170 Glades Road, Gatlinburg, TN 37738
$2,350,000
Property Type:
Commercial Sale
Square Footage:
20,524
Lot Size (sq. ft.):
113,256
Status:
Closed
Current Price:
$2,350,000
List Date:
8/29/2020
Last Modified:
8/22/2024
Overview
Description
GREAT INCOME PRODUCING retail center located in the heart of Gatlinburg! The center averages $305k per year! Smoky Mountain Arts and Craft Village currently occupies 25 retail shops with fully executed lease agreements. The center is situated on 2.60 acres, has 5 separate buildings, and has 89 parking spaces. Each well maintained unit has their own restroom, with the center having 2 public restrooms. Get in this turn key cash flow opportunity while it last!
Listing Details MLS# 229946
General Property Information
- Number Of Buildings
- 5
- Lot Size Acres
- 2.6
- Living Area
- 20524
- Business Name
- Smoky Mountain Arts & Cra
- Year Built
- 2006
- Bonus Room YN
- No
- Sign On Property YN
- Yes
- List Price/SqFt
- 119.37
- Sold Price/SqFt
- 114.5
- Number of Bonus Rooms
- 0
Property Features
Building Features:
Restrooms
Business Type:
Retail
Construction Materials:
Wood Siding
Cooling:
Wall Unit(s)
Documents Available:
Leases; Property Disclosure; Septic Permit; Survey
Exterior Features:
Lighting
Heating:
Electric; Heat Pump
Levels:
One
Listing Terms:
Cash; Conventional; Fee Simple Improved
Parking Features:
On Site; Paved
Possession:
Close Of Escrow; Other
Possible Use:
Retail; Other
Road Frontage Type:
City Street
Tenant Pays:
Electricity
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; See Remarks
Location Tax and Legal
- Street Number
- 170
- Street Name
- Glades
- Street Suffix
- Road
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Other
- MLS Area Major
- Gatlinburg
- Subdivision Name
- Other
Contract Information
- Original List Price
- 2750000
- Listing Contract Date
- 2020-08-29
- Owner Name
- Price
- 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
- GREAT INCOME PRODUCING retail center located in the heart of Gatlinburg! The center averages $305k per year! Smoky Mountain Arts and Craft Village currently occupies 25 retail shops with fully executed lease agreements. The center is situated on 2.60 acres, has 5 separate buildings, and has 89 parking spaces. Each well maintained unit has their own restroom, with the center having 2 public restrooms. Get in this turn key cash flow opportunity while it last!
- Directions
- Coming from downtown Gatlinburg keep right onto East Parkway, go 2.7 miles turn left onto Glades Rd, .03 mile the shopping center will be on the right.
Status Change Information
- Major Change Timestamp
- 2023-08-31T16:53:06Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-05-13T18:53:05Z
- Status Change Timestamp
- 2023-08-31
- Purchase Contract Date
- 2023-05-21
- Close Date
- 2023-08-31
- Close Price
- 2350000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 2185, 700
Showing Requirements
- Showing Instructions
- To schedule showings please call Angela Miller at 865-776-6560. Send OFFERS to Yourhomesoldbyangela@gmail.com. Please submit Pre-Approval/Proof of Funds & Disclosures with offer. SF from tax records or seller; buyer to verify.
- Appointment Only
- Yes
- See Remarks
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- C-2
- Zoning Entity
- Gatlinburg
- Tax Lot
- -
- Tax Annual Amount
- 15496
- Tax Year
- 2018
Construction Materials
- Wood Siding
- Yes
Cooling
- Wall Unit(s)
- Yes
Documents Available
- Leases
- Yes
- Property Disclosure
- Yes
- Septic Permit
- Yes
- Survey
- Yes
Exterior Features
- Lighting
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Levels
- One
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Other
- Yes
Road Frontage Type
- City Street
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Tenant Pays
- Electricity
- Yes
Possible Use
- Retail
- Yes
- Other
- Yes
Building Features
- Restrooms
- Yes
Business Type
- Retail
- Yes
Listing Office:
United Real Estate Solutions 6339
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.