Elegant Mountain Bed and Breakfast Resort

Hospitality for Sale
Catylist Listing ID: 30741470
Property Subtypes: Bed & Breakfast
Number of Units: 9 Units
Building Size (RSF): 10,918 SF
Gross Building Area: See Agent
Gross Land Area: 78.96 Acres
Sale Price: $2,390,000
Unit Price: $265,555.56 Per Unit
Property Use Type: Investment
Building Name: Bed and Breakfast
Name of Establishment: Bed and Breakfast
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

Elegant and inviting 9 Suites/10-room Inn Resort nestled on 78.96 wooded mountain acres in the Smoky Mountains region of East Tennessee. Features include beautifully appointed guest rooms, a library pub that serves wine and liquor drinks, breakfast room, formal dining room, pool, tennis court, and fitness room. There are hiking trails on the property. Easy drive to Great Smoky Mountains National Park, and the resort cities of Gatlinburg and Pigeon Forge. Stabilized and profitable. Certain artwork and personal property will not convey.

The Inn Resort (1500 Pinnacles Way) is being offered for sale in conjunction with 1558 Pinnacles Way, a contiguous 2.12-acre lot improved with a residential dwelling: a beautiful, well-maintained and stylish mountain log house. This secluded property has 2,896 square feet on the first and second floor and an additional 1,668 square feet in the finished basement.
The house has 3 bedrooms, 2.5 bathrooms, a bonus room, a recreation room and a workshop. The living room has a vaulted cathedral ceiling, features elegant Brazilian hardwood flooring, and a large double sided indoor-outdoor fireplace. The porch wraps around the house on 3 sides.

The price for the Inn Resort and the residential house together shall be $2,390,000.00. The Inn Resort (1500 Pinnacles Way) may be purchased alone for $1,700,000. However, the residential house (1558 Pinnacles Way) may only be purchased in conjunction with 1500 Pinnacles Way.

Contiguous 117-acre tract is available as a separate purchase.

No DRIVE-BYS and no short-notice showings. All showings must be scheduled with listing agent.

Additional Details

Nearest MSA: Newport
County: Cocke
Tax ID/APN: 015073 00500
Retail Clientele: General, Family, Traveler, Tourist
Site Description: Large, wooded acreage tract in the Smoky Mountains region of East TN.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1976
Water Recreation: Outdoor Pool, Sauna
Parking Type: Surface
Parking Description: Onsite
Sewer Type: Septic
Land Ownership: Fee simple
Legal Description: 073 005.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,940 4,162 17,540
Median Age: 43.84 43.67 41.29
Households: 796 1,716 7,310


Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

August Timisela

NAI Koella | RM Moore KAAR CIE Member
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