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313 Baskins Creek Road, Gatlinburg, TN 37738
$1,320,000
Property Type:
Commercial Sale
Square Footage:
6,245
Lot Size (sq. ft.):
24,394
Status:
Closed
Current Price:
$1,320,000
List Date:
12/04/2017
Last Modified:
8/23/2024
Overview
Description
Listing Details MLS# 213475
General Property Information
- Number Of Buildings
- 2
- Lot Size Acres
- 0.56
- Living Area
- 6245
- Business Name
- Resort City Motel
- Year Built
- 1950
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 224.18
- Sold Price/SqFt
- 211.37
- Number of Bonus Rooms
- 0
Property Features
Building Features:
Reception Area
Business Type:
Hotel/Motel
Construction Materials:
Stone; Wood Siding
Levels:
One
Listing Terms:
Cash; Conventional; Fee Simple Improved
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Possible Use:
Other
Road Frontage Type:
City Street
Road Surface Type:
Paved
Utilities:
Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; Call Listing Agent
Location Tax and Legal
- Street Number
- 313
- Street Name
- Baskins Creek
- 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
- 1400000
- Listing Contract Date
- 2017-12-04
- Owner Name
- Wynn
- 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
- Charming vintage motel located in the heart of downtown Gatlinburg. All 19 guest rooms were renovated in 2016/2017, including new furniture case goods, mattresses, flooring, refrigerators, smaller profile GE PTAC units, cultured marble shower enclosures, and bathroom fixtures. In addition to the guest rooms and motel office building, there is a 4-bedroom, 2 bathroom owner's/manager's cottage with a motel laundry room. The cottage could be converted to a guest rental unit. Similar downtown cottages have been known to generate $25,000 or more in annual revenues.
- Directions
- From the Parkway (US 441) headed from Pigeon Forge into Gatlinburg, the property is near the corner of Cherokee Orchard Road and Baskins Creek Road.
Status Change Information
- Major Change Timestamp
- 2018-05-17T05:38:01Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2018-05-17
- Purchase Contract Date
- 2018-02-26
- Close Date
- 2018-05-17
- Close Price
- 1320000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 4637, 249
Showing Requirements
- Showing Instructions
- Agents: DO NOT disturb or discuss property with employees. Contact listing agent to arrange showings with owner.
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- C-2
- Zoning Entity
- Gatlinburg
- Tax Lot
- 70
- Tax Annual Amount
- 5094
- Tax Year
- 2016
Construction Materials
- Stone
- Yes
- Wood Siding
- 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
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Other
- Yes
Building Features
- Reception Area
- Yes
Business Type
- Hotel/Motel
- Yes
Listing Office:
NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.