2162 Parkway Pigeon Forge, TN 37863
- Hospitality properties
- 32,937 SF
- 1.43 lot acres
Current Use by Public Records
- Howard Johnson by Wyndham Pigeon Forge / Hotel / Inn
Property Details for 2162 Parkway
- Year built
- 1971
- Lot size
- 1.43 lot acres
- Property size
- 32,937 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents a fee-simple interest in a 3-story, 63-unit limited-service hotel, the Howard Johnson by Wyndham Pigeon Forge. Located at 2162 Parkway, Pigeon Forge, TN 37863, this property boasts a prime location on a major thoroughfare, benefiting from the high traffic volume of Sevier County's 15 million annual visitors. The 32,937 square foot hotel, built in 1971, sits on a 1.43-acre lot and is zoned C-2. Amenities include an enclosed pool, an outdoor pool and play area, a picnic pavilion, a fitness room, and a meeting room with an attached kitchen. The property features 63 keys and is offered at $8,000,000, representing a price per square foot of $242.89. The property's APN is 072 115.00 and is owned by Prosper Properties LLC. Note that the owner is also offering a portfolio sale including two additional Parkway hotels for a total of 350 rooms and a combined price of $44,000,000. This presents a unique opportunity for investors seeking a strong foothold in the thriving Pigeon Forge hospitality market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pigeon Forge
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.5783
- Latitude
- 35.8185
