Improved Mixed-Use Land for Sale in Mountain City, Tennessee

Positioned in a scenic, unrestricted-use area, this historic schoolhouse has been thoughtfully reimagined into a high-performing mixed-use commercial property with expansive mountain views. Blending timeless character with functional adaptability, this distinctive offering is ideal for investors, business owners, and developers seeking a versatile asset with multiple income streams and robust infrastructure. A major asset now included with the property is a detached 40x90 black metal warehouse/shop, offering substantial additional space and functionality. It's equipped with a commercial propane heater, new mini-split system, and 480-volt, 3-phase, 400-amp power, which combines with the main building's 240-volt, 3-phase, 200-amp service to provide a total of 600-amp, 3-phase power-a rare infrastructure advantage for commercial or industrial use. The lower level houses three active businesses: a professional CrossFit gym, a construction company office, and a modern barbershop. Each operates within its own dedicated space, supported by shared amenities and ample on-site parking. Extensive property updates include new paint, a new front door, a new garage door, and a freshly paved blacktop surface, enhancing both aesthetics and readiness for continued operation. Most plumbing and electrical systems have been modernized, multiple HVAC systems have been installed, and the well pump was replaced approximately three years ago to support long-term value and efficiency. The upper level is partially finished and fully framed-ready to accommodate a variety of uses, from loft-style residential to co-working suites, creative studios, or additional commercial offices. With no zoning restrictions, the configuration is entirely up to the owner's vision. Adding even more flexibility, the property features a level, buildable front parcel ideal for outdoor events, recreational use, or future development, significantly expanding its functionality and long-term potential. With its blend of income-producing tenants, modern upgrades, and now-included warehouse, this one-of-a-kind property presents a rare opportunity in a scenic and high-demand mountain setting.