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220 E Madison Ave, Athens, TN 37303
Athens, TN 37303
Listed by Kenny Phillips · Powell Auction & Realty,LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

ONLINE ONLY REAL ESTATE AUCTION | 1 of 5 Premier Commercial Properties in Downtown Athens, TN - B-2 Central Business District - SELLING TO THE HIGHEST BIDDER | BIDDING BEGINS TO CLOSE: Tuesday, September 1st at 12:00PM - Noon (ET) | OPEN HOUSE: Friday, August 28th at 12:00PM - Noon (ET) | This strategically situated 0.11+/- acre lot located directly behind 221 E Washington Avenue serves as a valuable and complementary addition to the overall Downtown Athens commercial portfolio. Whether utilized as dedicated parking, future expansion space, or as part of a larger redevelopment vision, this lot adds a meaningful layer of flexibility and potential to the contiguous city block offering. Located directly behind 221 E Washington Avenue. Zoned B-2 -- Central Business District. Ideal for parking or future development. In a downtown commercial setting where land is at a premium, an additional lot of this nature provides invaluable options for parking, expansion, or future development. As part of the larger five-property portfolio in Downtown Athens, this lot rounds out an already exceptional commercial offering and adds tremendous long-term value and versatility for any buyer or developer with a vision for the future of this remarkable downtown corridor. This exceptional commercial portfolio presents a rare and significant opportunity to acquire five strategically located properties in the heart of Downtown Athens, Tennessee. Four of the five properties form a contiguous city block, offering a unified and highly versatile footprint in the Central Business District, while the fifth property sits prominently across Madison Avenue at the corner of Green Street and Madison Avenue. All five properties are zoned B-2 - Central Business District with all utilities available including water, sewer and gas, unlocking a wide range of commercial, retail, office, hospitality, and mixed-use possibilities. Downtown Athens is a thriving and growing community, and opportunities to acquire a contiguous city block - combined with an additional prominent corner property - in the Central Business District are extraordinarily rare. Whether you're a developer envisioning a transformative mixed-use project, an investor seeking a significant commercial foothold in McMinn County's seat, or an entrepreneur looking to establish or expand a business presence in the heart of a vibrant downtown corridor, this portfolio delivers the scale, zoning, and location to make virtually any vision a reality. Buyer to verify all information. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709

Property details

MLS #
1350525
Property type
Land
Subdivision
Athens
Status
Active
Days on market
18
On market date
August 3, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Ingleside Elementary
0.54 mi away · Grades -1-2
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
376
Student:teacher ratio
16.3:1
District
Athens
Middle
Athens City Middle School
1.03 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
493
Student:teacher ratio
17.0:1
District
Athens
High
McMinn High School
2.37 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,413
Student:teacher ratio
18.1:1
District
McMinn County

Walkability

Blended score for Athens's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

45
Somewhat walkable
out of 100
EPA National Walkability Index
9.0 / 20 -- Below average walkable

Market position

How this listing compares to current activity in Athens, from live MLS data.

On the market 18 days -- 98 fewer days than Athens's current average of 116 days.
For reference, the median list price across 124 active listings in Athens right now is $330,000.

Mortgage calculator

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Est. monthly payment
$2,258/mo
$70,000 down
$280,000 loan
Principal & interest$1,816
Property tax (est.)$292
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated August 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.