3229 Highway 11W Rutledge, TN 37861
This exceptional 217.79-acre property in Grainger County, Tennessee, presents a unique investment opportunity. Located at 3229 Highway 11W S in Rutledge, TN 37861, this commercial land boasts 6,230 square feet of existing retail space. The expansive acreage offers significant potential for development and expansion. Features include well-maintained metal barns, hayfields, and equipment sheds, suitable for various agricultural or hobbyist uses. The property also benefits from an electronic gate for security, a stocked spring-fed pond, and a 1996-built Spanish-style home with an indoor pool, sauna, and hot tub. The home includes a primary suite with an office and library, a guest bedroom and bath, and features electric, propane, and radiant floor heating. Water is supplied by both a well and public utility, and a backup generator ensures uninterrupted power. An underground shelter provides added security. The property's 67 acres of pastureland and 146 acres of wooded terrain are ideal for equestrian activities, livestock, hunting (abundant deer and wild turkey), or simply enjoying the natural beauty of East Tennessee. This property is conveniently located approximately 30 minutes east of Knoxville. The asking price is $2,350,000. This is a rare opportunity to acquire a substantial and versatile property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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