7804 Carnes Rd

    Townsend, TN 37882
    • $2,799,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: 223449
    UPDATED: 57 min ago
    $2,799,000
    • 0
      BEDS
    • 10.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,839
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2016
    County:

    School Ratings & Info

    Listing courtesy of Keller Williams Maryville.


    Description

    Location, location, location... over 10 acres with 1068 feet of frontage on the Little River flowing less than 3 miles outside the GSMNP. The Wellspring Retreat (WR) is connected to the heart of Townsend via the iconic Dark Island Swinging Bridge, listed on TripAdvisor as one of the "Top Attractions" in "Things to Do" in Townsend. The TWRA stocks the river with brown and rainbow trout from the Swinging Bridge on a regular schedule in the Spring and Fall months. In addition to renting the cabins/lodge/homes individually, the new owners might want to look into expanding other uses for the property as well. Other considerations might include such venues as: Corporate Retreat Center 13 BR plus 2 waterfront loft cabins 3 large Great Room meeting places plus breakout rooms Weddings Develop wedding site on upper meadow Photography (various picturesque settings on property incl. Barn, Riverfront, Upper Meadow, Rock Bluffs for pre-wedding, rehearsal dinners, wedding day) Sleep up to 50 people if property is rented in its entirety Tubing Over 1000' on the river provides private ingress and egress for a tubing venue consideration All parcels are waterfront except the WR Lodge Projected Revenue, Overnight Rental Rates (w/standard marketing) Parcel Ave $$ Night/# per year Projected Gross Annual Income * Gate Cabin $175/200... 225 $35,000 - $39,375 * Hall home* $500/160...180 $80,000 - $90,000 * Handley home** $450/160...180 $72,000 - $81,000 * Riverfront Cabin (1) $150/190... 200 $28,500 - $30,000 * Riverfront Cabin (2) $150/190...200 $28,500 - $30,000 * Wellspring Lodge $500...550/180-190 $90,000 - $104,500 **** Estimated Total $334,000 - $374,875 **** *Sleeps 11+ depending on furnishings **Sleeps 9+ depending on furnishings Notes "Projected Revenue" figures are believed to be relatively conservative although no professional valuation study has been performed on any of the parcels. The property description is believed to be accurate but should be verified by the buyer

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    Copyright 2019 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 2019-12-12T10:15:38.567.
    www.janeterrell.com/homes/96799042

    7804 Carnes Rd Townsend, TN 37882

    • Price: $2,799,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 223449
    0
    Beds
    0
    Baths
    0
    ½ Baths
    10.41
    Acres
    11,839
    SQFT
    $236
    $/SQFT
    2016
    Built
    Neighborhood:
    Hall Property
    County:
    Blount
    Area:
    Townsend/Walland
    Property Description
    Location, location, location... over 10 acres with 1068 feet of frontage on the Little River flowing less than 3 miles outside the GSMNP. The Wellspring Retreat (WR) is connected to the heart of Townsend via the iconic Dark Island Swinging Bridge, listed on TripAdvisor as one of the "Top Attractions" in "Things to Do" in Townsend. The TWRA stocks the river with brown and rainbow trout from the Swinging Bridge on a regular schedule in the Spring and Fall months. In addition to renting the cabins/lodge/homes individually, the new owners might want to look into expanding other uses for the property as well. Other considerations might include such venues as: Corporate Retreat Center 13 BR plus 2 waterfront loft cabins 3 large Great Room meeting places plus breakout rooms Weddings Develop wedding site on upper meadow Photography (various picturesque settings on property incl. Barn, Riverfront, Upper Meadow, Rock Bluffs for pre-wedding, rehearsal dinners, wedding day) Sleep up to 50 people if property is rented in its entirety Tubing Over 1000' on the river provides private ingress and egress for a tubing venue consideration All parcels are waterfront except the WR Lodge Projected Revenue, Overnight Rental Rates (w/standard marketing) Parcel Ave $$ Night/# per year Projected Gross Annual Income * Gate Cabin $175/200... 225 $35,000 - $39,375 * Hall home* $500/160...180 $80,000 - $90,000 * Handley home** $450/160...180 $72,000 - $81,000 * Riverfront Cabin (1) $150/190... 200 $28,500 - $30,000 * Riverfront Cabin (2) $150/190...200 $28,500 - $30,000 * Wellspring Lodge $500...550/180-190 $90,000 - $104,500 **** Estimated Total $334,000 - $374,875 **** *Sleeps 11+ depending on furnishings **Sleeps 9+ depending on furnishings Notes "Projected Revenue" figures are believed to be relatively conservative although no professional valuation study has been performed on any of the parcels. The property description is believed to be accurate but should be verified by the buyer
    Exterior Features

    Access Easement RoadGravel RoadPrivate DrivePrivate Road Construction Aluminum SidingFrame-SteelFrame-WoodLog Lot Front 1067 Parking 25

    Interior Features

    Cooling Central ElectricCentral GasFans Heating Central

    Property Features

    Annual Tax $6617 Business Name Wellspring Retreat Commercial Type Fee Simple Improved Common Area Maintenance Cable TvCommon Area RestroomElectricGasLandscapingOtherSecurity Common Area Maintenance Per Month See Docs District N/A Hoa Per Month 0 Lot Block Unit 1 Restrictive Covenants No Sale Or Rent For Sale Tax Year 2018 Zoning Residential Zoning Entity Other

    Copyright 2019 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2019 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 2019-12-12T10:15:38.567.
     
    The Terrell Team - Prime Mountain Properties
    807 Dolly Parton Parkway
    Sevierville TN, 37862
    Listing courtesy of Keller Williams Maryville.