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    4010 Parkway Pigeon Forge, TN 37863

    Sponsored
    For Sale
    $16,500,000

    122-Room Hotel, Convention Center, Expansion Potential

    Property size:
    72,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Pigeon Forge, Tennessee. This fee-simple owned, 122-key Days Inn by Wyndham boasts 72,548 square feet, including a 21,050-square-foot convention center capable of hosting up to 1,000 conference attendees or 800 banquet guests. The three-story hotel features an exterior corridor and amenities such as a heated outdoor pool and hot tub. Situated on a 6-acre lot, the property includes approximately 2 acres of excess land with elevated, unobstructed views, ideal for future expansion or development of a new hotel concept. Built in 1991, the hotel is zoned C-1 and offers unencumbered management. The asking price is $16,500,000, reflecting a price per square foot of $227.44. The property's APN is 094M A 005.02 & 094M A 005.04. This property is owned by Prosper Properties LLC. Note that the owner is also offering a three-hotel portfolio including this property for $44,000,000. This presents a unique chance to acquire a thriving hospitality asset in a prime location with significant upside potential.

    Property Features for 4010 Parkway

    General Information

    Property type
    Hotels
    Square Feet
    72,548 SF
    Lot Size
    261,360 SF

    Building Details

    Year Built
    1991
    Stories
    3

    HighLights

    • Three‑hotel portfolio available for $44,000,000, including this property and two others on Pigeon Forge Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Days Inn by ... Hotel Smoky Mountain Convention ... Convention Center shabbach Non-Profit Organization Mountain Valley Lodge Fraternal Organization Days Inn by ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Nail Salon Auto Parts Store Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.54481855
    Latitude
    35.77655001

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    FAQs

    What type of property is this?
    Hotel - 122-Room Hotel, Convention Center, Expansion Potential
    Where is this hotel located?
    The property is located at 4010 Parkway Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $16,500,000.
    What are key features of this property?
    This property features: Three-hotel portfolio available for $44,000,000, including this property and two others on Pigeon Forge Parkway.; ;
    Request Owner's contact information
    4010 Parkway Pigeon Forge, TN 37863
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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
    4010 Parkway Pigeon Forge, TN 37863
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