For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gatlinburg Estate with Income Potential Title is generated by Realmo AI

    238/248 Buckhorn Road, Gatlinburg, TN 37738

    View on Map
    Claim this Listing
    For Sale
    $1,886,000

    COMMERCIAL - Gatlinburg, TN

    Property size:
    10,640 SF
    Lot size:
    3.31 Acres
    Price / SF:
    $177/SF
    Added:
    Apr 29, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 14 at 11:06 am

    Property Features for 238/248 Buckhorn Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-3
    Parking
    10
    Fencing
    Fenced
    Standard status
    Active
    APN
    118 163.01 & 118 161.02
    Size
    10,640 SF
    Lot size
    3.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3634

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Well

    Building Details

    Year built
    2003
    Floors in Building
    2
    Flooring type
    Vinyl
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Katelyn Warren

    Listing agent Katelyn Warren License #367051

    Listing office Century 21 Legacy GP 3224 East Parkway, TN

    Listing date Apr 29, 2026

    MLS# 311577

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 3.31‑acre compound in Gatlinburg’s Arts & Crafts Community adjacent to ~25 acres of hiking trails near the Historic Buckhorn Inn
    • Main residence (4BR/3.5BA) extensively renovated with 10.5‑ft ceilings, double ovens, custom cabinetry and main‑level primary bedroom, bath, and laundry
    • Standalone 1BR/1BA “penthouse” apartment with its own garage, kitchen, laundry, and living area plus Mt. LeConte views
    • Multiple structures for flexible living: private guest suite on 2nd floor, theater room with fireplace, billiards table and scenic views
    • On‑site infrastructure includes Generac whole‑home generator, whole‑property internet system, and smart home integration with security cameras and app‑controlled locks/thermostats
    • Updated property systems: roof updates across the property (2020–2024) and multiple HVAC systems; private well with public water available at the road

    Overview

    Located in Gatlinburg's Arts & Crafts Community, this property, once home to artist Ross Markley, features original works throughout the grounds. Set on approximately 3.31 acres, including an additional adjoining 1.83-acre parcel, the property features Buckhorn Creek flowing through the land and scenic views of Mt. LeConte, while being positioned adjacent to approximately 25 acres of hiking trails near the Historic Buckhorn Inn. The property offers 5 bedrooms and 4.5 bathrooms across multiple structures, including a renovated 4BR/3.5BA main residence and a fully equipped 1BR/1BA ''penthouse'' apartment. The main residence features 10.5-ft ceilings, custom cabinetry, double ovens, and a custom dining table. The primary bedroom, bathroom, and laundry are all located on the main floor. The theater room includes custom leather seating, a billiards table, and a fireplace. The 2nd floor provides a private guest suite with 2 bedrooms and 1 full bath. The ''penthouse'' apartment functions as a standalone living space with its own garage, kitchen, laundry, and living area, along with views of Mt. LeConte. Additional structures include a ''man cave'' garage and shop with a 7500 lb lift, DeWalt compressor with 3/4'' hard air lines, 200-amp service, multiple HVAC systems, and a spacious loft above, along with a dedicated entertainment area. The ''studio'' building offers office space, a 2nd floor loft, and a designated craft/work area, while the ''greenhouse'' serves as a separate artist studio and reading room with HVAC. Infrastructure includes roof systems updated across the property (2020-2024), multiple HVAC systems across all structures, a Generac whole-home generator servicing the main residence and well, a whole-property internet system, and smart home integration with security cameras, app-controlled locks, and thermostats. Outdoor features include stone and landscaping, rock work, French drainage, a repointed retaining wall, reinforced pond, fenced areas, mature landscaping, covered pergolas, and a freestanding Sunsetter covered area with fireplace. A private kiln area adds additional creative or functional potential. The additional adjoining 1.83-acre parcel offers the potential to build a new home, business, or investment property. The property is currently serviced by a private well, with public water available at the road.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $245.1k $23.04
    − Vacancy −$44.1k −$4.15
    EGI $201.0k $18.89
    − OpEx −$50.3k −$4.72
    NOI $150.8k $14.17
    10,640 SF · lease $23.04/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.15M
    $1.88M – $2.51M (±1% cap)
    NOI $150,765 @ 7.0% cap · market cap 7.99%
    Second Best
    Apartment 5plus
    $1.13M
    $987.5K – $1.32M (±1% cap)
    NOI $79,002 @ 7.0% cap · market cap 4.19%
    Theoretical Best
    Office A
    $4.49M
    $3.93M – $5.23M (±1% cap)
    NOI $314,093 @ 7.0% cap · market cap 16.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Cafe & Coffee Shop Shopping Center & Mall Bed & Breakfast Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gatlinburg
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.428324
    Latitude
    35.741569

    FAQs

    What type of property is this?
    Wedding venue - Unique Gatlinburg estate on 3.31 acres with income potential.
    Where is this wedding venue located?
    The property is located at 238/248 Buckhorn Road Gatlinburg, TN.
    What is the asking price?
    The asking price for this property is $1,886,000.
    What are key features of this property?
    This property features: Approx. 3.31‑acre compound in Gatlinburg’s Arts & Crafts Community adjacent to ~25 acres of hiking trails near the Historic Buckhorn Inn; Main residence (4BR/3.5BA) extensively renovated with 10.5‑ft ceilings, double ovens, custom cabinetry and main‑level primary bedroom, bath, and laundry; Standalone 1BR/1BA “penthouse” apartment with its own garage, kitchen, laundry, and living area plus Mt. LeConte views
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message