$700,000
Erwin, TN 37650
MLS# 9976250
Status: Closed
4750 sqft

1 / 52
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
Details
Maps
Location, Tax & Legal Info
Parcel ID: 023n W 006.00
Block: /Pt8
Deed Book #: 411
Deed Page #: 95
City Taxes: 1481.71
County Taxes: 2493.55
Contract Info
List Price/SqFt: 178.95
Foreclosure: No
Short Sale: No
Auction: Yes
Status: Closed
Listing Price: 850000
Current Price: $700,000
Listing Date: 2025-02-17
General Property Description
Acres: 0.06
Lease: No
Lot Size: 26' x 99' x 27' x 99'
Zoning: Commercial
HOA Y/N: No
Stories: 2
Total SqFt Finished: 4750
Total SqFt Unfinished: 0
Annual Lease $: 0
Year Built: 1916
Total SqFt: 4750
Remarks & Misc
Directions: Head northeast on S Main Ave toward Gay St
69 ft
Turn right at the 1st cross street onto Gay St
Property Condition
Above Average: 1
Business Type
Residential: 1
Restaurant: 1
Retail: 1
Showroom: 1
Exterior Finish
Brick: 1
Other Equipment
Dryer: 1
Range: 1
Washer: 1
Roof
Rubber: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
Other: 1
Heating
Central: 1
Info Available
See Remarks: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 214
Street Name: Gay
St Suffix: Street
County: Unicoi
State/Province: TN
Zip Code: 37650
Area: 312 - Erwin
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2025-03-24
Sold Date: 2025-07-31
Sold Price: $700,000
Property Features
Property Condition: Above Average
Business Type: Residential; Restaurant; Retail; Showroom
Exterior Finish: Brick
Other Equipment: Dryer; Range; Washer
Roof: Rubber
Electric Service: 220 Volts
Development Status: Other
Heating: Central
AC: Central Air
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: See Remarks
Restrictions: See Remarks
Financing: Cash; Conventional
Sale Includes: See Remarks
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: July - 31 - 2025
Information deemed reliable but not guaranteed.