Moffit Manor Historical B&B & Event Venue

Altamont, TN   Offered for sale at $499,000

It also comes with its own source of income - this website goes with the sale

12 room historic home with 6 BR 2-3/4 BA, 3 parlors, 2 living rooms, 24x11 library, 8 fireplaces. Beautiful place for a B & B. Also has a 20x32 log cabin on property with a living room, fireplace, kitchen area, 1 BR 10x13 & 1 bath. Completely furnished with elegant wall coverings from the 18th century, upscale crystal chandeliers, ceiling fans in foyer, 6 bedrooms completely furnished (not in price), lower and upper-level family rooms with 60” TVs, 8 fireplaces for wood or coal, $7000 in insulation to keep energy efficient in all seasons, beautifully accented with elegant furniture in every room with antiques throughout the manor. Listed in the national history as well as state registry, grants available through the state to purchase and maintain. It also has a cabin on the estate to be used as a honeymoon cabinet which once was the county courthouse. Named after the rich spinster Fannie, The Moffit Manor. A host of Thomas Kincaid paintings and antique mirrors and pieces making this a dream come true for anyone wanting to open a local B&B. Former owners had a very successful B&B without any of the amenities or updates to the property. Ready to open, absolutely nothing needs to be done to this property. All renovations have been done within the past four months.
Area recreation and attractions- Fannie Moffitt Stomp, Since it's downtown it also had hosted many private weddings, parties, 4th of July festivals, Thanksgiving and Christmas parties, Beersheba Springs Arts & Crafts Fair. also brings in lots of area visitors.

Altamont is the county seat of Grundy and located just across the street is the county courthouse, post office, utility office, bank, jail, pharmacy, city hall, 2 local churches. Altamont also has an elementary school with some of the highest scores in Tennessee. Altamont also has a great need for a luncheonette downtown because Altamont has no cafe open at this time. We also have a very low crime rate. Located high atop Monteagle Mountain is also the highest mountain between Chicago and Atlanta.cities. 60 miles to Nashville and 180 miles from Atlanta making it convenient to major cities. Altamont gets heavy visitor traffic to see the fall colors in the mountains. It also gets a lot of tourists visiting the Great Stone Door to hike and Greeter Falls to swim. Altamont also has heavy traffic in the summer months due to the local Boyscout Camp nearby.

Property Details
  • Former Inn
  • 8 Guest Rooms
  • 3 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1856
  • Last Renovated in 2019
  • Opened in 1868
  • Building is 4,400 SQFT
  • Lot is 1 Acres
  • Photo Gallery
Financial Details
  • Offered for sale at $499,000
  • Occupancy Rate: 255.00
  • Average Daily Rate: 195.00
  • Annual revenue is $256,000
  • Terms: No terms available. This is on the historical register and Tennessee has grants to upkeep and also purchase.
Contact Information