Architectural Landmark Event
7264 E Lamar Alexander Pkwy, Townsend, TN 37882
Meticulously crafted cantilever barn on 1.8 acres in Townsend.
Type:Retail
Property size:
6,488 SFLot size:
1.80 AcresPrice / SF:
$269/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 10:54 pm
Property Features for 7264 E Lamar Alexander Pkwy
General Information
- Standard status
- Active
- Size
- 6,488 SF
- Lot size
- 1.80 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Mary Ellen Kilburn (865) 531-6400
Listing office (865) 531-6400
Listing date Mar 6, 2026
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Mary Ellen Kilburn
HighLights
- Architectural Landmark: A meticulously crafted 6,488 SF cantilever barn, celebrated as a local architectural icon.
- Exceptional Redevelopment Potential: Zoned B‑1, offering flexibility for various concepts to capitalize on Townsend’s growing tourism market.
- Strategic Location: Positioned next to a planned 50+ unit glamping resort, anchoring the area as a destination corridor.
- Turnkey Event Venue: Currently operated as a successful event venue with an established reputation and immediate revenue opportunity.
- Commercial‑Grade Kitchen: Fully equipped, providing immediate potential for restaurant operations or catering services.
- Expansive Grounds: Nearly 1.8 acres featuring award‑winning gardens, outdoor gathering areas, and picturesque mountain views.
Overview
This 6,488 SF cantilever barn is an architectural landmark in Townsend, set on nearly 1.8 acres with award-winning gardens, outdoor gathering areas, and mountain views. A fully equipped commercial-grade kitchen provides potential for restaurant operations or catering services. Zoned B-1, the property allows flexibility for retail, hospitality, or food-and-beverage concepts. It also presents redevelopment opportunities for multi-rental units or boutique lodging to capitalize on Townsend’s tourism market. The property is adjacent to a planned 50+ unit glamping resort, positioning it at the heart of an emerging destination corridor. Currently operated as a successful event venue, it offers an established reputation and immediate revenue opportunity. Townsend, Tennessee, known as the "Peaceful Side of the Smokies", is located at the northwestern entrance of the Great Smoky Mountains National Park. The town's setting along the Little River provides a backdrop for outdoor activities. Townsend serves as a gateway to Cades Cove. The local economy is enriched by businesses that cater to both residents and visitors. The Great Smoky Mountains Heritage Center and the Little River Railroad and Lumber Museum enhance Townsend's appeal.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.11M
NOI $100,244 @ 9.00% cap · cautious / downside scenario
Moderate
$1.43M
NOI $100,244 @ 7.00% cap · market / base-case scenario
Aggressive
$2.00M
NOI $100,244 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.5k | $23.04 |
| − Vacancy | −$6.3k | −$0.97 |
| EGI | $143.2k | $22.07 |
| − OpEx | −$43.0k | −$6.62 |
| NOI | $100.2k | $15.45 |
6,488 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,244 @ 7.0% cap · market cap 5.73%
Second Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $89,030 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,843 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Barn Event Center ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Townsend
- County
- Blount
- State
- Tennessee
- Longitude
- -83.7735
- Latitude
- 35.6787
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Meticulously crafted cantilever barn on 1.8 acres in Townsend.
Where is this wedding venue located?
The property is located at 7264 E Lamar Alexander Pkwy Townsend, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Architectural Landmark: A meticulously crafted 6,488 SF cantilever barn, celebrated as a local architectural icon.; Exceptional Redevelopment Potential: Zoned B‑1, offering flexibility for various concepts to capitalize on Townsend’s growing tourism market.; Strategic Location: Positioned next to a planned 50+ unit glamping resort, anchoring the area as a destination corridor.
