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Description

This two-story street retail building is offered for sale, fee simple. It is located in a prime location on the Parkway (US 441), with heavy vehicular and pedestrian traffic. It is currently occupied by an upscale wood carvings store. About 60% of the second floor is for public retail use, and the remainder is an efficiency apartment currently used for inventory storage. Fee simple retail property such as this one rarely becomes available for purchase on the Parkway in Gatlinburg, where much of the property has historically been owned or tightly controlled by relatively few individuals or entities. Long-term ground leases are common, and annual rent rates can exceed $70 per square foot. Building price details: $2,600,000.

Property Details

• Type: Retail
• Status: Available
• Year Built: 1990
• Buildings: 1

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