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    1190 Ellington Pkwy Lewisburg, TN 37091

    For Sale
    $5,874,000

    124 Acres, Two Homes, Event Center

    Property size:
    8,900 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 124.51-acre property in Lewisburg, Tennessee presents a unique investment opportunity. Situated atop a hill in Marshall County, it boasts breathtaking views and comprises two distinct residences and a substantial event center. The main home offers an open-concept layout, encompassing four spacious bedrooms, three and a half luxurious bathrooms, and three elegant fireplaces. Its expansive design is perfect for both comfortable living and grand entertaining. Outdoor amenities include a large swimming pool and ample space for gatherings, all overlooking the stunning landscape. A second, charming log cabin provides additional living space, featuring two bedrooms, two bathrooms, and a welcoming fireplace, complemented by a peaceful front porch. The property's centerpiece is an 8,900 square foot event center, fully equipped for hosting a variety of functions. This impressive facility includes a full bar, multiple rooms, public restrooms, and a professional kitchen, ensuring seamless execution of weddings, corporate retreats, and other large-scale events. City water and sewer services are connected to the property, adding to its convenience and functionality. This turnkey operation offers a rare blend of residential comfort and lucrative commercial potential, making it an ideal investment for discerning buyers seeking a unique and profitable venture in a picturesque setting.

    Property Features for 1190 Ellington Pkwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,900 SF
    Lot Size
    5,423,656 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Flat Rock Farms Event Venue First National Bank Bank ATM Atm

    Suggested Use

    Realty agency Law Firm Spa & Massage Hotel & Motel Pharmacy Skin Care Clinic Storage Facility HVAC Service Convenience Store Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Marshall County, TN
    State
    Tennessee
    Longitude
    -86.81728
    Latitude
    35.47038

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    FAQs

    What type of property is this?
    Mixed-use property - 124 Acres, Two Homes, Event Center
    Where is this mixed-use property located?
    The property is located at 1190 Ellington Pkwy Lewisburg, TN.
    What is the asking price?
    The asking price for this property is $5,874,000.
    (615) 649-7000
    Request Owner's contact information
    1190 Ellington Pkwy Lewisburg, TN 37091
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    Lewisburg, TN 37091
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1190 Ellington Pkwy Lewisburg, TN 37091
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