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    16 1St St Monteagle, TN 37356

    For Sale
    $300,000

    Prime Location, Investment Opportunity

    Property size:
    2,234 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2,234 square foot mixed-use property, situated on a spacious 1.8-acre lot in Monteagle, Tennessee, presents a unique investment opportunity. Ideally located near the renowned Monteagle Assembly, this property enjoys a tranquil setting within a quiet neighborhood, yet benefits from its proximity to popular local establishments. The High Point Restaurant and Mountain Goat are just a short distance away, offering convenient access to dining and local amenities. Furthermore, its close proximity to the historic Highlander site and the University of the South in Sewanee provides significant potential for various commercial ventures or residential conversion. The property's versatility allows for a range of uses, making it an attractive option for entrepreneurs and investors alike. The substantial lot size offers ample space for expansion or future development. With its convenient location and considerable size, this property is poised for success in a thriving community. The asking price is $300,000. This presents a compelling opportunity to acquire a significant piece of Monteagle real estate with substantial upside potential. Serious inquiries are encouraged.

    Property Features for 16 1St St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,234 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Church of the Holy Comforter Episcopal Church Mid-Cumberland Mountain Ministry Episcopal Church

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monteagle
    County
    Grundy County, TN
    State
    Tennessee
    Longitude
    -85.82848
    Latitude
    35.24143

    Nearby Comparable

    • $214,900
      4.15 Acres

      Dixie Lee Ave, Monteagle, TN 37356

      Retail properties • 4.15 Acres
      Dixie Lee Ave, Monteagle, TN 37356
      View Details
    • $299,000
      1,118 SF

      Monteagle Restaurant - Turnkey Opportunity

      Established eatery, high traffic location, immediate income.
      403 Main St, Monteagle, TN 37356
      View Details

    Nearby Similar for Sale

    • $299,000
      1,118 SF

      Monteagle Restaurant - Turnkey Opportunity

      Established eatery, high traffic location, immediate income.
      403 Main St, Monteagle, TN 37356
      View Details
    • $214,900
      4.15 Acres

      Dixie Lee Ave, Monteagle, TN 37356

      Retail properties • 4.15 Acres
      Dixie Lee Ave, Monteagle, TN 37356
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Investment Opportunity
    Where is this mixed-use property located?
    The property is located at 16 1St St Monteagle, TN.
    What is the asking price?
    The asking price for this property is $300,000.
    (615) 327-4800
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    16 1St St Monteagle, TN 37356
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    Monteagle, TN 37356
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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
    16 1St St Monteagle, TN 37356
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