117 Bishop Lane, Gatlinburg, TN
Motel for Sale - $1,600,000 - 23,457 Sq. Ft. on 0.93 acres
Property Info
| CIMLS# | 772077 |
| Location 117 Bishop Lane Gatlinburg TN 37738 | |
| Updated | January 29th, 2016 |
| Type | Motel |
| Price | $1,600,000 |
| Building | 23,457 Sq. Ft. |
| Land | 0.93 acres |
Property Description
Quaint and charming independent motel in downtown tourist area. 36 motel rooms, owner/manager's quarters, 4-bedroom cottage and 2-bedroom cottage. On-site laundry, exterior pool, large sundeck above office.
The motel real estate, furniture, fixtures and equipment are being offered for sale, but not the operating business. The motel has been rented to a 3rd party operator for the past few years, and pertinent financial and operating records are therefore unavailable from the sellers. PLEASE DO NOT ASK FOR FINANCIALS.
Location Description:
Downtown Gatlinburg, within walking distance of the Parkway and the primary tourist area.
Highlights:
>> 36-room independent motel
>> Two on-site rental cottages
>> Owner's apartment
>> Downtown Gatlinburg location
>> Walking distance to Parkway and attractions
* Email for additional photos
Financials
Cash, conventional, or terms acceptable to seller
Sales Info:
>> Commision split: 3.5%