1204 Nashville Hwy Lancing, TN 37770
Estimated payment $203/month
About This Home
MOTIVATED SELLER - Price reduced to sell quick! 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $311
Year Built
- Built in 1976
Home Design
- 1,561 Sq Ft Home
- Block Foundation
- Metal Roof
Parking
- Detached Garage
- Carport
- Driveway
Utilities
- No Cooling
- Heating System Uses Natural Gas
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 085O B 007.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $311 | $11,450 | $1,350 | $10,100 |
| 2023 | $311 | $11,450 | $1,350 | $10,100 |
| 2022 | $314 | $11,550 | $1,350 | $10,200 |
| 2021 | $218 | $8,000 | $1,350 | $6,650 |
| 2020 | $284 | $8,000 | $1,350 | $6,650 |
| 2019 | $284 | $8,700 | $950 | $7,750 |
| 2018 | $284 | $8,700 | $950 | $7,750 |
| 2017 | $275 | $8,700 | $950 | $7,750 |
| 2016 | $275 | $8,700 | $950 | $7,750 |
| 2015 | $270 | $8,700 | $950 | $7,750 |
| 2014 | -- | $7,475 | $1,025 | $6,450 |
| 2013 | $231 | $7,463 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 06/24/2025 06/24/25 | Price Changed | $32,000 | -17.9% | $20 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $39,000 | -20.4% | $25 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $49,000 | -- | $31 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $20,000 | None Available | |
| Warranty Deed | $18,000 | -- |
Source: East Tennessee REALTORS® MLS
MLS Number: 1299285
APN: 085O-B-007.00
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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