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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

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.
More about this property
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