402 Parkway

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402 Parkway

Gatlinburg, TN 37738
Asking Price
$8.75M
Asset Type
Motel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 402 Parkway in Gatlinburg
  • Motel property priced at 8,750,000 dollars for sale
  • Walking distance to the central downtown Gatlinburg district
  • Strategic location within a major regional tourism hub
  • Property situated near the Great Smoky Mountains entrance

What's Special

This hospitality asset functions as a motel located at 402 Parkway in Gatlinburg, Tennessee. Positioned within a short walking distance of the downtown area, the property benefits from the high visitor traffic characteristic of this gateway city to the Great Smoky Mountains National Park. The region sustains a robust tourism economy, drawing millions of annual visitors who support local commerce and lodging demand. A motel in this primary thoroughfare location provides immediate access to regional attractions, retail corridors, and dining venues popular with vacationers and tourists. The current market environment in Gatlinburg remains consistent with steady demand for hospitality lodging. Investors often evaluate properties in this sector based on proximity to major tourist hubs and ease of guest accessibility. This site offers functionality for an owner-operator or an investment firm looking to capture consistent occupancy through its strategic placement along the main Parkway strip.

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NOI
$80,000
Cap Rate
0.91%
DSCR
0.15
Underwater
Cash-on-Cash
-16.74%
Monthly Payment
$43,290.226
Annual Cash Flow
$-439,482.71

Location & Travel Times