1250 Reedmont Way Sevierville, TN 37876
- Hospitality properties
- 71,048 SF
- 113.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 1250 Reedmont Way
- Year built
- 2024
- Lot size
- 113.00 lot acres
- Property size
- 71,048 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents 25 newly constructed, fully furnished luxury cabins situated in the prestigious Lodges at Reedmont, Sevierville, Tennessee. The property boasts a total of 71,048 square feet across 113 acres, offering a compelling Core+ investment profile. Each cabin is designed for short-term rentals, ensuring immediate revenue generation. The property's strong financial performance is reflected in its projected 12.47% pro-forma cap rate and a pro-forma NOI of $3,242,704. Built in 2024, this turnkey operation provides a seamless transition for the new owner. The asking price is $26,000,000, translating to $365.95 per square foot. The property is offered fee simple, providing complete ownership. Additional cabins, lots, and undeveloped land are also available for acquisition. This is a rare chance to acquire a high-performing, luxury short-term rental portfolio in a prime Sevierville location. Detailed financial information is available upon request. The property is located at 1250 Reedmont Way, Sevierville, TN 37876.
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
- Sevierville
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.5996
- Latitude
- 35.9024
