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1575 Old 15th Rd, Del Rio, 37727
Priced At: $799,000
Property Details for ID: 1240211
SqFt: 1,890
Price SqFt: $423
Total Bedrooms: 4
Full Baths: 1 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2023-09-20T03:24:40Z
Public Remarks: Located in Del Rio, in the heart of the Appalachian Mountains. This 20-acre multi-family/event center property includes a fully functional restaurant named 'Annie's Pork and Beans' with a significant following and occasional live music events. It also includes a spacious historic home and several other income producing opportunities. One functioning overnight rental unit, renting for $80 per night. Multiple campsites available for rent at $20 per night. Two additional buildings that can be finished for additional overnight rental income. There's also 100-year-old spring on the property that could be used for artisan gravity-fed water. The home on the property was built in 1900, this home has 4 bedrooms and 1 bathroom. Features original hardwood floors and multiple propane heat sources. Several updates have been made in the last 5 years, enhancing its livability. The restaurant was originally established in 2017 after the property's previous store closed in 1978 after being open since 1896. The restaurant includes a kitchen, walk-in freezer, an open dining porch, two bathrooms, and a shower/laundry area. It's fully equipped and ready for new owners to take over. The property was featured on the Discovery Channel's 'Homestead Rescue,' which helped build the kitchen addition and a waterwheel that can produce a full months worth of power in one day. The property is zoned forestry with a commercial/residential overlay, providing flexibility for various uses. Facilities include a three-stall horse barn, four-stall goat barn, and storage. The rotating pasture and approximately a quarter-mile of creek frontage are ideal for homesteading and farming. It's also a great attribute for any type of event space or bed and breakfast. The property offers multiple income streams, including restaurant sales, overnight rentals, and campsite rentals. There's potential to convert two additional buildings into other rental units providing additional income opportunities. The property is deeply rooted in the local community, with antiques donated by community members spread throughout the restaurant space. It was also part of Christy Mission, adding to its historical significance. Overall, this property appears to be a unique opportunity for someone interested in both history and income generation. Its mix of historical charm, natural beauty, and existing revenue streams make it an appealing investment for the right buyer. Additional 5 acres for sale on Old 15th Road that has some areas already partially cleared.
Schools Information
Elementary School: ********Middle / Junior School:
High School: Cosby
Building Description
Site Built: Yes
Year Built: 1900
Total Rooms: 6
SqFt (Total): 1,890
SqFt (Main Lvl): 1,170
SqFt (2nd Flr Lvl): 720
Full Baths: 1
1/2 Baths: 0
Fireplace: No
Bonus Room: No
Extra Storage: Yes
Basement: No
Basement Type: Crawl Space
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 0
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
Follow I-40 east to Hartford Rd exit 447. Take Big Creek Rd to Old 15th Rd. Property will be on your left
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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. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use BJ Swinehart
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!