realty-smokies

426 Ski Mountain Road, Gatlinburg, TN 37738

$1,500,000
Property Type: Commercial Sale Lot Size (sq. ft.): 84,071 Status: Closed
Current Price: $1,500,000 List Date: 5/06/2020 Last Modified: 8/23/2024

Overview

Description

This 1.93-acre development tract was the former site of the Ski Mountain Motel before it was destroyed by wildfires in 2016. Located a short distance from River Road, the Parkway (US 441), and downtown attractions, restaurants, and shops, this is an outstanding site for a new hotel.

Listing Details MLS# 228123

General Property Information

Lot Size Dimensions
165///
Lot Size Acres
1.93
Business Name
N/A
Bonus Room YN
No
Sign On Property YN
Yes
Number Of Buildings
0
Number of Bonus Rooms
0

Property Features

Listing Terms: Cash; Conventional; Fee Simple Unimproved Parking Features: On Site Possession: Close Of Escrow Possible Use: Multi-Family; Office; Other Road Frontage Type: City Street Road Surface Type: Paved Special Listing Conditions: In Foreclosure Utilities: Electricity Connected; Sewer Available; Water Available Showing Requirements: Call Listing Agent; Show Any Time

Location Tax and Legal

Street Number
426
Street Name
Ski Mountain
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Unimproved Land
MLS Area Major
Gatlinburg
Subdivision Name
Other

Contract Information

Original List Price
1900000
Listing Contract Date
2020-05-06
Owner Name
Foreclosed Assets Sales
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
This 1.93-acre development tract was the former site of the Ski Mountain Motel before it was destroyed by wildfires in 2016. Located a short distance from River Road, the Parkway (US 441), and downtown attractions, restaurants, and shops, this is an outstanding site for a new hotel.
Directions
From the Parkway (US 441) in Gatlinburg, turn at Light #10 onto Ski Mountain Road. Go 0.2 miles to property on the right.

Status Change Information

Major Change Timestamp
2021-07-06T05:39:09Z
Major Change Type
Status Change
Status Change Timestamp
2021-07-06
Purchase Contract Date
2021-03-06
Close Date
2021-07-06
Close Price
1500000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
5442, 583

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-2
Zoning Entity
Gatlinburg
Parcel Number
137B 010.00 & 013.00
Tax Lot
00
Tax Annual Amount
3216
Tax Year
2019

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Unimproved
Yes

Parking Features

On Site
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Special Listing Conditions

In Foreclosure
Yes

Utilities

Electricity Connected
Yes
Sewer Available
Yes
Water Available
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Multi-Family
Yes
Office
Yes
Other
Yes

Showing Requirements

Call Listing Agent
Yes
Show Any Time
Yes
Listing Office: NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.