321/327/32 Airport Road, Gatlinburg, TN 37738
$10,000,000
Property Type:
Commercial Sale
Square Footage:
10,492
Lot Size (sq. ft.):
62,726
Status:
Closed
Current Price:
$10,000,000
List Date:
1/23/2025
Last Modified:
6/16/2025
Description
The Property consists of three contiguous commercially-zoned lots in the commercial tourist area of downtown Gatlinburg, TN. One lot is improved with a restaurant doing business as The Log Cabin Pancake House (built in 1976). A retail building is located immediately adjacent to it (built in 1994), and the remainder of the Property consists of paved parking lots. The total square footage for the two buildings is approximately 10,492 sq.ft. There are numerous flagged and independent hotels and resort lodging properties nearby. The Parkway (US 441) is within a short walking distance.
. Versatile property for various business concepts, including hotel and resort lodging, restaurant
. Close proximity to the Parkway, the city's major traffic corridor
. Established commercial area with strong consumer pedestrian and vehicle traffic
. Restaurant business is not included in sale offering-only the real estate
More Information MLS# 304543
Location, Tax, and Legal
City/County: City
Restrictive Covenants YN: Yes
Zoning: C-1
Zoning Entity: Gatlinburg
Parcel Number: 126N D 015.00;014.00;013.00
Tax Lot: 0
Tax Annual Amount: 17629
Tax Year: 2023
Contract Information
Sold Before Listed: No
Auction YN: No
Owner Name: The Trust Company of Tennessee
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner
Association YN: No
Current Price: $10,000,000
Original List Price: 12750000
Sold Price: $10,000,000
Status: Closed
Listing Contract Date: 2025-01-17
General Property Information
Number Of Buildings: 2
Stories Total: 1
Lot Size Acres: 1.44
Building Area Source: Public Records
Business Name: The Log Cabin Pancake House
Parking Total: 0
Bonus Room YN: No
Sign On Property YN: Yes
Construction Type: Site Built
Waterfront YN: No
List Price/SqFt: 1215.21
Sold Price/SqFt: 953.11
Living Area: 10492
Year Built: 1976
Remarks and Miscellaneous
Public Remarks: The Property consists of three contiguous commercially-zoned lots in the commercial tourist area of downtown Gatlinburg, TN. One lot is improved with a restaurant doing business as The Log Cabin Pancake House (built in 1976). A retail building is located immediately adjacent to it (built in 1994), and the remainder of the Property consists of paved parking lots. The total square footage for the two buildings is approximately 10,492 sq.ft. There are numerous flagged and independent hotels and resort lodging properties nearby. The Parkway (US 441) is within a short walking distance.
. Versatile property for various business concepts, including hotel and resort lodging, restaurant
. Close proximity to the Parkway, the city's major traffic corridor
. Established commercial area with strong consumer pedestrian and vehicle traffic
. Restaurant business is not included in sale offering-only the real estate
Directions: From the Parkway (US 441) in Gatlinburg, turn at Light #8 (Historic Nature Trail/Airport Road). Follow to property on Left.
Status Change Information
Status Change Timestamp: 2025-06-16
Buyer Financing: Conventional
Anticipated Closing Date: 2025-07-17
Major Change Timestamp: 2025-06-16T20:13:40Z
Major Change Type: Status Change
Purchase Contract Date: 2025-03-19
Close Date: 2025-06-16
Close Price: 10000000
Currently Not Used
Book/Page/Doc #: 370/378
Accessibility Features
Accessible Entrance: 1
Basement
None: 1
Documents Available
Aerial Photo: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Lock Box Information
None: 1
Lot Features
City Lot: 1
Corner Lot: 1
Level: 1
Paved: 1
Other Structures
See Remarks: 1
Parking Features
On Site: 1
Paved: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Phone Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Possible Use
Commercial: 1
Mixed Use: 1
Retail: 1
Building Features
Restrooms: 1
Business Type
Food & Beverage: 1
Retail: 1
Showing Considerations
Occupied: 1
See Remarks: 1
Showing Requirements
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Showing Instructions: Call listing agent to arrange and attend all showings.
Location Tax and Legal
Street Number: 321/327/32
Street Name: Airport Road
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Retail
MLS Area Major: Gatlinburg
Subdivision Name: None
Property Features
Accessibility Features: Accessible Entrance
Basement: None
Building Features: Restrooms
Business Type: Food & Beverage; Retail
Documents Available: Aerial Photo
Levels: One
Listing Terms: Cash; Conventional; Fee Simple Improved
Lock Box Information: None
Lot Features: City Lot; Corner Lot; Level; Paved
Other Structures: See Remarks
Parking Features: On Site; Paved
Possession: Negotiable
Possible Use: Commercial; Mixed Use; Retail
Road Frontage Type: City Street
Road Surface Type: Paved
Sewer: Public Sewer
Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied; See Remarks
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Listing Office:
NAI Koella | RM Moore
Last Updated: June - 16 - 2025
Information deemed reliable but not guaranteed.