129-131 Elizabeth St - Specialty FOR SALE


Athens, TN 37303
$1,295,000 USD
423-436-7450
129-131 Elizabeth St, Athens, TN for Sale
$1,295,000 USD
Specialty - FOR SALE
1/92
null | 9.9% Cap Rate

129-131 Elizabeth St
Athens, TN 37303


HIGHLIGHTS

  • Picturesque views and southern beauty
  • Highly sought after as an event venue
  • Known throughout the region

OVERVIEW

Exceptional Event Venue & Hospitality Opportunity — Historic Prospect Hill, Athens, TN Discover a rare investment opportunity in the heart of East Tennessee with Prospect Hill, an iconic 1830s estate originally built for Thomas Nixon Van Dyke, a prominent lawyer, judge, and early civic leader who helped shape Athens. Set on 7.8 private acres just minutes from downtown, this 3,900 sq ft main residence offers timeless Southern charm and elegant spaces ideal for hosting weddings, corporate retreats, private events, and more. Already well known and highly sought-after as a venue, Prospect Hill comes with established local recognition and strong income potential. A second home on the property (approx. 1,250 sq ft, built in the 1950s) is perfect for guest lodging, a caretaker, or additional rental revenue. With its storied history, magnificent architecture, and beautiful grounds, this property provides an unforgettable backdrop for events and hospitality experiences. The convenient location offers easy access to hotels, dining, and main roads, making it attractive to guests and clients alike. Highlights: • 3,900 sq ft historic main residence (circa 1830s) by Thomas Nixon Van Dyke • 1,250 sq ft secondary home (circa 1950s) • 7.8 private acres with mature landscaping • Proven demand as an event venue • Flexible use for events, boutique hospitality, or private estate • Minutes to downtown Athens An unparalleled opportunity to own a landmark property with rich heritage and exceptional revenue potential. Schedule your private tour of Prospect Hill today.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

9.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1833

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

7.8 AC

LAND SF

339,768 SF

ZONING

B3

APN/PARCEL ID

065-140.00

ASK ABOUT THIS PROPERTY

Chris LizarragaVonKeith PropertiesMore Info
423-436-7450

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Chris LizarragaVonKeith PropertiesMore Info
423-436-7450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.