945 East Parkway, Parcel 032.00, Newman Road, Gatlinburg, TN 37738 (MLS# 215685)

945 East Parkway, Parcel 032.00, Newman Road, Gatlinburg, TN 37738

$750,000
Property Type: Commercial Sale Lot Size (sq. ft.): 86,249 Status: Closed
Current Price: $750,000 List Date: 4/16/2018 Last Modified: 8/23/2024

Overview

Description

This property is the site of the former Traveler's Motel, and the tract across the street, most of which was destroyed by the 2016 Gatlinburg wildfires. One 13-unit building located on a separate tract across the highway is separately offered for sale. This property consists of about 1.98 acres accessed by a sloping driveway. The level portion of the tract is situated above the highway and affords mountains views. It is suitable for general commercial or mutli-family uses, and perhaps for a small hotel. Clean-up of the site is anticipated in the near future.

Listing Details MLS# 215685

General Property Information

Lot Size Dimensions
490/345//
Lot Size Acres
1.98
Business Name
None
Bonus Room YN
No
Sign On Property YN
No
Number Of Buildings
0
Number of Bonus Rooms
0

Property Features

Listing Terms: Cash; Conventional; Fee Simple Unimproved Possession: Close Of Escrow Possible Use: Multi-Family; Retail; Other Road Frontage Type: City Street Road Surface Type: Paved Utilities: Sewer Available; Water Available Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
945
Street Name
East
Street Suffix
Parkway
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Unimproved Land
MLS Area Major
Gatlinburg
Subdivision Name
Other

Contract Information

Original List Price
440000
Listing Contract Date
2018-04-16
Owner Name
Greenstein
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

Remarks and Miscellaneous

Public Remarks
This property is the site of the former Traveler's Motel, and the tract across the street, most of which was destroyed by the 2016 Gatlinburg wildfires. One 13-unit building located on a separate tract across the highway is separately offered for sale. This property consists of about 1.98 acres accessed by a sloping driveway. The level portion of the tract is situated above the highway and affords mountains views. It is suitable for general commercial or mutli-family uses, and perhaps for a small hotel. Clean-up of the site is anticipated in the near future.
Directions
From the Parkway (US 441) in Gatlinburg, turn at Light #3 onto Hwy 321 (East Parkway). Go 1.4 miles to property on the Left at intersection of East Parkway and Newman Road.

Status Change Information

Major Change Timestamp
2019-02-01T11:00:00Z
Major Change Type
Price Change
Price Change Timestamp
2019-02-01T11:00:00Z
Status Change Timestamp
2019-02-01
Purchase Contract Date
2019-01-04
Close Date
2019-02-01
Close Price
750000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
2145, 151

Location, Tax, and Legal

Street Additional Info
Parcel 032.00, Newman Road
Restrictive Covenants YN
Yes
Zoning
C-2
Zoning Entity
Gatlinburg
Tax Lot
00
Tax Annual Amount
3710
Tax Year
2017

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Unimproved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Multi-Family
Yes
Retail
Yes
Other
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.
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