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129-131 Elizabeth St 5,148 SF Specialty Building Offered at $1,791,490 CAD at a 9.90% Cap Rate in Athens, TN 37303
INVESTMENT HIGHLIGHTS
- Picturesque views and southern beauty
- Known throughout the region
- Highly sought after as an event venue
EXECUTIVE SUMMARY
Exceptional Event Venue & Hospitality Opportunity — Historic Prospect Hill, Athens, TN
Discover a rare investment opportunity in the heart of East Tennessee with Prospect Hill, an iconic 1830s estate originally built for Thomas Nixon Van Dyke, a prominent lawyer, judge, and early civic leader who helped shape Athens.
Set on 7.8 private acres just minutes from downtown, this 3,900 sq ft main residence offers timeless Southern charm and elegant spaces ideal for hosting weddings, corporate retreats, private events, and more. Already well known and highly sought-after as a venue, Prospect Hill comes with established local recognition and strong income potential.
A second home on the property (approx. 1,250 sq ft, built in the 1950s) is perfect for guest lodging, a caretaker, or additional rental revenue.
With its storied history, magnificent architecture, and beautiful grounds, this property provides an unforgettable backdrop for events and hospitality experiences. The convenient location offers easy access to hotels, dining, and main roads, making it attractive to guests and clients alike.
Highlights:
• 3,900 sq ft historic main residence (circa 1830s) by Thomas Nixon Van Dyke
• 1,250 sq ft secondary home (circa 1950s)
• 7.8 private acres with mature landscaping
• Proven demand as an event venue
• Flexible use for events, boutique hospitality, or private estate
• Minutes to downtown Athens
An unparalleled opportunity to own a landmark property with rich heritage and exceptional revenue potential. Schedule your private tour of Prospect Hill today.
Discover a rare investment opportunity in the heart of East Tennessee with Prospect Hill, an iconic 1830s estate originally built for Thomas Nixon Van Dyke, a prominent lawyer, judge, and early civic leader who helped shape Athens.
Set on 7.8 private acres just minutes from downtown, this 3,900 sq ft main residence offers timeless Southern charm and elegant spaces ideal for hosting weddings, corporate retreats, private events, and more. Already well known and highly sought-after as a venue, Prospect Hill comes with established local recognition and strong income potential.
A second home on the property (approx. 1,250 sq ft, built in the 1950s) is perfect for guest lodging, a caretaker, or additional rental revenue.
With its storied history, magnificent architecture, and beautiful grounds, this property provides an unforgettable backdrop for events and hospitality experiences. The convenient location offers easy access to hotels, dining, and main roads, making it attractive to guests and clients alike.
Highlights:
• 3,900 sq ft historic main residence (circa 1830s) by Thomas Nixon Van Dyke
• 1,250 sq ft secondary home (circa 1950s)
• 7.8 private acres with mature landscaping
• Proven demand as an event venue
• Flexible use for events, boutique hospitality, or private estate
• Minutes to downtown Athens
An unparalleled opportunity to own a landmark property with rich heritage and exceptional revenue potential. Schedule your private tour of Prospect Hill today.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,791,490 CAD | Building Class | B |
| Price Per SF | $348.00 CAD | Lot Size | 7.80 AC |
| Sale Type | Investment or Owner User | Building Size | 5,148 SF |
| Cap Rate | 9.90% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1833/2020 |
| Property Subtype | Lodge/Meeting Hall | Parking Ratio | 1.75/1,000 SF |
| Zoning | B3 - Zoned for commercial use | ||
| Price | $1,791,490 CAD |
| Price Per SF | $348.00 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.90% |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 7.80 AC |
| Building Size | 5,148 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1833/2020 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | B3 - Zoned for commercial use |
AMENITIES
- Air Conditioning
- Smoke Detector
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VonKeith Properties
129-131 Elizabeth St
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