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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

446 Parkway Gatlinburg, TN 37738

21,500 SF 0.49 ac lot Built 1976
Property ID
Property summary
AI-generated overview

This exceptional Class A retail storefront, located at 446 East Parkway in Gatlinburg, Tennessee, presents a compelling investment opportunity. The 21,500 square foot building sits on a 0.49-acre lot (APN: 078126L C 04000) and is zoned C2, allowing for a variety of retail uses. Originally constructed in 1976 and renovated in 1990, this three-story building offers a unique blend of retail and other uses. The property currently includes three retail tenants paying below-market rent, and five office tenants also paying below-market rent. In addition, there are two long-term, beautifully renovated, fully furnished apartment rentals. This prime location in the heart of Gatlinburg offers significant potential for increased revenue through market-rate adjustments and strategic tenant selection. The high volume of tourist traffic and strong local market make this a truly exceptional investment opportunity in a thriving Tennessee community. The property's size and versatile zoning provide ample space for expansion or adaptation to meet evolving market demands. This is a rare chance to acquire a well-established property with significant upside potential in a highly desirable location. Sevier County's robust economy and Gatlinburg's consistent tourism draw make this a strong investment for the future.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1976
Total area 21,500 SF
Lot 0.49 ac (21,344 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lugi's Barber Shop Barber Shop
  • Whole Earth Grocery & Cafe Specialty Food Shop
  • Misty Mountain Soap Co. Medical Clinic Skin Care Clinic
  • New Beginnings Photography Wedding Service Photography Service
  • Imagine This Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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