For Sale
$3,750,000

446 Parkway Gatlinburg, TN 37738

Prime Gatlinburg retail storefront, high-growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Class A retail storefront, located at 446 East Parkway in Gatlinburg, Tennessee, presents a compelling investment opportunity. The 21,500 square foot building sits on a 0.49-acre lot (APN: 078126L C 04000) and is zoned C2, allowing for a variety of retail uses. Originally constructed in 1976 and renovated in 1990, this three-story building offers a unique blend of retail and other uses. The property currently includes three retail tenants paying below-market rent, and five office tenants also paying below-market rent. In addition, there are two long-term, beautifully renovated, fully furnished apartment rentals. This prime location in the heart of Gatlinburg offers significant potential for increased revenue through market-rate adjustments and strategic tenant selection. The high volume of tourist traffic and strong local market make this a truly exceptional investment opportunity in a thriving Tennessee community. The property's size and versatile zoning provide ample space for expansion or adaptation to meet evolving market demands. This is a rare chance to acquire a well-established property with significant upside potential in a highly desirable location. Sevier County's robust economy and Gatlinburg's consistent tourism draw make this a strong investment for the future.

Highlights

  • Mixed-use building with two renovated, long-term apartment rentals.
  • Three retail tenants with below-market rents.
  • Five office tenants with below-market rents.
  • Fully furnished, scattered-site apartments.

Property Details for 446 Parkway

Property type
Retail properties, Retail space
Square Feet
21,500 SF
Class
A
Year Built/Renovated
1976/1990
Stories
3
Lot Size (sq. ft)
21,344 SF
Units
1

Location Insight

City
Gatlinburg
County
Sevier
State
Tennessee
Latitude
35.7158213
Longitude
-83.5034415

FAQs

What type of property is this?
Retail property - Prime Gatlinburg retail storefront, high-growth potential.
Where is the retail property located?
The property is located at 446 Parkway Gatlinburg, TN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Mixed-use building with two renovated, long-term apartment rentals.; Three retail tenants with below-market rents.; Five office tenants with below-market rents.
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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446 Parkway
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