The historic Old Hosiery Mill of Sweetwater presents a rare mixed-use investment opportunity combining existing income with approved multifamily expansion plans. This corner mill building features soaring ceilings, oversized windows, and expansive open spans ideal for adaptive reuse into loft-style residential units.
Master plans are already completed for the buildout of loft apartments on the second floor, with additional mixed-use development potential on the first level. The property currently includes an established tenant, Market at the Mill, operating under a 10-year lease -- providing immediate income stability while future residential units are developed.
Highlights include:
-Existing long-term commercial tenant (10-year lease)
-Master plans completed for second-floor loft apartments
-Flex-use layout ideal for mixed-use or multifamily conversion
-High ceilings and industrial character suited for loft development
-Walkable Main Street location in growing downtown Sweetwater
-Ample parking and proximity to civic center and post office
-Prime access just off I-75
Located in Sweetwater's expanding commercial corridor, this property offers investors the opportunity to control a historic landmark with scalable residential income potential. A strategic value-add asset blending stabilized income with multifamily upside.