2825 Parkway Pigeon Forge, TN 37863
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Americana Inn A Travelodge by Wyndham / Hotel & Motel
Property Details for 2825 Parkway
- Year built
- 1983
- Lot size
- 2.34 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pigeon Forge
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.5687
- Latitude
- 35.8001
