Commercial ()

214 Gay St, Erwin, TN 37650

Stories: 2.0

Price: $850,000 Price Per ft²: $178.95 List Date: 2025-02-17 DOM: 23
City Tax: $1,482 County Tax: $2,494

Year Built: 1916 pre-1978 Homes

Finished Area: 4,750 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 4,750 ft² (Finished & Unfinished)

Lot Size: 0.06 acre(s) Lot Dimensions: 26' x 99' x 27' x 99'

Heating: Central Cooling: Central Air Water & Sewage: Public

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