239 Sycamore Lane, Gatlinburg, TN 37738
$925,000
Property Type:
Commercial Sale
Square Footage:
15,766
Lot Size (sq. ft.):
33,106
Status:
Closed
Current Price:
$925,000
List Date:
4/16/2018
Last Modified:
8/23/2024
Description
Creekside Inn is a 42-room two- and four-story motel property that in recent years has been operated as a weekly residential rental facility. It was formerly a tourist-oriented motel. Some rooms have fireplaces and whirlpool tubs. A noisy, rushing mountain stream winds along the back side of the property, and many of the rooms have balconies facing the stream. While currently operating, the property shows significant deferred maintenance and will require substantial renovation to return it to a competitive use as a tourist-market motel in this tourist market.
More Information MLS# 215671
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-2
Zoning Entity: Gatlinburg
Tax Lot: 9/10
Tax Annual Amount: 10418
Tax Year: 2017
Contract Information
Owner Name: Greenstein
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: $925,000
Original List Price: 1400000
Sold Price: $925,000
Status: Closed
Listing Contract Date: 2018-04-16
General Property Information
Number Of Buildings: 1
Lot Size Dimensions: 247///
Lot Size Acres: 0.76
Business Name: Creekside Inn
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 88.8
Sold Price/SqFt: 58.67
Living Area: 15766
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: Creekside Inn is a 42-room two- and four-story motel property that in recent years has been operated as a weekly residential rental facility. It was formerly a tourist-oriented motel. Some rooms have fireplaces and whirlpool tubs. A noisy, rushing mountain stream winds along the back side of the property, and many of the rooms have balconies facing the stream. While currently operating, the property shows significant deferred maintenance and will require substantial renovation to return it to a competitive use as a tourist-market motel in this tourist market.
Directions: From the Parkway (US 441) in Gatlinburg, turn at Light #3 onto East Parkway (US 321). Go 1/4 mile and turn Left onto Spruce Lane. Go approximately 400 yards to property on Left at corner of Sycamore and Spruce.
Status Change Information
Status Change Timestamp: 2018-09-06
Buyer Financing: Conventional
Major Change Timestamp: 2018-09-06T05:38:16Z
Major Change Type: Status Change
Purchase Contract Date: 2018-06-06
Close Date: 2018-09-06
Close Price: 925000
Currently Not Used
Book/Page/Doc #: 2860, 333
Levels
Three Or More: 1
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Utilities
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Other: 1
Business Type
Hotel/Motel: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Instructions: Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
Location Tax and Legal
Street Number: 239
Street Name: Sycamore
Street Suffix: Lane
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Other
MLS Area Major: Gatlinburg
Subdivision Name: Other
Property Features
Business Type: Hotel/Motel
Levels: Two; 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
Road Surface Type: Paved
Utilities: Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.