$650,000

About this home

Rare opportunity to own a versatile 1.25-acre property just minutes from downtown Gatlinburg and adjacent to the renowned Gatlinburg Arts & Crafts Community. Zoned for both residential and commercial use, this unique property offers approximately 4,880 square feet of covered space across three separate buildings, creating endless possibilities for owner-occupants, investors, artists, or business owners. The property is being sold As-Is and is priced below its 2025 appraised value of $725,000. The main residence offers 1,204 square feet with two bedrooms and two bathrooms. Inside, you'll find custom woodwork, handcrafted rustic details, and warm character throughout. The 2,526-square-foot store building offers exceptional flexibility. The upper level consists of approximately 1,263 square feet and can function as retail space, office space, a studio, or a one-bedroom, one-bath apartment. The lower level features a 1,263-square-foot garage and workshop making it well suited for woodworking, artistic pursuits, storage, or commercial operations. A third building provides an additional 1,150 square feet, including a 575-square-foot one-bedroom, one-bath apartment above a 575-square-foot garage, offering additional living quarters, rental potential, guest accommodations, or workspace. All living areas are equipped with central heating and air conditioning and include kitchens with oak cabinetry, refrigerator, oven, and dishwasher. The property's distinctive custom woodwork extends throughout each living space, creating a cohesive design. Each building is separately metered for electricity, providing added convenience and flexibility for multiple occupants or business operations. While the property would benefit from updates and repairs, its combination of location, zoning, multiple structures, and flexible layout presents a rare opportunity in one of the area's most desirable corridors. Whether you're seeking a live/work property, multi-unit rental potential, commercial space, or a unique investment, this property offers exceptional possibilities. Buyer to verify all information.

Property details

MLS #

1350817

Property type

Residential Income

Subdivision

N/A

Status

Active

Days on market

16

On market date

August 6, 2026

Stories

N/A

Garage spaces

1

Lot size

N/A

Nearby schools

Within 10 miles · public school directory data (NCES)