426 Ski Mountain Road, Gatlinburg, TN 37738
$1,500,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
84,071
Status:
Closed
Current Price:
$1,500,000
List Date:
5/06/2020
Last Modified:
8/23/2024
Description
This 1.93-acre development tract was the former site of the Ski Mountain Motel before it was destroyed by wildfires in 2016. Located a short distance from River Road, the Parkway (US 441), and downtown attractions, restaurants, and shops, this is an outstanding site for a new hotel.
More Information MLS# 228123
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-2
Zoning Entity: Gatlinburg
Parcel Number: 137B 010.00 & 013.00
Tax Lot: 00
Tax Annual Amount: 3216
Tax Year: 2019
Contract Information
Owner Name: Foreclosed Assets Sales
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: $1,500,000
Original List Price: 1900000
Sold Price: $1,500,000
Status: Closed
Listing Contract Date: 2020-05-06
General Property Information
Number Of Buildings: 0
Lot Size Dimensions: 165///
Lot Size Acres: 1.93
Business Name: N/A
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: Yes
Remarks and Miscellaneous
Public Remarks: This 1.93-acre development tract was the former site of the Ski Mountain Motel before it was destroyed by wildfires in 2016. Located a short distance from River Road, the Parkway (US 441), and downtown attractions, restaurants, and shops, this is an outstanding site for a new hotel.
Directions: From the Parkway (US 441) in Gatlinburg, turn at Light #10 onto Ski Mountain Road. Go 0.2 miles to property on the right.
Status Change Information
Status Change Timestamp: 2021-07-06
Buyer Financing: Conventional
Major Change Timestamp: 2021-07-06T05:39:09Z
Major Change Type: Status Change
Purchase Contract Date: 2021-03-06
Close Date: 2021-07-06
Close Price: 1500000
Currently Not Used
Book/Page/Doc #: 5442, 583
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Unimproved: 1
Parking Features
On Site: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Special Listing Conditions
In Foreclosure: 1
Utilities
Electricity Connected: 1
Sewer Available: 1
Water Available: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Multi-Family: 1
Office: 1
Other: 1
Showing Requirements
Call Listing Agent: 1
Show Any Time: 1
Location Tax and Legal
Street Number: 426
Street Name: Ski Mountain
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Unimproved Land
MLS Area Major: Gatlinburg
Subdivision Name: Other
Property Features
Listing Terms: Cash; Conventional; Fee Simple Unimproved
Parking Features: On Site
Possession: Close Of Escrow
Possible Use: Multi-Family; Office; Other
Road Frontage Type: City Street
Road Surface Type: Paved
Special Listing Conditions: In Foreclosure
Utilities: Electricity Connected; Sewer Available; Water Available
Showing Requirements: Call Listing Agent; Show Any Time
Listing Office:
NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.