Steeped in history and natural beauty, this extraordinary $699,000

Commercial For Sale near South Holston Lake

Steeped in history and natural beauty, this extraordinary historic grist mill property-known for generations as Parks Mill-is offered with an existing special use permit and presents a rare opportunity to steward a truly irreplaceable estate. Set amid nearly eight acres of pastoral countryside, this remarkable multi-building compound is a place where past and present converge in quiet harmony. For centuries, the rushing waters of 15-Mile Creek have shaped life here. Today, deeded water rights convey nearly a mile of creek frontage, where flowing water, mature landscape, and a secluded private waterfall create an atmosphere of rare serenity and romance. The sound of the water sets the tone throughout the property, lending a timeless calm that feels both grounding and inspiring. The estate has already proven itself as a successful and beloved event venue. Thoughtfully established infrastructure-including parking, utilities, ADA considerations, and multiple bathhouse facilities distributed across the grounds-allows gatherings of up to 300 guests to continue seamlessly under new ownership. At the heart of the property stands the historic grist mill, dating to the late 1700s, a commanding and soulful structure that anchors the land both visually and historically. While non-habitable and requiring restoration, the mill offers a rare and compelling opportunity for adaptive reuse, lending itself naturally to a restaurant or bar, gallery, wellness pavilion, or intimate lodge-an architectural centerpiece waiting to be reimagined. Surrounding the mill are three detached buildings constructed in 2003, forming a flexible, compound-style layout. The primary residence functions comfortably as an owner's retreat or caretaker's quarters, while a secondary building with inviting covered porches offers ideal space for guest accommodations, a studio, or a quiet place to gather. A dedicated bathhouse and utility building further support events, guests, and future wellness or service-oriented uses with ease. The detached nature of the structures, existing utilities, and thoughtful distribution of facilities allow the property to transition effortlessly into a private residential compound, retreat, or multi-generational legacy estate. Agricultural, mixed-use, and special-use zoning provide meaningful flexibility for hospitality, educational, cultural, or residential visions. A newly permitted septic system installed in 2021 further strengthens the foundation for future development. Select portions of the floodplain offer additional income potential, with the ability to support up to ten tiny homes on double axles utilizing a dump-and-pump system. Few properties of this caliber remain-an authentic industrial landmark shaped by water, time, and purpose, yet supported by modern infrastructure and a proven history of successful use. This is more than a property; it is a living piece of history, ready for its next steward to thoughtfully write the next chapter. Information obtained from seller and public records. All information to be verified by buyer and buyer's agent.