1250 Reedmont WaySevierville, TN 37876
For Sale
$26,000,000
25 Luxury Cabins, High ROI, Tennessee
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- $26,000,000 asking price for a Core+ investment opportunity.
- 71,048 square feet of hospitality space, including 25 newly constructed luxury cabins.
- $365.95 price per square foot.
- 12.47% pro-forma capitalization rate, generating $3,242,704 in pro-forma net operating income (NOI).
- Located on 113 acres in Sevierville, Tennessee, at 1250 Reedmont Way, 37876.
- Fee simple ownership with 25 buildings, each a short-term rental cabin.
Property Details for 1250 Reedmont Way
- Property type
- Hospitality properties, Hotels
- Square Feet
- 71,048 SF
- Year Built
- 2024
- Buildings
- 25
- Lot Size (sq. ft)
- 4,922,280 SF
Location Insight
- City
- Sevierville
- County
- Sevier
- State
- Tennessee
- Latitude
- 35.902358433764
- Longitude
- -83.599645631049
1250 Reedmont Way, Sevierville, Tennessee
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FAQs
- What type of property is this?
- Hospitality property - 25 Luxury Cabins, High ROI, Tennessee
- Where is the hospitality property located?
- The property is located at 1250 Reedmont Way Sevierville, TN.
- What is the asking price?
- The asking price for this property is $26,000,000.
- What are key features of this property?
- This property features: $26,000,000 asking price for a Core+ investment opportunity.; 71,048 square feet of hospitality space, including 25 newly constructed luxury cabins.; $365.95 price per square foot.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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