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
Overview
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..
Listing Details MLS# 222402
General Property Information
- Number Of Buildings
- 5
- Lot Size Dimensions
- 97/441/103/440
- Lot Size Acres
- 1.45
- Living Area
- 14546
- Business Name
- RENTAL PROPERTY
- Year Built
- 1960
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 123.75
- Sold Price/SqFt
- 110
- Number of Bonus Rooms
- 0
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
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
Contract Information
- Original List Price
- 1799999
- Listing Contract Date
- 2019-05-14
- 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
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
- Major Change Timestamp
- 2019-11-01T05:38:47Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2019-11-01
- Purchase Contract Date
- 2019-08-01
- Close Date
- 2019-11-01
- Close Price
- 1600000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 2597, 82
Showing Requirements
- 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
- Call Listing Agent
- Yes
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
Construction Materials
- Wood Siding
- Yes
Documents Available
- Lead Based Paint
- Yes
Levels
- Two
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Subject To Tenant Rights
- Yes
Road Frontage Type
- City Street
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Income and Expenses
- Maintenance Expense
- 0
Possible Use
- Multi-Family
- Yes
Business Type
- Residential
- Yes
Listing Office:
Karen Whitlock Realty
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.