321/327/32 Airport Road, Gatlinburg, TN 37738
$10,000,000
Property Type:
Commercial Sale
Square Footage:
10,492
Lot Size (sq. ft.):
62,726
Status:
Closed
Current Price:
$10,000,000
List Date:
1/23/2025
Last Modified:
6/16/2025
Overview
Description
The Property consists of three contiguous commercially-zoned lots in the commercial tourist area of downtown Gatlinburg, TN. One lot is improved with a restaurant doing business as The Log Cabin Pancake House (built in 1976). A retail building is located immediately adjacent to it (built in 1994), and the remainder of the Property consists of paved parking lots. The total square footage for the two buildings is approximately 10,492 sq.ft. There are numerous flagged and independent hotels and resort lodging properties nearby. The Parkway (US 441) is within a short walking distance.
. Versatile property for various business concepts, including hotel and resort lodging, restaurant
. Close proximity to the Parkway, the city's major traffic corridor
. Established commercial area with strong consumer pedestrian and vehicle traffic
. Restaurant business is not included in sale offering-only the real estate
Listing Details MLS# 304543
General Property Information
- Number Of Buildings
- 2
- Stories Total
- Yes
- Lot Size Acres
- 1.44
- Living Area
- 10492
- Building Area Source
- Public Records
- Business Name
- The Log Cabin Pancake House
- Year Built
- 1976
- Bonus Room YN
- No
- Sign On Property YN
- Yes
- Construction Type
- Site Built
- Waterfront YN
- No
- List Price/SqFt
- 1215.21
- Sold Price/SqFt
- 953.11
- Parking Total
- 0
Property Features
Accessibility Features:
Accessible Entrance
Basement:
None
Building Features:
Restrooms
Business Type:
Food & Beverage; Retail
Documents Available:
Aerial Photo
Levels:
One
Listing Terms:
Cash; Conventional; Fee Simple Improved
Lock Box Information:
None
Lot Features:
City Lot; Corner Lot; Level; Paved
Other Structures:
See Remarks
Parking Features:
On Site; Paved
Possession:
Negotiable
Possible Use:
Commercial; Mixed Use; Retail
Road Frontage Type:
City Street
Road Surface Type:
Paved
Sewer:
Public Sewer
Utilities:
Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Considerations:
Occupied; See Remarks
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany
Location Tax and Legal
- Street Number
- 321/327/32
- Street Name
- Airport Road
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Retail
- MLS Area Major
- Gatlinburg
- Subdivision Name
- None
Contract Information
- Original List Price
- 12750000
- Sold Before Listed
- No
- Listing Contract Date
- 2025-01-17
- Auction YN
- No
- Owner Name
- The Trust Company of Tennessee
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Owner
- Association YN
- No
Remarks and Miscellaneous
- Public Remarks
- The Property consists of three contiguous commercially-zoned lots in the commercial tourist area of downtown Gatlinburg, TN. One lot is improved with a restaurant doing business as The Log Cabin Pancake House (built in 1976). A retail building is located immediately adjacent to it (built in 1994), and the remainder of the Property consists of paved parking lots. The total square footage for the two buildings is approximately 10,492 sq.ft. There are numerous flagged and independent hotels and resort lodging properties nearby. The Parkway (US 441) is within a short walking distance. . Versatile property for various business concepts, including hotel and resort lodging, restaurant . Close proximity to the Parkway, the city's major traffic corridor . Established commercial area with strong consumer pedestrian and vehicle traffic . Restaurant business is not included in sale offering-only the real estate
- Directions
- From the Parkway (US 441) in Gatlinburg, turn at Light #8 (Historic Nature Trail/Airport Road). Follow to property on Left.
Status Change Information
- Major Change Timestamp
- 2025-06-16T20:13:40Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2025-06-16
- Purchase Contract Date
- 2025-03-19
- Close Date
- 2025-06-16
- Close Price
- 10000000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2025-07-17
More Information
Currently Not Used
- Book/Page/Doc #
- 370/378
Showing Requirements
- Showing Instructions
- Call listing agent to arrange and attend all showings.
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
Location, Tax, and Legal
- City/County
- City
- Restrictive Covenants YN
- Yes
- Zoning
- C-1
- Zoning Entity
- Gatlinburg
- Parcel Number
- 126N D 015.00;014.00;013.00
- Tax Lot
- No
- Tax Annual Amount
- 17629
- Tax Year
- 2023
Accessibility Features
- Accessible Entrance
- Yes
Basement
- None
- Yes
Documents Available
- Aerial Photo
- Yes
Levels
- One
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Lock Box Information
- None
- Yes
Lot Features
- City Lot
- Yes
- Corner Lot
- Yes
- Level
- Yes
- Paved
- Yes
Other Structures
- See Remarks
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Electricity Connected
- Yes
- Phone Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Possible Use
- Commercial
- Yes
- Mixed Use
- Yes
- Retail
- Yes
Building Features
- Restrooms
- Yes
Business Type
- Food & Beverage
- Yes
- Retail
- Yes
Showing Considerations
- Occupied
- Yes
- See Remarks
- Yes
Listing Office:
NAI Koella | RM Moore
Last Updated: June - 16 - 2025
Information deemed reliable but not guaranteed.