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.
Listed By
Agency Name: The Addington Agency Bristol
Agency Phone: 423-845-5800
Shown By
Agent Name: Charlsey Chambers
Agent Phone: (865) 850-7972
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 981.47 per month $867.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.72 Homeowner's InsuranceCONTACT ME
Charlsey Chambers
200 & 202 West Main Street | MLS# 9994141
This single family home located at 200 & 202 West Main Street, Mount Carmel, TN 37645 is currently listed for sale with an asking price of $389,900. This property was built in 1945 and has 6 bedrooms and 2 full baths with 2250 sq. ft. & 202 West Main Street is located in the Walters Add subdivision. Search Walters Add real estate on cchambers.easttnliving.net today.