4010 Parkway, Pigeon Forge, TN 37863
$7,650,000
Property Type:
Commercial Sale
Square Footage:
75,852
Lot Size (sq. ft.):
260,924
Status:
Closed
Current Price:
$7,650,000
List Date:
6/12/2018
Last Modified:
8/23/2024
Overview
Description
Ramada Pigeon Forge South and Smoky Mountain Convention Center is a well-maintained, stabilized hospitality property that is convenient to a wide variety of tourist attractions, restaurants, and shops. The hotel offers a variety of amenities and room types, including some with fireplaces, private balconies, and jetted tubs. The fee simple property is improved with a 122-room, 3-story, limited service, exterior corridor hotel, an outdoor pool, and a separate 21,050 sq.ft. convention center. The 5.98-acre site includes about 2 acres of excess land that offers elevated and unobstructed views, and would be ideal for hotel expansion or development of a new hotel concept. The property is located on the south end of the Parkway (US 441) in Pigeon Forge, on the southbound side. It has excellent Parkway visibility and easy access.
Listing Details MLS# 216946
General Property Information
- Number Of Buildings
- 2
- Lot Size Acres
- 5.99
- Living Area
- 75852
- Business Name
- Ramada Inn
- Year Built
- 1991
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 105.47
- Sold Price/SqFt
- 100.85
- Number of Bonus Rooms
- 0
Property Features
Building Features:
Fixtures; Furniture; Reception Area
Business Type:
Hotel/Motel
Community Features:
Sidewalks
Exterior Features:
Lighting
Levels:
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; Highway
Road Surface Type:
Paved
Utilities:
Electricity Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; Call Listing Agent; See Remarks
Location Tax and Legal
- Street Number
- 4010
- Street Name
- Parkway
- County
- Sevier
- State
- TN
- Zip Code
- 37863
- Property Sub Type
- Other
- MLS Area Major
- Pigeon Forge
- Subdivision Name
- Other
Contract Information
- Original List Price
- 8000000
- Listing Contract Date
- 2018-06-12
- Owner Name
- Five Hotels, inc.
- 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
- Ramada Pigeon Forge South and Smoky Mountain Convention Center is a well-maintained, stabilized hospitality property that is convenient to a wide variety of tourist attractions, restaurants, and shops. The hotel offers a variety of amenities and room types, including some with fireplaces, private balconies, and jetted tubs. The fee simple property is improved with a 122-room, 3-story, limited service, exterior corridor hotel, an outdoor pool, and a separate 21,050 sq.ft. convention center. The 5.98-acre site includes about 2 acres of excess land that offers elevated and unobstructed views, and would be ideal for hotel expansion or development of a new hotel concept. The property is located on the south end of the Parkway (US 441) in Pigeon Forge, on the southbound side. It has excellent Parkway visibility and easy access.
- Directions
- On the Parkway (US 441) in Pigeon Forge headed toward Gatlinburg, the property is on the right, just past Cracker Barrel.
Status Change Information
- Major Change Timestamp
- 2019-07-09T05:38:22Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2019-07-09
- Purchase Contract Date
- 2019-03-14
- Close Date
- 2019-07-09
- Close Price
- 7650000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 1181, 117
Showing Requirements
- Showing Instructions
- Agents: Please do not disturb business operations. Contact listing agent to arrange showings. Owner requires 48 hours notice for showings.
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- See Remarks
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- C-1
- Zoning Entity
- Pigeon Forge
- Tax Lot
- 38;3A
- Tax Annual Amount
- 47881
- Tax Year
- 2017
Community Features
- Sidewalks
- Yes
Exterior Features
- Lighting
- Yes
Levels
- Three Or More
- 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
- Highway
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Electricity Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Other
- Yes
Building Features
- Fixtures
- Yes
- Furniture
- Yes
- 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.