lower level has been completely renovated and is ideal for a restaurant, event space, meeting venue, or retail establishment. Featuring a full kitchen, two restrooms, and both front and rear entrances, this versatile space is ready for immediate use.
Upstairs, you'll find two of the most stunning Airbnb units in the region. These high-end, loft-style short-term rentals are designed to impress, with spacious open-concept layouts, sleek modern kitchens featuring top-tier appliances, and spa-like bathrooms rivaling any luxury resort. One unit boasts breathtaking mountain views, while the other offers a charming cityscape overlooking Gay Street.
No expense was spared in the renovation, ensuring maximum rental income potential for both short- and long-term stays. Whether you're looking for a turnkey investment property or a dynamic space for your business, this is an opportunity you don't want to miss!
Schedule your showing today and secure Erwin's premier property! R# 1496
Location
State TN
County Unicoi
Community Not In Subdivision
Area 0.06
Zoning Commercial
Interior
Heating Central
Cooling Central Air
Equipment Dryer, Range, Washer
Exterior
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Auction
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Bought with Shane O'Hare • REMAX Checkmate, Inc. Realtors
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States