7052 Lamar Alexander Pkwy Townsend, TN 37882
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16-Unit Apartment Building, Newly Renovated
Property size:
8,940 SFProperty 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
Listing Agency: SVN | Wood Properties Listing Agent: Jon Roosen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Smoky Mountain Lodge
Hotel & Motel
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.
