Improved Mixed-Use Land for Sale in Smithville, Tennessee

401 and 403 Whaley St (Includes Parcel 064J E 006.01) Are being offered together for a total of 2.35 acres. A rare opportunity in the heart of Smithville, Tennessee, right along Highway 56. Whether you’re looking for a multi-generational living setup, a guest house, an income-producing rental, or a property with commercial potential, this unique offering provides exceptional flexibility. The main home is a charming 3 bedroom 2 bath brick ranch with just over 1,500 square feet of living space, featuring a spacious living room, an inviting kitchen, multiple bedrooms, and plenty of natural light. Many upgrades have been done to this home, new gutters, appliances, water heater, windows and doors. The second dwelling is an independent smaller home complete with its own kitchen, laundry, bathroom, and living area — perfect for extended family, guests, or as a rental unit. The property’s excellent visibility and easy access from Highway 56 add to its potential for business or mixed-use applications. With ample yard space for gardening, entertaining, or outdoor activities, and a convenient location close to schools, shops, and Center Hill Lake, this versatile property combines comfort, opportunity, and investment appeal — a true find in today’s market. Buyer/buyer's agent to verify all information.