7052 Lamar Alexander PkwyTownsend, TN 37882

Property Details for 7052 Lamar Alexander Pkwy

Year built

1950

Lot size

2.00 AC

Property size (Sq ft)

1,800 SF

Zone code

B-1

Property type

Commercial real estate

APN

005095 01501

APU

509501501

Description

This 16-unit apartment building, known as The Trailblazer, presents a compelling investment opportunity in Townsend, Tennessee. Located at 7052 E Lamar Alexander Pkwy, 37882, this multifamily property boasts 8,940 square feet and is situated just eight minutes from the entrance to Great Smoky Mountains National Park. The property underwent a complete renovation in 2023, featuring brand-new kitchenettes, fixtures, and furniture throughout all 16 units, ensuring a modern and comfortable experience for residents. Exterior improvements include updated landscaping and the addition of fire pits and grills. Built in 1972, the building is zoned B-1, offering flexibility in its operation. Currently configured as an apartment building, it also presents the potential for operation as a motel, capitalizing on a market with limited competition and offering a strong potential for increased net operating income. The asking price is $1,550,000, translating to $173.38 per square foot. This turn-key property offers significant capital expenditure improvements and convenient access to major attractions in the area, including Pigeon Forge and Gatlinburg. The property's prime location near the highly popular national park makes it an attractive investment for both short-term and long-term rental strategies.

Location Insight

City

Townsend

County

Blount

State

Tennessee

Latitude

35.6813

Longitude

-83.7893

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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