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200 202 West Main Street
Mount Carmel TN 37645
MLS #9994140 · Listing Courtesy of The Addington Agency Bristol
$389,900
Active
2,250
Sq Ft
1
Acres
1945
Built
Property Description
Welcome to 200 & 202 W Main Street, a rare investment and development opportunity in the heart of Mount Carmel. Positioned in a highly visible location with valuable MX2 zoning, this unique property offers outstanding flexibility for investors, business owners, and developers looking to capitalize on a prime in-town setting.
Situated on approximately one acre of deep, level land, the property is ready for your next vision. Whether you are looking to expand your rental portfolio, develop additional residences, explore mixed-use potential, or create a new commercial concept, the zoning opens the door to a wide range of possibilities. Opportunities with this level of versatility are difficult to find.
The property currently features two income-producing dwellings, both tenant occupied and generating immediate cash flow. One residence rents for $1,295 per month and the second rents for $950 per month, providing built-in income while planning future development.
Excellent location, strong upside potential, existing rental income, nearly one acre of usable land, and flexible MX2 zoning make this an exceptional offering in growing Mount Carmel.
Showings require a minimum 48-hour notice and must be accompanied by the listing agent or property manager out of respect for tenant privacy.
All information deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify all information, zoning, and intended use.
Property Facts
Property TypeCommercial Sale
MLS Number9994140
City Taxes$679.99
County Taxes$1,092.73
Features & Amenities
220 Volts
Above Average Condition
Asbestos Exterior
Basement
Cable Available
City Street
Cleared
Electricity Connected
Fee Simple
Finished Lot(s)
Fireplace Heating
Floor Plan
Leases
Metal Roof
Natural Gas Connected
Natural Gas Heating
Public Sewer
Public Water
Residential
Vinyl Siding Exterior
Water Connected
Window Unit(s)
Directions
From i81, take exit 57B. In 8.4 miles, take exit 1. 03. miles, turn left to W Stone Dr. S, in 4.5 miles, turn right. in 90 ft turn left. the property is on your right in 800ft. GPS friendly.
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Additional Information
Contract InfoForeclosureNoGeneral Property DescriptionAnnual Lease26,940HOANoLeaseNoLot Size100M X 407 IRRTotal Finished SqFt2,250Unfinished SqFt896ZoningMX-2Location Tax Legal InfoBlock1Deed Book #1,249Deed Page #45Lot #14Plat MapBRestrictionsSee RemarksYes
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