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    205 Union St Erwin, TN 37650

    For Sale
    $365,000

    Historic brick building with commercial and residential potential.

    Lot size:
    0.22 Acres

    Property Features for 205 Union St

    General Information

    Lot size
    0.22 Acres

    Source: The Elite Team Agency Agent Bryan Sangid, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building in Downtown Erwin

    Built in 1910, this historic brick building is located in downtown Erwin. The property offers a blend of commercial and residential potential and requires renovations. The ground floor is suited for retail or office spaces. The upper floors are equipped with two kitchens and multiple bathrooms with showers, presenting an opportunity for multifamily conversions or extended office suites. Positioned on Union Street, the property is steps away from local shops, cafes, and other amenities. The location ensures consistent foot traffic and community engagement. The property is primed for a variety of redevelopment projects, from boutique retail outlets and professional offices to residential apartments or co-working spaces. Its proximity to other downtown attractions enhances its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Erwin
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.416811
    Latitude
    36.144672

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    FAQs

    What type of property is this?
    Retail space - Historic brick building with commercial and residential potential.
    Where is this retail space located?
    The property is located at 205 Union St Erwin, TN.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - Prime downtown location on Union Street with high foot traffic.; - Solid brick structure built in 1910 with historic character.; - Versatile space suitable for retail, office, or residential use.
    (423) 747-8010
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    205 Union St Erwin, TN 37650
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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
    205 Union St Erwin, TN 37650
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