This property is available on a rent-to-own basis. LEASE UNDER CONTRACT TO PURCHASE Unbeatable LOCATION for horse business and expanded agri-tourism business. Situated in the foothills of the Appalachian Mountains, this equestrian center just needs the savvy business person to put it on the map! Well designed farmhouse with 2 bedrooms, 2 bath on separate floors, open living space, office, and screened porch. Detached over size garage ready to build out the upstairs for "in-law" suite, office, or studio. Horse barn is very well designed, constructed, and built for the professional horseman to expand as business grows. 7 inside stalls, 14x14, w/stall mats, fans and lights in each, office, wash rack, feed/hay room, over hang for trailer, equipment storage, and a tack room, plus 4 outside stalls. The barn also has a sub floor above for future living space or storage. There are 4 large paddocks fenced with safe fencing, which is wrapped, electric wire, Water troughs in each paddock. Total acreage is 27.5. Approximately 1/3 is wooded and remainder in pasture. Two lengthy road frontages, Steve Tate Highway and state highway 53. Foothills Farm is located one mile south of the well known gated, mountain community of Big Canoe. The traffic count is not only very high, but is a great demographic of locals and travelers! There is a restriction on the property held with Big Canoe. Big Canoe is an exclusive, award winning, gated mountain, community. The restriction can be reviewed, but for this advert the brief synopsis is this: "the property can only be owned, operated, and sold as a horse farm." There is also a 30 day "first right of refusal" held by Big Canoe on the sale of the property. For the serious equestrian seeking to do business with the horse this is not a problem. Now is the time to buy! Big Canoe is in the middle of replacing their senior management. Perhaps they will not enforce their restriction or first right of refusal. Only serious, qualified inquiries. No exceptions. This property will require us to negotiate a custom lease. My former husband and I co-own this property. He wants nothing to do with it but to be relieved of it! We owe very little on the mortgage. He has offered to owner finance it. There are many ways that are available to create and negotiate a working deal for both parties, such as: 1.He will sell his half and we could co-own the property. 2. Lease to purchase the entire property at terms that work for both parties. I have set the monthly lease price fairly high, as this is a working farm. A qualified "buyer" should be prepared to pay enough down in order to decrease monthly payments.
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