214/204/210 Bishop Lane, Gatlinburg, TN
Motel for Sale - $375,000 - 1,922 Sq. Ft. on 0.34 acres
Property Info
CIMLS# | 915688 |
Location 214/204/210 Bishop Lane Gatlinburg TN 37738 | |
Updated | November 23rd, 2016 |
Type | Motel |
Price | $375,000 |
Building | 1,922 Sq. Ft. |
Land | 0.34 acres |
Property Description
SVN | R. M. Moore, LLC is pleased to be the exclusive broker to market this rare fee simple property located in downtown Gatlinburg, Tennessee. Gatlinburg is a mountain resort city and the gateway city to Great Smoky Mountains National Park. There are high economic barriers to entry and fee simple real estate rarely comes to market, especially real estate that is located close to the Parkway (US 441). Land prices are generally steep.
The property consists of two adjacent commercially zoned parcels, improved with single-family residential dwellings that have often been rented as short-term tourist rentals. One tract is improved with an authentic 2-bedroom, 1-bathroom log home, built in 1950, and a detached garage with upper story guest room. The other tract is improved with a 3-bedroom, 1.5-bathroom cottage, built in 1955, with old-Gatlinburg-style wall and ceiling wood paneling.
The C-2 (General Business) zoning district permits many other commercial uses, such as retail, restaurants, and personal, business and professional services
Location Description:
Located in downtown Gatlinburg, close to the Parkway (US 441).
Highlights:
>> Two adjacent parcels with 0.34 total acres
>> C-2 (General Business) zoning district
>> Public electricity, water and sewer
>> Located just 0.25-mile (1,320 feet) from the Parkway
* Email for additional photos
Financials
Cash, conventional, or terms acceptable to seller
Sales Info:
>> Commision split: 3.5%