www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31771481
31771542

200 Main St W, Mount Carmel, TN 37645

DA
VA 02252700004
The Addington Agency
Listed by The Addington Agency
$389,900
46 days on market
Updated 45 days ago

200 West Main Street

Details
Property Type Multifamily, Mixed Use
Square Footage 3,146
Units 2
Tenancy Multi
Year Built 1945
Buildings 2
Acreage 1.000
Zoning MX-2
Parking Spaces 2 per unit
Ground Lease No

200 & 202 Main Street W, Mt. Carmel TN- MX-2 Zoned

Marketing description

Welcome to 200 & 202 W Main Street, a rare investment and development opportunity in the heart of Mount Carmel. Positioned in a highly visible location with valuable MX2 zoning, this unique property offers outstanding flexibility for investors, business owners, and developers looking to capitalize on a prime in-town setting. Situated on approximately one acre of deep, level land, the property is ready for your next vision. Whether you are looking to expand your rental portfolio, develop additional residences, explore mixed-use potential, or create a new commercial concept, the zoning opens the door to a wide range of possibilities. Opportunities with this level of versatility are difficult to find. The property currently features two income-producing dwellings, both tenant occupied and generating immediate cash flow. One residence rents for $1,295 per month and the second rents for $950 per month, providing built-in income while planning future development. Excellent location, strong upside potential, existing rental income, nearly one acre of usable land, and flexible MX2 zoning make this an exceptional offering in growing Mount Carmel. Showings require a minimum 48-hour notice and must be accompanied by the listing agent or property manager out of respect for tenant privacy. All information deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify all information, zoning, and intended use.

Investment highlights

Investor Highlights | 200 & 202 W Main Street | Mount Carmel, TN

• Prime In-Town Location – Highly visible site positioned in the heart of Mount Carmel with strong accessibility and frontage exposure.

• MX2 Zoning – Flexible zoning allowing for a wide range of residential, mixed-use, commercial, or redevelopment opportunities.

• Approx. 1 Acre Site – Deep, level, usable land ideal for expansion or future development.

• Immediate Cash Flow – Two tenant-occupied dwellings currently producing $2,245/month combined gross rental income.

• Income Breakdown

• • Unit 1: $1,295/month

• • Unit 2: $950/month

• Covered Land Play – Existing rental income offsets holding costs while entitlements or future plans are pursued.

• Development Potential – Opportunity for additional residences, townhomes, multifamily, mixed-use, retail/service concept, or commercial repositioning (subject to approvals).

• Growing Market – Strong opportunity in an expanding Northeast Tennessee corridor with continued demand for housing and commercial services.

• Rare Combination – Income + land + zoning flexibility + visibility in one offering.

• Multiple Exit Strategies – Hold for cash flow, redevelop, owner-occupy, expand rental portfolio, or reposition for resale.

Listing Contacts

DA
VA 02252700004
The Addington Agency
Listed by The Addington Agency

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591