516 Mill St, Madisonville, TN 37354 (MLS # 1361496)

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PRICE $319,000 BEDS 2 BATHS 1 HOME SIZE 1,040 sqft LOT SIZE 1.40 ac Request More Info Schedule a Showing

Opportunity takes shape at 516 Mill Street, where a One Level, two-bedroom, one-bath house and substantial land create an appealing path for buyers with ideas. Offering 1,040 square feet, the residence is ready for a new owner to rethink, refresh, and personalize it over time. Its approachable price point may suit renovators, investors, or buyers seeking a smaller home with room beyond the walls. The detached 2level garage has phenomenal potential with electricity already in place. The level 1.40 total acreage setting is a standout. With the home itself sitting on 0.43acre lot it leaves 0.97acres with space that could support gardening, outdoor recreation, or future plans subject to required approvals. Adding versatility is a detached garage or apartment structure with a loft & electricity, offering possibilities for parking, storage, a workshop, or supplemental use according to buyer needs and applicable regulations. One garage parking space is included. An especially valuable component is the separate 0.97-acre buildable lot. Whether held for added privacy, explored for another residence, or considered as a longer-term investment, it expands the property's potential. Buyers should independently verify boundaries, utilities, access, zoning requirements, and permitted uses with Monroe County and local authorities. Set within walking distance of downtown Madisonville, this address places shops, dining, and everyday services close at hand. Memorial Park is also nearby, providing a convenient place for fresh air and recreation. Zoned R-1, the property combines a manageable home, generous acreage, an auxiliary structure, and an additional homesite in one distinctive offering. Schedule a visit and consider how this Madisonville property could fit your plans.