Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2825 Parkway Pigeon Forge, TN 37863

    For Sale
    $16,500,000

    165-Room Hotel, High Traffic Location

    Property size:
    73,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a fee-simple interest in the Americana, a Travelodge by Wyndham Pigeon Forge. This 4-story, 165-key hotel boasts 73,448 square feet and sits on a 2.34-acre lot in Sevier County, Tennessee, at 2825 Parkway, Pigeon Forge, 37863. Built in 1983, the property is zoned C-2 and features an exterior corridor, an outside pool, a covered terrace, and is pet-friendly. Ten additional rooms have been converted to non-guest use. The hotel benefits from a prime location on a major thoroughfare, experiencing high traffic counts due to its proximity to numerous restaurants, shopping, and entertainment venues within Pigeon Forge, a destination attracting 15 million annual visitors. The asking price is $16,500,000, translating to $224.65 per square foot. This property is part of a larger 350-room portfolio available for $44,000,000, offering potential for significant returns. The property's APN is 083N A 001.02, and ownership is held by Prosper Properties LLC. This is a rare chance to acquire a well-established hotel in a high-demand tourist destination.

    Property Features for 2825 Parkway

    General Information

    Property type
    Hotels
    Square Feet
    73,448 SF
    Lot Size
    101,930 SF

    Building Details

    Year Built
    1983
    Stories
    4

    HighLights

    • Offered: 350‑room hotel portfolio, three Parkway hotels in Pigeon Forge.
    • Asking price: $44,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Americana Inn A Travelodge ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.568658316125
    Latitude
    35.800127336157

    Nearby Similar for Sale

    • $6,450,000
      18,258 SF

      Pigeon Forge Multifamily Investment Opportunity

      Sixteen-unit income-generating portfolio with access to top amenities in Pigeon Forge.
      415 Big Bear Way, Pigeon Forge, TN 37863
      View Details
    • $585,000
      2,644 SF

      Smoky Mountain Duplex Hideaway

      Two-unit duplex in a peaceful, scenic setting near Gatlinburg.
      4238 A & B, Sevierville, TN 37876
      View Details
    • $585,000
      2,644 SF

      Smoky Mountain Duplex Hideaway

      Two-unit duplex near Gatlinburg, Pigeon Forge, and Great Smoky Mountains.
      4238 A & B, Sevierville, TN 37876
      View Details
    • $2,419,000
      9,792 SF

      Turnkey Pigeon Forge Multi-Family Investment

      Six furnished short-term rental units near Pigeon Forge Parkway.
      2661 Valley Heights Dr, Pigeon Forge, TN 37863
      View Details
    • $775,000
      Pending

      Two Cabins on Wooded Acres

      Two cabins on 2.26 acres near Smoky Mountain attractions.
      2001&1989 Penny Way, Sevierville, TN 37862
      View Details
    • $784,900
      2,016 SF

      Updated Cabin Near Dollywood

      Updated 3-bedroom cabin near Dollywood with strong rental performance.
      1550 Bears Den Way, Sevierville, TN 37876
      View Details

    FAQs

    What type of property is this?
    Hotel - 165-Room Hotel, High Traffic Location
    Where is this hotel located?
    The property is located at 2825 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: Offered: 350-room hotel portfolio, three Parkway hotels in Pigeon Forge.; Asking price: $44,000,000.;
    Request Owner's contact information
    2825 Parkway Pigeon Forge, TN 37863
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2825 Parkway
    Pigeon Forge, TN 37863
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2825 Parkway Pigeon Forge, TN 37863
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.