Active

214 Gay Street

Erwin TN, 37650

$850,000


$178.95 per sqft

Active

4,750 sqft

Commercial

Built in 1916

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

9976250

MLS ID

February 19, 2025

Listed

February 21, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.06 Acres


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

312 - Erwin


Days on Market

5


Garage

No


View

No


County

Unicoi


Water Source

Public


Pool

No


Zoning

Commercial

The IDX display presents information sourced from the Tennessee / Virginia Regional Multiple Listing Service as of 2/21/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified.

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