2 Multi Purpose Venues And Residence on 15 Acres

Hospitality for Sale
Catylist Listing ID: 30765001
Property Subtypes: Bed & Breakfast, Resort, Other
Number of Units: 3 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 15 Acres
Sale Price: $1,985,000
Unit Price: $661,666.67 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2022

Overview / Comments

NOW IS THE TIME! Create your family haven and business! A prime investment opportunity to own a beautiful home and 2 venues on 15 acres in the country with proximity to Maryville. Perched on a knoll with commanding mountain and pastoral views, this recently renovated and remodeled home, which could be a B & B or a lease property, offers over 3,300 square feet of living space with 4 bedrooms, 3 full baths, and potential for separate living quarters on the lower level. A brand new concrete circular drive provides a welcoming entrance to the traditional cedar home with modern flair and so much character. Updated kitchen with top-of-the-line appliances, gorgeous stone fireplace, built-in bookcases, hardwood floors, a newly added great room with floor-to-ceiling windows to absorb the views, a workshop area, drive-under 1-car garage, and plenty of storage space. With a scenic backdrop, the venue offers limitless possibilities. Formerly the well-established Ridge Valley Farm event center, with two event buildings, a gazebo, a historic silo, and plenty of space for weddings, receptions, retreats, business meetings, private parties, etc. The main venue building provides over 9,300 sq ft with soaring ceilings, walls of windows, a beautiful stone fireplace, commercial restrooms, RV parking, and an abundance of storage space. In addition, there is a recently remodeled 3 bedroom upstairs apartment with new appliances and an HVAC unit. All recently professionally landscaped with a man-made rock waterfall fountain and ready for outdoor events as well. An additional venue building provides another spacious entertaining room full of windows and surrounded by a new deck and railing, space for kitchen and office area, and plenty of parking for both buildings. An ideal location where you can enjoy city amenities just minutes from downtown Maryville, Knoxville airport, hospital facilities, great schools, shopping, restaurants, etc. For the outdoor enthusiasts, Gatlinburg is a short drive away offering the Great Smoky Mountains National Park to enjoy hiking, biking, trails, horseback riding, boating, etc. A great investment opportunity!

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 124 055.00
Retail Clientele: General, Business, Tourist
Total Number of Buildings: 2
Property Condition: Excellent
Construction/Siding: Aluminum Siding
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,445 12,442
Median Age: 43.11 42.52
Households: 2,543 4,883

Contact

Photograph of Listing Agent

Sandy Poe

Alliance Sotheby's
KAAR CIE Member
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