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    7052 Lamar Alexander Pkwy Townsend, TN 37882

    For Sale
    $1,550,000

    16-Unit Apartment Building, Newly Renovated

    Property size:
    8,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This 16-unit apartment building, known as The Trailblazer, presents a compelling investment opportunity in Townsend, Tennessee. Located at 7052 E Lamar Alexander Pkwy, 37882, this multifamily property boasts 8,940 square feet and is situated just eight minutes from the entrance to Great Smoky Mountains National Park. The property underwent a complete renovation in 2023, featuring brand-new kitchenettes, fixtures, and furniture throughout all 16 units, ensuring a modern and comfortable experience for residents. Exterior improvements include updated landscaping and the addition of fire pits and grills. Built in 1972, the building is zoned B-1, offering flexibility in its operation. Currently configured as an apartment building, it also presents the potential for operation as a motel, capitalizing on a market with limited competition and offering a strong potential for increased net operating income. The asking price is $1,550,000, translating to $173.38 per square foot. This turn-key property offers significant capital expenditure improvements and convenient access to major attractions in the area, including Pigeon Forge and Gatlinburg. The property's prime location near the highly popular national park makes it an attractive investment for both short-term and long-term rental strategies.

    Property Features for 7052 Lamar Alexander Pkwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,940 SF

    Building Details

    Year Built/Renovated
    1972/2023
    Units
    16

    HighLights

    • Extensive capital improvements recently completed.
    • Ready for immediate occupancy.
    • Prime location with easy access to key destinations.
    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
    -83.7896528
    Latitude
    35.6809811

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    FAQs

    What type of property is this?
    Multifamily property - 16-Unit Apartment Building, Newly Renovated
    Where is this multifamily property located?
    The property is located at 7052 Lamar Alexander Pkwy Townsend, TN.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Extensive capital improvements recently completed.; Ready for immediate occupancy.; Prime location with easy access to key destinations.
    Request Owner's contact information
    7052 Lamar Alexander Pkwy Townsend, TN 37882
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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 Lamar Alexander Pkwy Townsend, TN 37882
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