304 Hemlock Street, Gatlinburg, TN 37738

$1,000,000
Property Type: Commercial Sale Lot Size (sq. ft.): 191,228 Status: Closed
Current Price: $1,000,000 List Date: 7/20/2017 Last Modified: 8/23/2024

Overview

Description

This Smoky Mountains resort city property is offered for sale, fee simple. It consists of 0.6 acres of commercially-zoned land with 340 feet of frontage on the West Prong of the Little Pigeon River, and 3.79 acres of commercially-zoned land directly across a small city street from the riverfront property. The riverfront land is improved with a 1930's-era log cabin which is currently rented. The property is easily accessed from the Parkway (US 441) as one enters the mountain resort city of Gatlinburg from Pigeon Forge. It seems best suited for hotel or resort development. Much of the property is mountainous, so it will require considerable site work. The owner had architectural plans drawn up some years ago for a large resort area hotel property and he will provide these to the new owner. However, all permits and site approval work will be the new owner's responsibility. Some parcels are partially in flood hazard area.

Listing Details MLS# 211167

General Property Information

Number Of Buildings
Yes
Lot Size Acres
4.39
Business Name
None
Bonus Room YN
No
Sign On Property YN
Yes
Number of Bonus Rooms
0

Property Features

Listing Terms: Cash; Conventional; Fee Simple Unimproved Possession: Close Of Escrow Possible Use: Other Road Frontage Type: City Street Road Surface Type: Paved Utilities: Electricity Connected; Sewer Connected; Water Connected Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
304
Street Name
Hemlock
Street Suffix
Street
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Unimproved Land
MLS Area Major
Gatlinburg
Subdivision Name
Smokey Heights

Contract Information

Original List Price
1300000
Listing Contract Date
2017-07-20
Owner Name
Lawson
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 Smoky Mountains resort city property is offered for sale, fee simple. It consists of 0.6 acres of commercially-zoned land with 340 feet of frontage on the West Prong of the Little Pigeon River, and 3.79 acres of commercially-zoned land directly across a small city street from the riverfront property. The riverfront land is improved with a 1930's-era log cabin which is currently rented. The property is easily accessed from the Parkway (US 441) as one enters the mountain resort city of Gatlinburg from Pigeon Forge. It seems best suited for hotel or resort development. Much of the property is mountainous, so it will require considerable site work. The owner had architectural plans drawn up some years ago for a large resort area hotel property and he will provide these to the new owner. However, all permits and site approval work will be the new owner's responsibility. Some parcels are partially in flood hazard area.
Directions
From Pigeon Forge, go south on the Parkway (US 441) to Gatlinburg. Turn right onto Laurel Avenue beside the Rocky Waters Motel. Go across the bridge and immediately turn left onto Hemlock Street. Property starts on the right.

Status Change Information

Major Change Timestamp
2022-10-31T05:37:50Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-31
Purchase Contract Date
2021-12-15
Close Date
2022-10-31
Close Price
1000000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
2972, 809

Showing Requirements

Showing Instructions
Agents: Please do not disturb tenant. Contact listing agent to arrange showings.
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-2
Zoning Entity
Gatlinburg
Parcel Number
126E A 15-30
Tax Lot
6R-20
Tax Annual Amount
2327
Tax Year
2016

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Unimproved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Other
Yes
Listing Office: NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.