Property Listing No Longer Available for Sale

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
UpdatedNovember 23rd, 2016
TypeMotel
Price$375,000
Building1,922 Sq. Ft.
Land0.34 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%