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311 S Main St, Lake City, TN, 37769

2beds
3baths
2,848sqft
$375,000
$132price/sqft
$2,576/moest. monthly cost
$103,040/yrincome needed

About This Home

Prime Mixed-Use Building in Downtown Rocky Top, TN Excellent opportunity to own a fully renovated mixed-use building located right on Main Street in the heart of Rocky Top. Just 20 minutes to both Knoxville and Oak Ridge, this property offers convenience, visibility, and investment potential. The main level features 1,700 square feet of commercial space, ideal for retail, office, or professional use. Upstairs are two spacious 1-bedroom apartments totaling 1400 square feet, perfect for rental income or owner-occupancy. The entire building was completely remodeled in 2008, including updates to wiring, plumbing, HVAC, windows, and finishes throughout. Additional features include off-street parking in the rear, a low-maintenance exterior, and a highly visible Main Street location. Whether you're an investor seeking a steady income property or an owner looking for a live-work setup, this versatile property in good old Rocky Top is ready for its next chapter. Zoned commercial

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

5/10
4/10
Lake City Middle SchoolGrades 6-80.8 mi
4/10

Construction

Condition

  • Year built: 1925

Materials

  • Construction materials: Brick,Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Range,Refrigerator,Self Cleaning Oven,Washer

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3

Features

  • Window features: Windows - Vinyl,Insulated Windows,ENERGY STAR Qualified Windows
  • Flooring: Vinyl,Radiant Floors,Other

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,848
  • Total interior livable area: 2,848 sqft

Property

Details

  • Parcel number: 018D D 012.00

Lot

  • Lot size: 4,235 sqft
  • Lot size dimensions: 121 x 35

Parking

  • Parking features: Off Street,On Premise Parking,Carport
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather
Hail
Landslide

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,896$22,752
Home Insurance $268$3,216
Property Taxes $181$2,172
Electricity $231$2,776
Total$2,576$30,912

Income You'd Need if You Spent...

35% on housing$88,320/yr
40% on housing$77,280/yr
45% on housing$68,693/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -6.2%
-6.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 37769$131
Anderson County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 37769$178
Anderson County$188

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-06Listed for sale$375,000

For Sale by Agent

AgentChris Wrede
BrokerageUnited Real Estate Solutions

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