779 Highway 63 Cumberland Gap, TN 37724
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,592 sqft
Price per Sqft $163
MLS Listing ID 1358786
Year Built 1972
Lot Dimensions 200X180 IRR
Source East Tennessee REALTORS® MLS
Property Description
Why just own a property when you could own one that works for YOU? Located along Highway 63 in Cumberland Gap, TN, this versatile mixed-use property offers an incredible opportunity to combine business, residential living, and income potential all in one location!
The main building features a spacious lower-level commercial space, previously used as a medical office, with TWO generously sized 3-bedroom apartments above. A separate oversized garage/workshop offers valuable space for storage, equipment, or business operations and includes an attached 1-bedroom apartment for additional rental income potential.
Imagine running your own business while rental income helps offset your mortgage! Live in one apartment and rent the others, lease the commercial space, or utilize the entire property as an income-producing investment. With three residential units, commercial space, and a large garage/workshop, the possibilities are plentiful!
Additional features include an expansive paved parking area with plenty of room for customers and tenants, convenient highway access, and solar panels.
Whether you're an investor looking to expand your portfolio, an entrepreneur ready to establish a business, or someone seeking a live-work opportunity where the property could help pay for itself, this one deserves a closer look!
TWO BUILDINGS. THREE APARTMENTS. COMMERCIAL SPACE. MULTIPLE WAYS TO MAKE IT WORK FOR YOU!
Schedule your private showing and explore the possibilities!
All intended uses subject to applicable zoning and approvals. Rental income is not guaranteed
Location
State TN
County Claiborne County - 44
Rooms
Other Rooms Other
Interior
Heating Heat Pump, Central, Other, Electric
Cooling Central Cooling, Ceiling Fan(s), Window Unit(s)
Flooring Laminate, Tile, Other
Heat Source Heat Pump, Central, Other, Electric
Exterior
Exterior Feature Windows - Vinyl
Parking Features On Premise Parking
Garage Spaces 1.0
Garage Description On Premise Parking
Roof Type Metal, Other
Total Parking Spaces 1
Garage Yes
Building
Faces From Tazewell, TN Take Highway 25E/US-25E N/TN-32 Turn left onto Highway 63/TN-63 Property on left in 1.4 mi
Structure Type Vinyl Siding,Frame,Other
Others
Tax ID 029 074.00
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
NEARBY SCHOOL & BUSINESS
