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
Overview
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.
Listing Details MLS# 190857
General Property Information
- Number Of Buildings
- Yes
- Lot Size Dimensions
- 280/398//
- Lot Size Acres
- 2.14
- Living Area
- 73368
- Business Name
- Governor's Inn
- Year Built
- 2000
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 66.79
- Sold Price/SqFt
- 57.25
- Number of Bonus Rooms
- 0
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
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
Contract Information
- Original List Price
- 4900000
- Listing Contract Date
- 2014-07-02
- 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
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
- Major Change Timestamp
- 2015-03-12T05:35:54Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-03-12
- Purchase Contract Date
- 2014-12-06
- Close Date
- 2015-03-12
- Close Price
- 4200000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 1043, 478
Showing Requirements
- Showing Instructions
- Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
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
Construction Materials
- Block
- Yes
Exterior Features
- Lighting
- Yes
Levels
- Three Or More
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Other
- Yes
Building Features
- Elevator(s)
- Yes
- Fixtures
- Yes
- Furniture
- Yes
- Reception Area
- Yes
- Restrooms
- Yes
Business Type
- Hotel/Motel
- Yes
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.