419 TRENTHAM Lane, 337 REAGAN DRIVE, Gatlinburg, TN 37738
$1,600,000
Property Type:
Commercial Sale
Square Footage:
14,546
Lot Size (sq. ft.):
63,162
Status:
Closed
Current Price:
$1,600,000
List Date:
5/14/2019
Last Modified:
8/23/2024
Description
WANT TO BUY 1.4 ACRE LOT IN DOWNTOWN GATLINBURG? NO LEASE, FEE SIMPLE, HAS RENTAL PROPERTY ON IT (2 APT BUILDINGS) 3 HOUSES (NEEDING WORK) THE RENT IS VERY LOW, SELLERS KEPT IT AT WHAT HER PARENTS DID ONE RENTING FOR 30 YEARS AT LOW PRICE OF LIKE 225. BUT HIGHEST AND BEST USE OF THIS LAND WOULD BE CONDO, MOTEL, TIMESHARE ETC IN MY OPINION. VIEWS ALL AROUND, WALK TO THE PARKWAY... OLDER BUILDING BUT THE LOCATION CAN'T BE BEAT...TWO DIFFERENT ZONING CODES..GREAT OPPORTUNITY..CAN'T BE BEAT..
More Information MLS# 222402
Location, Tax, and Legal
Zip +4: 3364
Street Additional Info: 337 REAGAN DRIVE
Restrictive Covenants YN: No
Zoning: C-2
Zoning Entity: Gatlinburg
Tax Lot: 00
Tax Annual Amount: 2556.8
Tax Year: 2018
Contract Information
Owner Name: DOUGLASS & KING
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 77100
Rental History Year 1: 0
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0
Current Price: $1,600,000
Original List Price: 1799999
Sold Price: $1,600,000
Status: Closed
Listing Contract Date: 2019-05-14
General Property Information
Number Of Buildings: 5
Lot Size Dimensions: 97/441/103/440
Lot Size Acres: 1.45
Business Name: RENTAL PROPERTY
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 123.75
Sold Price/SqFt: 110
Living Area: 14546
Year Built: 1960
Remarks and Miscellaneous
Public Remarks: WANT TO BUY 1.4 ACRE LOT IN DOWNTOWN GATLINBURG? NO LEASE, FEE SIMPLE, HAS RENTAL PROPERTY ON IT (2 APT BUILDINGS) 3 HOUSES (NEEDING WORK) THE RENT IS VERY LOW, SELLERS KEPT IT AT WHAT HER PARENTS DID ONE RENTING FOR 30 YEARS AT LOW PRICE OF LIKE 225. BUT HIGHEST AND BEST USE OF THIS LAND WOULD BE CONDO, MOTEL, TIMESHARE ETC IN MY OPINION. VIEWS ALL AROUND, WALK TO THE PARKWAY... OLDER BUILDING BUT THE LOCATION CAN'T BE BEAT...TWO DIFFERENT ZONING CODES..GREAT OPPORTUNITY..CAN'T BE BEAT..
Directions: ON THE PARKWAY IN GATLINBURG GOING TOWARDS THE DIRECTION OF THE PARK TAKE A LEFT ON REAGAN (KINDA ACROSS FROM GATLINBURG SKYLIGHT) AND SEE PROPERTY ON THE LEFT..APT BUILDING FRONTS REAGAN THEN TURN ONTO TRENTHAM AND IT RUNS ALL THE WAY TO THE STREET AND ALSO INCLUDES THE HOUSE ON THE RIGHT ON REAGAN DRIVE
Status Change Information
Status Change Timestamp: 2019-11-01
Buyer Financing: Conventional
Major Change Timestamp: 2019-11-01T05:38:47Z
Major Change Type: Status Change
Purchase Contract Date: 2019-08-01
Close Date: 2019-11-01
Close Price: 1600000
Currently Not Used
Book/Page/Doc #: 2597, 82
Construction Materials
Wood Siding: 1
Documents Available
Lead Based Paint: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Multi-Family: 1
Business Type
Residential: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: land lays from block to block on one side and front lot on reagan on the smaller lot. again this land highest and best use would be other than apts in my opinion but there are 17 apts bringin in over 6000 month currently..last group of pictures are from old houses and apts. the apts have 3 permanent renters the rest have been a group from sc that use it as vacation home. They are in good shape, bb heat, but very very solid...houses can be rehabed if you just want to start getting income instead of tearing down....this would be perfect for a business that uses a lot of employees to buy this and provide housing...there are two 1 bdr units but the rest are 2 bdr
Location Tax and Legal
Street Number: 419
Street Name: TRENTHAM
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: Residential
Construction Materials: Wood Siding
Documents Available: Lead Based Paint
Levels: Two
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Subject To Tenant Rights
Possible Use: Multi-Family
Road Frontage Type: City Street
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Showing Requirements: Call Listing Agent
Listing Office:
Karen Whitlock Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.