121 Nascar Drive, Sevierville, TN 37862
$4,200,000
Property Type:
Commercial Sale
Square Footage:
73,368
Lot Size (sq. ft.):
93,218
Status:
Closed
Current Price:
$4,200,000
List Date:
7/02/2014
Last Modified:
8/23/2024
Description
Governor's Inn is a visually impressive independent 5-story, 107-room hotel nestled in the foothills of Tennessee's Smoky Mountains. It is built on an elevated 2.14-acre site in Governor's Crossing, a mixed-use, tourism-oriented development of restaurants, retail shops, live show theater, winery, museum, and time-share condominiums. Rooms open to private balconies, many with panoramic views of the Smoky Mountains. Split room layouts, with the bathroom partially dividing each room into two separate areas. Standard rooms have a Queen bed on each side, while King rooms provide a King bed and a sleeper sofa. There are also connecting suites, comprised of a Double Queen room and a King Room. All rooms are non-smoking.
More Information MLS# 190857
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-5
Zoning Entity: Sevierville
Tax Lot: 7-AR
Tax Annual Amount: 34765
Tax Year: 2013
Contract Information
Owner Name: Hotel Partners
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 0
Rental History Year 1: 0
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0
Current Price: $4,200,000
Original List Price: 4900000
Sold Price: $4,200,000
Status: Closed
Listing Contract Date: 2014-07-02
General Property Information
Number Of Buildings: 1
Lot Size Dimensions: 280/398//
Lot Size Acres: 2.14
Business Name: Governor's Inn
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 66.79
Sold Price/SqFt: 57.25
Living Area: 73368
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: Governor's Inn is a visually impressive independent 5-story, 107-room hotel nestled in the foothills of Tennessee's Smoky Mountains. It is built on an elevated 2.14-acre site in Governor's Crossing, a mixed-use, tourism-oriented development of restaurants, retail shops, live show theater, winery, museum, and time-share condominiums. Rooms open to private balconies, many with panoramic views of the Smoky Mountains. Split room layouts, with the bathroom partially dividing each room into two separate areas. Standard rooms have a Queen bed on each side, while King rooms provide a King bed and a sleeper sofa. There are also connecting suites, comprised of a Double Queen room and a King Room. All rooms are non-smoking.
Directions: From the Parkway (US 441) in Sevierville turn at the light onto Collier Drive across from WalMart. Follow to hotel on left.
Status Change Information
Status Change Timestamp: 2015-03-12
Buyer Financing: Conventional
Major Change Timestamp: 2015-03-12T05:35:54Z
Major Change Type: Status Change
Purchase Contract Date: 2014-12-06
Close Date: 2015-03-12
Close Price: 4200000
Currently Not Used
Book/Page/Doc #: 1043, 478
Construction Materials
Block: 1
Exterior Features
Lighting: 1
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Other: 1
Building Features
Elevator(s): 1
Fixtures: 1
Furniture: 1
Reception Area: 1
Restrooms: 1
Business Type
Hotel/Motel: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Showing Instructions: Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
Location Tax and Legal
Street Number: 121
Street Name: Nascar
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Other
MLS Area Major: Sevierville
Subdivision Name: Other
Property Features
Building Features: Elevator(s); Fixtures; Furniture; Reception Area; Restrooms
Business Type: Hotel/Motel
Construction Materials: Block
Exterior Features: Lighting
Levels: Three Or More
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Negotiable
Possible Use: Other
Road Frontage Type: City Street
Road Surface Type: Paved
Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.