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    7052 E Lamar Alexander Pkwy Townsend, TN 37882

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    For Sale
    $1,375,000

    16-unit multifamily property near Great Smoky Mountains National Park.

    Property size:
    8,940 SF

    Property Features for 7052 E Lamar Alexander Pkwy

    General Information

    Size
    8,940 SF

    Building Details

    Year built
    1972

    Source: Sheev Patel Agent Sheev Patel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Townsend Multifamily Investment Opportunity

    This 16-unit investment property is centrally located in Townsend, Tennessee, approximately 8 minutes from the entrance of the Great Smoky Mountain National Park. The property is also near Pigeon Forge and Gatlinburg, offering convenient access to various attractions and activities. The property has been recently renovated and features new kitchenettes, fixtures, and furniture. Exterior updates include the facade and landscaping, with the addition of firepit areas and grills. The property, totaling 8,940 square feet, could also be operated as a motel, capitalizing on a market with limited competition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smoky Mountain Lodge Lodge

    Suggested Use

    Restaurant Realty agency Wholesale Shop Hotel & Motel Kitchen & Bath Furniture Store Cafe & Coffee Shop Travel Agency Bed & Breakfast Seafood Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Townsend
    County
    Blount
    State
    Tennessee
    Longitude
    -83.7890116
    Latitude
    35.6816168

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property near Great Smoky Mountains National Park.
    Where is this apartment building located?
    The property is located at 7052 E Lamar Alexander Pkwy Townsend, TN.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Located just 8 minutes from the Great Smoky Mountains National Park entrance.; - Turn-key property with recent renovations including **new kitchenettes, fixtures, and furniture**.; - Significant Capex improvements have been made.
    (865) 307-2398
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7052 E Lamar Alexander Pkwy Townsend, TN 37882
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