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24899463
24899504

129 Elizabeth St, Athens, TN 37303 For Sale

Von Keith
Listed by Von Keith
$1,145,000
366 days on market
Updated 21 days ago

Prospect Hill

Details
APN 065 140.00
Property Type Hospitality, Special Purpose
Sub Type Sports/Entertainment
Square Footage 5,148
Units 2
Beds 5
Pro-Forma Cap Rate 11.2%
Pro-Forma NOI $128,205
Price per SqFt $222
Broker Co-Op Yes
Year Built 1833
Buildings 2
Stories 2
Acreage 7.800
Zoning B3
Investment Type Owner/User
Occupancy Date 07/17/2025

Welcome To Prospect Hill

Marketing description

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.

Investment highlights

  • Highly Sought After Event Venue

  • Great Income Potential

  • Classic Southern Beauty

Listing Contacts

Von Keith
Listed by Von Keith

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Additional Information

Name
Chris Lizarraga
License
370638
Brokerage
VonKeith Properties
Brokerage Phone
423-436-7450
Title
Broker Associate
Brokerage Address
110 Keith Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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