Unique Gatlinburg Compound with Income
248 Buckhorn Road, Gatlinburg, TN 37738
COMMERCIAL - Gatlinburg, TN
Property size:
10,640 SFLot size:
1.48 AcresPrice / SF:
$159/SF- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 10:06 am
Property Features for 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
- Size
- 10,640 SF
- Lot size
- 1.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3155
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
Listing agent Katelyn Warren License #367051 (865) 416-2220
Listing office Century 21 Legacy GP 3224 East Parkway, TN (865) 436-7121
Listing date Apr 29, 2026
MLS# 311576
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
- Set on ~1.48 acres in Gatlinburg’s Arts & Crafts Community with Buckhorn Creek running through the property and views of Mt. LeConte.
- 5BR/4.5BA across multiple structures, including an extensively renovated 4BR/3.5BA main residence plus a fully equipped 1BR/1BA penthouse apartment.
- Main residence offers main‑level living with primary bedroom, bathroom, and laundry on the main floor; 10.5‑ft ceilings and double ovens.
- The penthouse apartment is a standalone living space with its own garage, kitchen, laundry, living area, and Mt. LeConte views.
- Compound infrastructure includes Generac whole‑home generator, whole‑property internet system, smart home security cameras, app‑controlled locks, and thermostats.
- Roof systems updated across the property (2020–2024) and multiple HVAC systems; well provides water with public water available at the road.
Overview
Located in Gatlinburg's Arts & Crafts Community, Turtle Hollow Estates is a compound set on approximately 1.48 acres featuring Buckhorn Creek flowing through the land and scenic views of Mt. LeConte. The property is 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 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 located on the main floor. A theater room includes custom leather seating, a billiards table, and a fireplace. The second floor provides a private guest suite with 2 bedrooms and 1 full bath. The apartment functions as a standalone living space with its own garage, kitchen, laundry, and living area, along with views of Mt. LeConte. A garage and shop features a 7500 lb lift, a DeWalt compressor with 3/4'' hard air lines, 200-amp service, multiple HVAC systems, and a loft above, along with a dedicated entertainment area. A studio building offers office space, a 2nd floor loft, and a designated craft/work area. 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 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. The property is currently serviced by a private well, with public water available at the road. Outdoor features include stone and landscaping, rock work, French drainage, a repointed retaining wall, a reinforced pond, fenced areas, mature landscaping, covered pergolas, and a freestanding covered area with fireplace. A private kiln area adds additional creative or functional potential. The property offers versatility for a private estate, multi-generational retreat, creative compound, or income-producing opportunity. An additional adjoining 1.83 acre parcel is also available for purchase. The property is zoned C-3.
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
NOI $150,765 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$1.13M
$987.5K – $1.32M
NOI $79,002 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$4.49M
$3.93M – $5.23M
NOI $314,093 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Location Insight
- Map
- Local Demand
- City
- Gatlinburg
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.428188
- Latitude
- 35.741788
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Versatile Gatlinburg property with multiple structures and income potential.
Where is this wedding venue located?
The property is located at 248 Buckhorn Road Gatlinburg, TN.
What is the asking price?
The asking price for this property is $1,692,000.
What are key features of this property?
This property features: Set on ~1.48 acres in Gatlinburg’s Arts & Crafts Community with Buckhorn Creek running through the property and views of Mt. LeConte.; 5BR/4.5BA across multiple structures, including an extensively renovated 4BR/3.5BA main residence plus a fully equipped 1BR/1BA penthouse apartment.; Main residence offers main‑level living with primary bedroom, bathroom, and laundry on the main floor; 10.5‑ft ceilings and double ovens.
