2162 Parkway, Pigeon Forge, TN 37863
$8,000,000
Property Type:
Commercial Sale
Square Footage:
32,937
Lot Size (sq. ft.):
62,291
Status:
Active
Current Price:
$8,000,000
List Date:
5/07/2024
Last Modified:
5/08/2024
Description
Fee Simple interest in 3-story, 63-unit limited service hotel. Located on the primary artery for Sevier County's 15 million visitors. Highly accessible, high traffic count location. Indoor and outdoor pools, picnic pavilion, fitness room, meeting room with attached kitchen.
The owner is also offering for sale a 3-hotel portfolio of this hotel and two additional hotels on the Parkway in Pigeon Forge. The price for this 350-room portfolio is $44,000,000.
More Information MLS# 300879
Location, Tax, and Legal
Street Number: 2162
Street Name: Parkway
County: Sevier
State: TN
Zip Code: 37863
Zip +4: 2995
City/County: City
Property Sub Type: Hotel-Motel
MLS Area Major: Pigeon Forge
Restrictive Covenants YN: Yes
Subdivision Name: None
Zoning: C-2
Zoning Entity: Pigeon Forge
Parcel Number: 115.00
Tax Lot: 1-R
Tax Annual Amount: 23264.3
Tax Year: 2023
City Tax: 2336
County Tax: 20928.38
Contract Information
Current Price: $8,000,000
Original List Price: 8000000
List Price: $8,000,000
Status: Active
Listing Contract Date: 2024-05-01
Auction YN: No
Owner Name: Prosper Properties, LLC
Listing Agreement: Exclusive Right To Sell
Exclusions YN: No
Co-op Compensation $/%: 0.4
Dual Or Variable Rate Commission YN: Yes
Occupant Type: Owner
Association YN: No
General Property Information
Number Of Buildings: 1
Stories Total: 3
Lot Size Dimensions: 180x368x204
Lot Size Acres: 1.43
Lot Size Source: Public Records
Living Area: 32937
Building Area Source: Public Records
Business Name: Howard Johnson
Parking Total: 1
Year Built: 1971
Bonus Room YN: No
Sign On Property YN: Yes
Construction Type: Site Built
List Price/SqFt: 242.89
Remarks and Miscellaneous
Public Remarks: Fee Simple interest in 3-story, 63-unit limited service hotel. Located on the primary artery for Sevier County's 15 million visitors. Highly accessible, high traffic count location. Indoor and outdoor pools, picnic pavilion, fitness room, meeting room with attached kitchen.
The owner is also offering for sale a 3-hotel portfolio of this hotel and two additional hotels on the Parkway in Pigeon Forge. The price for this 350-room portfolio is $44,000,000.
Directions: On the Parkway in Pigeon Forge, the property is located on the Southbound side of the Parkway, US 441, in the city of Pigeon Forge.
Status Change Information
Major Change Timestamp: 2024-05-07T16:20:10Z
Major Change Type: New Listing
Status Change Timestamp: 2024-05-07
Currently Not Used
Book/Page/Doc #: 5829/763
Frontage Type
Frontage Length: 204
Road Frontage Type
Road Frontage Length: 204
Showing Requirements
Showing Instructions: Contact listing agent to arrange showings; Listing agent must accompany
Property Features
Association Amenities: Picnic Area; Pool
Business Type: Hotel/Motel
Construction Materials: Block; Stucco
Exterior Features: Lighting; Other
Levels: Three Or More
Listing Terms: Cash; Conventional; Fee Simple Improved
Lock Box Information: None
Lot Features: Level; Paved
Parking Features: On Site; Paved
Possession: Negotiable
Road Frontage Type: City Street; State Road
Road Surface Type: Paved
Sewer: Public Sewer
Utilities: Cable Available; Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Listing Office: NAI Koella | RM Moore
Last Updated: May - 08 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.