100% Renovation Gatlinburg, Sevier County, TN Lodge/Motel

Hospitality for Sale
Catylist Listing ID: 30642251
Property Subtypes: Bed & Breakfast, Chalet, Inn, Motel, Vacation Rental(s), Other
Number of Units: 38 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1.30 Acres
Sale Price: $2,999,999
Unit Price: $78,947.34 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Riverchase Lodge
Name of Establishment: Riverchase Lodge
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Watch Video! Gatlinburg TN is fully open! The Great Smoky Mountains National Park is the most visited National Park in the United States with 12.5 million visitors every year. This vacation lodge is the newest jewel in the crown of non-stop retail, entertainment and dining. 100% all in renovation. Completely redesigned, trendy double occupancy rooms. Queen beds, mid-century modern headboards with USB charging stations and modern lighting, hip carpet, new tile throughout bathrooms, new PTAC's, new entry locks, new flat screen TVs, all new FF&E, new pex and copper plumbing throughout. New fire and life safety sysstm. Software ready and wired for new owner immediate bookings. New laundry facility on-site. Newly paved. All new Metal Standing Seam Maintenance Free Roof System. Modern and sleek redesigned lobby to match rooms. The prospectus ADR for this product is $120-$130 for weekends and $80-$90 for weekdays and higher during holidays/peak seasons. Trip Advisor recently revealed that Dollywood is now ranked 6th among the Top 10 amusement parks in the U.S. beating out 3 Disney properties. Blake Shelton's, Ole Red is a 5 minute walk, Ripley's Aquarium of the Smokies is a 7 minute walk and the super popular Trolley Stop is a 3 minute walk. The lodge itself is a 5 minute walk to the entire Gatlinburg Strip. Modern accomodations in the Smokies are now the most desirable and first to be rented accommodations in Gatlinburg. This property will stay fully occupied with rates accessible to all and super desirable as a brand new property. Owner Financing! Call now!

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Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: City of Gatlinburg
Tax ID/APN: 078126L C 03500
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Smoky Mountain Winery and Baskins Creek Bypass
Largest Nearby Street: Parkway
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Roof Type: Other
Construction/Siding: Block
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 5,146 9,584
Median Age: 38.79 44.32 43.56
Households: 706 2,175 3,982

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