$975,000

Exceptional Little River Estate with Highway Frontage & Endless Possibilities Discover one of Townsend's most unique and versatile properties, offering the rare combination of frontage on both E. Lamar Alexander Parkway (Highway 321) and the pristine Little River. Nestled along one of the river's most peaceful stretches--away from… Read More the heavy tubing traffic--this property provides deep water, outstanding fishing, and a serene mountain setting just minutes from the entrance to the Great Smoky Mountains National Park. Currently zoned B-1 Commercial, this exceptional property offers tremendous flexibility for a variety of business ventures (subject to county regulations), overnight rental opportunities, investment potential, or continued use as a spacious private residence. The home features approximately 6 bedrooms, 3.5 bathrooms, a spacious open family room, a large main-level bonus room, and an oversized primary suite. Originally constructed in 1952, the residence was thoughtfully expanded around 2010, blending classic character with modern living space. A fully finished and heated basement, dual HVAC systems, and generous living areas provide ample room for family, guests, or future business conversion. Whether you're seeking a family estate, investment property, boutique commercial location, or riverfront retreat, this property offers unmatched potential in one of East Tennessee's most desirable destinations. Property Highlights: Frontage on both E. Lamar Alexander Parkway and the Little River Peaceful river setting with deep water and excellent fishing Located outside the heavily trafficked tubing areas B-1 Commercial Zoning allowing numerous business possibilities Excellent overnight rental or mixed-use potential 6 Bedrooms 3.5 Bathrooms Large family room, bonus room, and spacious primary suite Heated and finished full basement Dual HVAC systems Original home built in 1952 with major addition completed around 2010 Conveniently located along the Townsend Bike Trail Minutes from the entrance to the Great Smoky Mountains National Park The home is being offered As-Is, presenting an outstanding opportunity for buyers to create their own vision while investing in one of Townsend's most distinctive riverfront properties. Properties with this combination of commercial zoning, river frontage, highway visibility, and proximity to the Great Smoky Mountains National Park rarely become available. Schedule your private showing today and experience the exceptional possibilities that await at 8229 E. Lamar Alexander Parkway. Read Less

Courtesy of Realty Executives Associates

Listing Snapshot

Days Online

Last Updated

Aug 12, 2026

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

4,300

Lot Size

0.7 Acres

Year Built

1952

MLS Number

1346643

Additional Details

Basement

Walkout, Finished, Partially Finished, Other

Building

Built in 1952, Building area total: 4,300, Architectural style: Traditional

Cooling

Central Cooling, Ceiling Fan(s), Zoned

Fireplaces

None

Floors

Other, Hardwood, Vinyl

Heating

Forced Air, Heat Pump, Electric

Interior Features

Eat-in Kitchen

Lot

0.7 acres, 30,492 square feet, Area: 1, River, Waterfront, Wooded, Irregular Lot, Level

Parking

Off-Street Parking, Carport

Sewer

Septic Tank

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8229 E Lamar Alexander Parkway Pkwy

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