Top Of Townsend Mountain Top For Sale - 8 Cabins + 1 4BD 3BA Home

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30755054
Property Subtypes: Recreation Cabins
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 11,800 SF
Gross Building Area: See Agent
Gross Land Area: 20.86 Acres
Sale Price: $1,499,000
Unit Price: $166,555.56 Per Unit
Property Use Type: Investment
Name of Establishment: Top Of Townsend
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

Rare opportunity to purchase 8 cabins and a 4BD 3BA home located on 20.86 acres at the Top of Townsend (Zach's Ridge)! Entrance is at the end of Boat Gunnel Rd. just off Old Tuckaleechee Pike and Rte. 321.

All cabins have been renovated to include: significant structural and foundation improvements, mini split AC/Heat units, some new appliances, landscaping, new water tower/system, new chinking, cage-protected insulation, new PEX water lines, all interior walls and floors sanded and polyurethaned, new custom-made kitchen cabinets, fabricated stone hearths, new loft carpet, and bathroom tile in every cabin, and road widening and shoring. All cabins have metal roofs. You'll be impressed with the condition of each cabin. All cabins sleep 6-10 people. Cabins 1-5 are furnished and decorated, Cabins 6-8 are unfurnished. All furnishings are negotiable and not included in pricing. Please refer to the attached Cabin breakdown for details of each cabin.

Total number of buildings is 13: 8 Cabins, 4BD house, horse barn, pavilion, and 2 pump houses.

No rental income to share. Previously (previous owner) the property was rented as a cabin rental business for over 15 years. Current owners have been improving cabins and property and had plans to bring the business online again but their hotel business has taken their attention.

Please refer to the attached site plan for how the 8 cabins are situation on the 20.86 acres. Latest survey is attached.

You will not find an opportunity like this, for this price/unit! Very little effort needed to begin earning $$! Own the top of a mountain!

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 00510703100
Retail Clientele: Tourist
Property Visibility: Excellent
Total Number of Buildings: 13
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 815 1,821 3,798
Median Age: 53.69 50.88 51.52
Households: 374 817 1,691

Contact

Photograph of Listing Agent

Daniel Monat

LeConte Realty, LLC KAAR CIE Member
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