realty-smokies

421 Reagan Lane, Gatlinburg, TN 37738

$1,500,000
Property Type: Commercial Sale Status: Closed
Current Price: $1,500,000 List Date: 9/27/2013 Last Modified: 8/23/2024

Overview

Description

Interior Corridor Motel with Indoor Pool and Luxury Suite on Top. 81 Rooms with Elevator

Listing Details MLS# 190621

General Property Information

Number Of Buildings
Yes
Business Name
Part of Four Seasons
Year Built
1978
Bonus Room YN
No
Sign On Property YN
No
Lot Size Acres
0
Number of Bonus Rooms
0

Property Features

Basement: Full; Walk-Out Access Business Type: Hotel/Motel Construction Materials: Block; Masonry; Steel Frame; Stone Cooling: Wall Unit(s) Heating: Wall Furnace Levels: Three Or More Listing Terms: Cash; Conventional; Fee Simple Improved Possession: Close Of Escrow Possible Use: Other Road Frontage Type: City Street Road Surface Type: Paved Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected

Location Tax and Legal

Street Number
421
Street Name
Reagan
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
1750000
Listing Contract Date
2013-09-27
Owner Name
of Record
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
Interior Corridor Motel with Indoor Pool and Luxury Suite on Top. 81 Rooms with Elevator
Directions
441 in Gatlinburg to traffic light #7 onto Reagan Drive to 1st street left on Reagan lane to property on Left

Status Change Information

Major Change Timestamp
2014-05-27T05:35:52Z
Major Change Type
Status Change
Status Change Timestamp
2014-05-27
Purchase Contract Date
2013-09-27
Close Date
2014-05-27
Close Price
1500000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
1286, 76

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-1
Zoning Entity
Gatlinburg
Tax Lot
51/52
Tax Annual Amount
0
Tax Year
0

Basement

Full
Yes
Walk-Out Access
Yes

Construction Materials

Block
Yes
Masonry
Yes
Steel Frame
Yes
Stone
Yes

Cooling

Wall Unit(s)
Yes

Heating

Wall Furnace
Yes

Levels

Three Or More
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
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

Business Type

Hotel/Motel
Yes
Listing Office: GATLINBURG REAL EST & REN
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.