Redevelopment Site in Mountain Resort City

Vacant Land for Sale
Catylist Listing ID: 30605799
Property Subtypes: Hospitality, Multi-Family
Gross Land Area: 1.93 Acres
Sale Price: $1,900,000
Unit Price: $984,455 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2020

Overview / Comments

This 1.93-acre development tract was the former site of the Ski Mountain Motel, before it was destroyed by wildfires in 2016. Located a short distance from River Road, the Parkway, and downtown attractions, restaurants, and shops, this is an outstanding site for a new hotel.

.Located about 0.2 mile off the Parkway (US 44) on the south end of Gatlinburg, TN
.Site of Ski Mountain Motel that was destroyed by 2016 Gatlinburg wildfires
.Fee simple land of this size is seldom available for purchase in downtown Gatlinburg
.Small mountain stream on the property
.Mountain views

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $3,216 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: City of Gatlinburg
Tax ID/APN: 010.00 & 013.00
Zoning: C-2
Property Located Between: Ownby St. & Cook Dr.
Property Visibility: Good
Legal Description: Map 137B, Group A, Parcels 010.00 and 013.00
Largest Nearby Street: Parkway (US 441)
Feet of Frontage: 165
Highway Access: Ski Mountain Road
Site Description: Level, open and cleared from former Ski Mountain Motel which burned in the 2016 wildfires
Area Description: This former hotel site is on Ski Mountain Road within the city limits of Gatlinburg, Tennessee. Gatlinburg is a mountain resort city and the gateway city to Great Smoky Mountains National Park.
Lot Frontage: 165
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: 268 1,941 9,467
Median Age: 59.4 41.64 45
Households: 135 841 3,908

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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