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239 Sycamore Lane, Gatlinburg, TN 37738
$925,000
Property Type:
Commercial Sale
Square Footage:
15,766
Lot Size (sq. ft.):
33,106
Status:
Closed
Current Price:
$925,000
List Date:
4/16/2018
Last Modified:
8/23/2024
Overview
Description
Listing Details MLS# 215671
General Property Information
- Number Of Buildings
- Yes
- Lot Size Dimensions
- 247///
- Lot Size Acres
- 0.76
- Living Area
- 15766
- Business Name
- Creekside Inn
- Year Built
- 1965
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 88.8
- Sold Price/SqFt
- 58.67
- Number of Bonus Rooms
- 0
Property Features
Business Type:
Hotel/Motel
Levels:
Two; 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:
Phone Available; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; Call Listing Agent
Location Tax and Legal
- Street Number
- 239
- Street Name
- Sycamore
- Street Suffix
- Lane
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Other
- MLS Area Major
- Gatlinburg
- Subdivision Name
- Other
Contract Information
- Original List Price
- 1400000
- Listing Contract Date
- 2018-04-16
- Owner Name
- Greenstein
- 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
- Creekside Inn is a 42-room two- and four-story motel property that in recent years has been operated as a weekly residential rental facility. It was formerly a tourist-oriented motel. Some rooms have fireplaces and whirlpool tubs. A noisy, rushing mountain stream winds along the back side of the property, and many of the rooms have balconies facing the stream. While currently operating, the property shows significant deferred maintenance and will require substantial renovation to return it to a competitive use as a tourist-market motel in this tourist market.
- Directions
- From the Parkway (US 441) in Gatlinburg, turn at Light #3 onto East Parkway (US 321). Go 1/4 mile and turn Left onto Spruce Lane. Go approximately 400 yards to property on Left at corner of Sycamore and Spruce.
Status Change Information
- Major Change Timestamp
- 2018-09-06T05:38:16Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2018-09-06
- Purchase Contract Date
- 2018-06-06
- Close Date
- 2018-09-06
- Close Price
- 925000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 2860, 333
Showing Requirements
- Showing Instructions
- Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- C-2
- Zoning Entity
- Gatlinburg
- Tax Lot
- 9/10
- Tax Annual Amount
- 10418
- Tax Year
- 2017
Levels
- Three Or More
- Yes
- Two
- 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
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Other
- Yes
Business Type
- Hotel/Motel
- Yes
Listing Office:
NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.