34 Unit Ski Mountain Motel

Hospitality for Sale
Catylist Listing ID: 30359309
Property Subtypes: Chalet, Inn, Motel, Ski & Sun, Vacation Rental(s), Other
Number of Units: 34 Units
Building Size (RSF): 12,819 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $1,500,000
Unit Price: $44,117.65 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Ski Mountain Lodge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/9/2019

Overview / Comments

Goldman Partners Realty LLC is pleased to exclusively offer for sale the Grand Prix Motel. Gatlinburg, the gateway to the Smokies, attracts 11,338,894 visitors who spend $2B per year! This 2-story, 34 room motel is in close proximity to the various attractions that Gatlinburg has to offer. Currently, this motel is operated as a “long term” rental motel.

Property Highlights
• C-2 Commercial Tourist District.
• Half-acre parcel
• Tremendous upside, call for details!
• Walking distance to Ober Gatlinburg ski lift & Anakeesta Adventure Park
• Independent motel with potential for growth.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 137B B 007.00
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Ober Gatlinburg & Gatlinburg Convention Center
Largest Nearby Street: Ski Mountain Rd
Area Description: Located in tourist district of Gatlinburg. Multiple restaurants, music entertainment venues, moonshine distilleries, and recreational opportunities make Gatlinburg a true tourist mecca. Blake Shelton is opening his third Ole Red restaurant, a $9 million investment.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Fair
Year Built: 1965
Roof Type: Gable
Construction/Siding: Wood Siding
Water Recreation: Outdoor Pool
Parking Type: Surface
Internet Access: Cable
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 1,941 9,467
Median Age: 38.79 41.64 45
Households: 706 841 3,908
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.