Ski View Motel

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30348510
Property Subtypes: Motel
Status: Pending/Contingent
Number of Units: 33 Units
Building Size (RSF): 10,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.71 Acres
Sale Price: $775,000
Unit Price: $23,484.85 Per Unit
Property Use Type: Investment
Building Name: Ski View Motel
Name of Establishment: Ski View Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2019

Overview / Comments

Ski View Motel, formerly a tourist market motel, is a 33-room two-story motel property that in recent years has been operated as a weekly residential rental facility. The building is situated on an elevated site, affording some beautiful mountain views.

The property has some deferred maintenance and will require substantial renovation to return it to a competitive use as a tourist-market motel.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 001.00
Zoning: C-2
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Hwy 321 (East Parkway)
Feet of Frontage: 330
Highway Access: Hwy 321 (East Parkway)
Area Description: Ski View Motel is located at the intersection of East Parkway (US 321) and Rattlesnake Hollow Road, within the city limits of Gatlinburg, Tennessee. Gatlinburg is a mountain resort city and the gateway city to Great Smoky Mountains National Park.
Nearby Attractions: Great Smoky Mountains National Park, Ober Gatlinburg Ski Resort, Ripley's Aquarium of the Smokies, Glades Road Arts & Crafts Community, numerous restaurants, retail shops, and other tourist attractions.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Poor
Year Built: 1965
Parking Type: Surface
Parking Description: Onsite, paved
Zoning Description: C-2
Lot Frontage: 330
Lot Depth: 253
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Map 127H, Group B, Parcel 001.00

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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

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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