4010 Parkway, Pigeon Forge, TN 37863
$7,650,000
Property Type:
Commercial Sale
Square Footage:
75,852
Lot Size (sq. ft.):
260,924
Status:
Closed
Current Price:
$7,650,000
List Date:
6/12/2018
Last Modified:
8/23/2024
Description
Ramada Pigeon Forge South and Smoky Mountain Convention Center is a well-maintained, stabilized hospitality property that is convenient to a wide variety of tourist attractions, restaurants, and shops. The hotel offers a variety of amenities and room types, including some with fireplaces, private balconies, and jetted tubs. The fee simple property is improved with a 122-room, 3-story, limited service, exterior corridor hotel, an outdoor pool, and a separate 21,050 sq.ft. convention center. The 5.98-acre site includes about 2 acres of excess land that offers elevated and unobstructed views, and would be ideal for hotel expansion or development of a new hotel concept. The property is located on the south end of the Parkway (US 441) in Pigeon Forge, on the southbound side. It has excellent Parkway visibility and easy access.
More Information MLS# 216946
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-1
Zoning Entity: Pigeon Forge
Tax Lot: 38;3A
Tax Annual Amount: 47881
Tax Year: 2017
Contract Information
Owner Name: Five Hotels, inc.
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: $7,650,000
Original List Price: 8000000
Sold Price: $7,650,000
Status: Closed
Listing Contract Date: 2018-06-12
General Property Information
Number Of Buildings: 2
Lot Size Acres: 5.99
Business Name: Ramada Inn
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 105.47
Sold Price/SqFt: 100.85
Living Area: 75852
Year Built: 1991
Remarks and Miscellaneous
Public Remarks: Ramada Pigeon Forge South and Smoky Mountain Convention Center is a well-maintained, stabilized hospitality property that is convenient to a wide variety of tourist attractions, restaurants, and shops. The hotel offers a variety of amenities and room types, including some with fireplaces, private balconies, and jetted tubs. The fee simple property is improved with a 122-room, 3-story, limited service, exterior corridor hotel, an outdoor pool, and a separate 21,050 sq.ft. convention center. The 5.98-acre site includes about 2 acres of excess land that offers elevated and unobstructed views, and would be ideal for hotel expansion or development of a new hotel concept. The property is located on the south end of the Parkway (US 441) in Pigeon Forge, on the southbound side. It has excellent Parkway visibility and easy access.
Directions: On the Parkway (US 441) in Pigeon Forge headed toward Gatlinburg, the property is on the right, just past Cracker Barrel.
Status Change Information
Status Change Timestamp: 2019-07-09
Buyer Financing: Conventional
Major Change Timestamp: 2019-07-09T05:38:22Z
Major Change Type: Status Change
Purchase Contract Date: 2019-03-14
Close Date: 2019-07-09
Close Price: 7650000
Currently Not Used
Book/Page/Doc #: 1181, 117
Community Features
Sidewalks: 1
Exterior Features
Lighting: 1
Levels
Three Or More: 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
Highway: 1
Road Surface Type
Paved: 1
Utilities
Electricity Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Other: 1
Building Features
Fixtures: 1
Furniture: 1
Reception Area: 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. Owner requires 48 hours notice for showings.
See Remarks: 1
Location Tax and Legal
Street Number: 4010
Street Name: Parkway
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Other
MLS Area Major: Pigeon Forge
Subdivision Name: Other
Property Features
Building Features: Fixtures; Furniture; Reception Area
Business Type: Hotel/Motel
Community Features: Sidewalks
Exterior Features: Lighting
Levels: 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; Highway
Road Surface Type: Paved
Utilities: Electricity Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; Call Listing Agent; See Remarks
Listing Office:
NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.