390 East Parkway

    Gatlinburg, TN 37738
    • $1,299,000
    • STATUS: Active Under Contract
    • ON SITE: 233 days
    • ID#: 215676
    Under Contract
    UPDATED: 60 min ago
    $1,299,000
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,444
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Nai Koella | Rm Moore.


    Description

    This 42-unit economy motel is currently operated as a weekly residential rental property and not as a tourist-area motel. It consists of 39 motel units and 3 small cottages. There is obvious significant deferred maintenance. It seems to be a good candidate for renovation or for the motel to be demolished and the site redeveloped. Fee simple land for sale is relatively scarce in Gatlinburg.

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    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2018-12-10T19:15:54.72.
    www.janeterrell.com/homes/82790402

    390 East Parkway Gatlinburg, TN 37738

    • Price: $1,299,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: 215676
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    10,444
    SQFT
    $124
    $/SQFT
    1964
    Built
    Neighborhood:
    None
    County:
    Sevier
    Area:
    Gatlinburg
    Property Description
    This 42-unit economy motel is currently operated as a weekly residential rental property and not as a tourist-area motel. It consists of 39 motel units and 3 small cottages. There is obvious significant deferred maintenance. It seems to be a good candidate for renovation or for the motel to be demolished and the site redeveloped. Fee simple land for sale is relatively scarce in Gatlinburg.
    Exterior Features

    Lot Front 81

    Interior Features

    Rooms 42 Stories One

    Property Features

    Annual Tax 5609 Business Name Rainbow Motel Commercial Type Fee Simple Improved Common Area Maintenance Per Month 0 Current Use Motel/Hotel District 11 Hoa Per Month 0 Lot Block Unit 00 Possession Negotiable Proposed Financing CashConventional Restrictive Covenants Yes Sale Or Rent For Sale Suitable Use Motel/Hotel Tax Year 2017 Utilities ElectricSewerUtility Water Zoning C-2 Zoning Entity Gatlinburg

    Copyright 2018 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2018-12-10T19:15:54.72.
     
    The Terrell Team - Prime Mountain Properties
    807 Dolly Parton Parkway
    Sevierville TN, 37862
    Listing courtesy of Nai Koella | Rm Moore.


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