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800-818 N Main St, Sweetwater, 37874
Priced At: $1,200,000
Property Details for ID: 1330395
SqFt: 56,000
Price SqFt: $21
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-02-24T17:25:43Z
Public Remarks: The historic Old Hosiery Mill of Sweetwater presents a rare large-scale mixed-use development opportunity totaling approximately 56,000 +/- square feet across four buildings in a prime downtown location just off I-75. A standout feature is the expansive 7,500 SF (approx.) 4-bedroom, large 1-bath apartment with a full kitchen located in the upper level above the first market building.. This oversized residential unit provides an ideal opportunity for owner-occupancy while overseeing redevelopment, a live/work setup, or immediate rental income as part of a phased multifamily conversion plan. Master plans have already been completed for loft-style apartments within the mill structure, offering a clear path toward expanded residential development. The building's soaring ceilings, oversized windows, and open industrial spans make it exceptionally well-suited for adaptive reuse into loft residences, mixed-use space, or multifamily units. The property currently includes Market at the Mill operating under a 10-year lease, providing stabilized income while future residential units are developed -- making this an attractive option for investors seeking both cash flow and long-term upside. Investment Highlights: -Approx. 56,000 +/- SF across four buildings -7,500 SF 4BR apartment ideal for owner-occupancy or rental income -Master plans completed for additional loft development -Long-term commercial tenant in place -Historic architecture with high ceilings and industrial character -Walkable Main Street location in growing Sweetwater -Strong access from I-75 with ample parking -Potential 1031 exchange replacement property This property offers the rare combination of stabilized income, residential scale, and value-add multifamily expansion in one of East Tennessee's growing downtown corridors. Ideal for developers, adaptive reuse investors, and buyers seeking a potential 1031 exchange opportunity with both immediate cash flow and long-term development upside.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 56,000
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From I75 exit Oakland Road Continue and make a right on North Main Street
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
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