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446 E Parkway

21,500 SF 100% Leased Retail Building Gatlinburg, TN 37738 £2,958,750 (£138/SF)

Investment Highlights

  • Mixed use building with two long-term apartment rentals that have been beautifully renovated.
  • Five office tenants paying below market rents.
  • Three solid retailers paying below market rents.
  • Apartment rentals are sprinkled and fully furnished.

Executive Summary

Introducing an exceptional opportunity for retail investors: a prime 21,500 SF building boasting 10 units, located at 446 E Parkway, Gatlinburg, TN. Built in 1976 and tastefully renovated in 1990, this property is ideally zoned C2, offering endless retail potential in the vibrant Gatlinburg area. With its strategic location and versatile space, this property presents a compelling investment opportunity. Whether it's maximizing foot traffic, capitalizing on tourist influx, or tapping into the thriving local market, this property is poised to become the next retail success story.

Attachments

446 E Parkway OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,500 SF
Building Class
B
Year Built
1976
Price
£2,958,750
Price Per SF
£138
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.07
Land Acres
0.46 AC
Zoning
C-2 - General Commercial
Parking
10 Spaces (0.47 Spaces per 1,000 SF Leased)
Frontage
129 ft on E E Parkway

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
126L-C-040.00
Land Assessment
£96,479
Improvements Assessment
£284,797
Total Assessment
£381,276
  • Listing ID: 33362146

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 446 E Parkway, Gatlinburg, TN 37738

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