446 Parkway Gatlinburg, TN 37738
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.