Thank you for choosing Pat McCollum! As one of the Knoxville area's premier Real Estate Brokers, we are uniquely qualified to help you find that perfect property. On the lake, around town or out on a farm, Pat McCollum is here to help!
Public Remarks: INVESTOR SPECIAL! This unique property is nestled in the heart of Lancing—a quiet, close-knit unincorporated town in Morgan County. This building is historically known to many that live here as the Lancing Laundromat. It also included a one-bay car wash, beauty salon, mechanical room, and a community arts and crafts/meeting room. This structure holds a slice of the town's history and is ready to be restored and brought back to life. Situated on a 0.25-acre lot, this 1976-built property features four separate interior rooms, an outdoor porch, and a large detached garage. All with solid concrete floors, connecting interior and exterior block walls, and a durable metal roof—making this a super strong, solid structure from top to bottom. Currently zoned residential but can easily be rezoned for commercial use—this is a perfect candidate for a residential home, business, community hub, Airbnb, church, apartments, mini motel, or office space. Located in a peaceful, low-traffic neighborhood, it provides the ideal blend of tranquility and accessibility for residents or visitors alike. Lancing offers a serene, rural setting surrounded by the natural beauty of the Cumberland Plateau, with rolling hills and breathtaking mountain views. Nature lovers will appreciate quick access to Catoosa Wildlife Management Area, Obed Wild & Scenic River, and Frozen Head State Park—all nearby for endless hiking, fishing, and outdoor adventures. Just behind the property, a stretch of railroad tracks adds to the nostalgic charm. You might catch a passing train—a gentle reminder of simpler times and a unique touch of small-town character that makes this spot even more special. The current owner has already begun making improvements with the intention of creating a personal residence and several Airbnb rental units. This is a great opportunity for a visionary investor to restore its historic charm or maximize its income potential in a truly one-of-a-kind setting.
From Wartburg: Take US-27 N toward Sunbright. Left onto TN-62 W (Nashville Hwy), Continue for 6 miles. Left onto Pemberton Street, left onto Spring Street, left onto Nashville Highway. From Oak Ridge: Take TN-62 W through Oliver Springs and Wartburg. Continue on TN-62 W for 30 miles. Turn left onto Pemberton Street, left onto Spring Street, left onto Nashville Highway. From I-40 (Exit 317, Crossville): Take US-127 N toward Jamestown. Turn right onto TN-62 E and continue for 25 miles. Turn right onto Pemberton Street, left onto Spring Street, left onto Nashville Highway.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
Buying or Selling real estate should be fun and simple. With Pat McCollum, that's exactly what you can expect. We will strive to make each and every interaction a professional and pleasant experience!
