779 Highway 63, Cumberland Gap, TN 37724

$749,000
  • 779 Highway 63, Cumberland Gap, TN 37724 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET4,592 MLS#1358786
STATUSActive PROPERTY TYPEMulti Unit - Multiple NEIGHBORHOODClaiborne County - 44

Property Description

MULTIPLE INCOME STREAMS, TWO BUILDINGS, ONE SMART INVESTMENT!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

779 Highway 63 | MLS# 1358786

This multi-family property located at 779 Highway 63, Cumberland Gap, TN 37724 is currently listed for sale with an asking price of $749,000. Search Claiborne County - 44 real estate on cnorton.easttnliving.net today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling, Ceiling Fan(s), Window Unit(s)
Fuel Type: Electric
Garage: 1
Heating: Heat Pump, Central, Other, Electric
Lot Size: 200X180 IRR
Year Built: 1972

Amenities

Windows - Vinyl

Feature Descriptions

Days on Site: 1
Exterior: Vinyl Siding, Frame, Other
Flooring: Laminate, Tile, Other
Lot Dimensions: 200X180 IRR
Parcel #: 029 074.00
Parking: On Premise Parking
SQFT Total: 4592
Units: 4

Listed By / Shown By

Listed By

Agency Name: Appalachian Roots Realty

Shown By

Agent Name: Corbin Norton
Agent Phone: (423) 748-0503
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: East Tennessee REALTORS

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Estimated Payment

$ 1,885.41 per month $1,666.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $218.46 Homeowner's Insurance

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