Gatlinburg Redevelopment Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30328864
Property Subtypes: Hospitality, Multi-Family
Status: Pending/Contingent
Gross Land Area: 0.92 Acres
Sale Price: $1,000,000
Unit Price: $1,086,956 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2018

Overview / Comments

Redevelopment site available in downtown Gatlinburg. Most of the former improvements were destroyed by fire in 2016. The burn debris has been removed and the site cleaned up. One 3-story, 18-room building remains and can be returned to usable condition. However, the property is priced as if vacant for redevelopment. There is an additional 0.32-acre lot that is available, and is close to but not contiguous with this property.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 126M J 007.00 and 005.00
Zoning: C-2
Property Visibility: Good
Legal Description: Map 126N, Group J, Parcels 005.00 and 007.00
Largest Nearby Street: Parkway (US 441)
Feet of Frontage: 327
Highway Access: Parkway, Cherokee Orchard Road, Bishop Lane
Site Description: Level 0.92-acre tract, improved with a 3-story, 18-room building, formerly operated as the Kingwood Inn. Property is priced as if vacant land for redevelopment.
Area Description: Located in downtown Gatlinburg, within walking distance to the Parkway and the primary tourist area, and adjacent to Arrowmont School of Arts & Crafts and Pi Beta Elementary School. Nearby attractions include Great Smoky Mountains National Park, Ober Gatlinburg, Ripley's Aquarium of the Smokies, Anakeesta Aerial Adventure Park
Lot Frontage: 327
Lot Depth: 100
Zoning Description: C-2
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 3,503 11,669
Median Age: 38.79 42.69 44.9
Households: 706 1,480 4,838

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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