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446 E Parkway

21,500 SF 85% Leased Office Building Gatlinburg, TN 37738 $3,750,000 ($174/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
Office
Property Subtype
Office
Building Size
21,500 SF
Building Class
B
Year Built
1976
Price
$3,750,000
Price Per SF
$174
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,167 SF
Building FAR
1.07
Lot Size
0.46 AC
Zoning
C-2 - General Commercial
Parking
10 Spaces (0.47 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 3,200 SF
  • Office
  • -
  • Now

Space is 3,200sf suitable for office, warehouse, manufacturing and storage. Excellent sought out location 1 mile from the heart of Gatlinburg.

Space Size Space Use Condition Available
2nd Floor 3,200 SF Office - Now

2nd Floor

Size
3,200 SF
Space Use
Office
Condition
-
Available
Now

2nd Floor

Size 3,200 SF
Space Use Office
Condition -
Available Now

Space is 3,200sf suitable for office, warehouse, manufacturing and storage. Excellent sought out location 1 mile from the heart of Gatlinburg.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
126L-C-040.00
Land Assessment
$122,280
Improvements Assessment
$360,960
Total Assessment
$483,240
  • Listing ID: 33362146

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 446 E Parkway, Gatlinburg, TN 37738

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