170 Glades Road, Gatlinburg, TN 37738
$2,350,000
Property Type:
Commercial Sale
Square Footage:
20,524
Lot Size (sq. ft.):
113,256
Status:
Closed
Current Price:
$2,350,000
List Date:
8/29/2020
Last Modified:
8/22/2024
Description
GREAT INCOME PRODUCING retail center located in the heart of Gatlinburg! The center averages $305k per year! Smoky Mountain Arts and Craft Village currently occupies 25 retail shops with fully executed lease agreements. The center is situated on 2.60 acres, has 5 separate buildings, and has 89 parking spaces. Each well maintained unit has their own restroom, with the center having 2 public restrooms. Get in this turn key cash flow opportunity while it last!
More Information MLS# 229946
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-2
Zoning Entity: Gatlinburg
Tax Lot: -
Tax Annual Amount: 15496
Tax Year: 2018
Contract Information
Owner Name: Price
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
Current Price: $2,350,000
Original List Price: 2750000
Sold Price: $2,350,000
Status: Closed
Listing Contract Date: 2020-08-29
General Property Information
Number Of Buildings: 5
Lot Size Acres: 2.6
Business Name: Smoky Mountain Arts & Cra
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: Yes
List Price/SqFt: 119.37
Sold Price/SqFt: 114.5
Living Area: 20524
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: GREAT INCOME PRODUCING retail center located in the heart of Gatlinburg! The center averages $305k per year! Smoky Mountain Arts and Craft Village currently occupies 25 retail shops with fully executed lease agreements. The center is situated on 2.60 acres, has 5 separate buildings, and has 89 parking spaces. Each well maintained unit has their own restroom, with the center having 2 public restrooms. Get in this turn key cash flow opportunity while it last!
Directions: Coming from downtown Gatlinburg keep right onto East Parkway, go 2.7 miles turn left onto Glades Rd, .03 mile the shopping center will be on the right.
Status Change Information
Status Change Timestamp: 2023-08-31
Buyer Financing: Conventional
Major Change Timestamp: 2023-08-31T16:53:06Z
Major Change Type: Status Change
Price Change Timestamp: 2023-05-13T18:53:05Z
Purchase Contract Date: 2023-05-21
Close Date: 2023-08-31
Close Price: 2350000
Currently Not Used
Book/Page/Doc #: 2185, 700
Construction Materials
Wood Siding: 1
Cooling
Wall Unit(s): 1
Documents Available
Leases: 1
Property Disclosure: 1
Septic Permit: 1
Survey: 1
Exterior Features
Lighting: 1
Heating
Electric: 1
Heat Pump: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Close Of Escrow: 1
Other: 1
Road Frontage Type
City Street: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Tenant Pays
Electricity: 1
Possible Use
Retail: 1
Other: 1
Building Features
Restrooms: 1
Business Type
Retail: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: To schedule showings please call Angela Miller at 865-776-6560. Send OFFERS to Yourhomesoldbyangela@gmail.com. Please submit Pre-Approval/Proof of Funds & Disclosures with offer. SF from tax records or seller; buyer to verify.
See Remarks: 1
Location Tax and Legal
Street Number: 170
Street Name: Glades
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Other
MLS Area Major: Gatlinburg
Subdivision Name: Other
Property Features
Building Features: Restrooms
Business Type: Retail
Construction Materials: Wood Siding
Cooling: Wall Unit(s)
Documents Available: Leases; Property Disclosure; Septic Permit; Survey
Exterior Features: Lighting
Heating: Electric; Heat Pump
Levels: One
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Close Of Escrow; Other
Possible Use: Retail; Other
Road Frontage Type: City Street
Tenant Pays: Electricity
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; See Remarks
Listing Office:
United Real Estate Solutions 6339
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.