117 Bishop Ln, Gatlinburg, TN 37738
Commercial property for lease
- Description
- NAI Koella | RM Moore, Inc. is pleased to exclusively offer for sale this prime commercial redevelopment site in downtown Gatlinburg. Formerly operated as the Kingwood Inn, much of the improvements were destroyed by fire in 2016. The burn debris has been removed and the site cleaned up. One 3-story, 18-room building remains and can be returned to usable condition. However, the property is priced as if vacant for redevelopment. There are no financial operating records available. The property is located adjacent to Arrowmont School of Arts & Crafts and Pi Beta Elementary School. It is a short walking distance to the Parkway, Ripley's Aquarium of the Smokies, and the new Anakeesta Aerial Adventure Park. The main property consists of an area of 0.92-acre. There is an additional 0.34-acre tract of 3 lots that is close to but not contiguous with the main property. These properties are offered as an aggregate, but may be purchased separated as follows: Parcels 005 & 007: $1,000,000; Parcels 002 & 003: $350,000. Building price details: $1,350,000.
- Exterior Features
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Parking Type: Surface - Contact info
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David L. GothardNAI Koella | RM Moore
- Note
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- Property Details
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Building Name: Kingwood Inn Property Type: Commercial (Other) Status: Available Lot Size: 1.260 Acres Number of Stories: 3 Year Built: 1978 Submarket: Motel MSA: Sevierville Zoning: C-2 Buildings: 1 Terms: Cash to Seller Added: 12/18/2017