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208 Woliss Lane, Gatlinburg, TN 37738

  • $1,390,000

  • MLS#: 201456

Listing Presented By

Sperry Van Ness/R M Moore, LLC
(865) 453-8111

Fee Simple Improved - Gatlinburg, TN

Sperry Van Ness/R.M.Moore, LLC and Goldman Partners Realty, LLC are pleased to exclusively offer for sale the Economy Inn & Suites in the mountain resort city of Gatlinburg, TN. This independent motel is located within walking distance of the Parkway (US 441) in downtown Gatlinburg. The 0.68-acre tract is offered fee simple and is improved with a 33-room economy exterior corridor motel, owner's/manager's 2 BD/2BA apartment, separate continental breakfast building, an outdoor pool, and a large basement with on-site laundry, laundry prep, maintenance shop, and storage rooms. The owner purchased the property in October, 2014 and then completed a near total renovation in late Spring, 2015. Therefore, a full-year stabilized profit and loss statement is unavailable. There have been several nearby sales of comparable motels in the past two years, and financial statements for two of those properties have been used to prepare a proforma financial analysis for this property.

  • $1,390,000
  • Commercial
  • MLS#: 201456
  • Square Footage: 14,267
  • Built In: 1964
  • Last Updated: June 7, 2016
  • Posted: February 25, 2016

208 Woliss Lane, Gatlinburg, TN 37738 MLS#: 201456

208 Woliss Lane, Gatlinburg, TN 37738 is an , Commercial in Gatlinburg, Tennessee for $1,390,000 with MLS#: 201456 and offered by DAVID GOTHARD of Sperry Van Ness/R M Moore, LLC. To learn more about 208 Woliss Lane, Gatlinburg, TN 37738 contact DAVID GOTHARD for more information or to request a showing.

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