Pigeon Forge, TN 37863 ·
55 Rooms · Hotel & Motel For Sale
55 Unit Complex - Pigeon Forge, TN
|Price||N/A||Property Type||Hotel & Motel|
|No. Rooms||55||Property Sub-type||Full Service|
|Building Size||50,000 SF||Property Use Type||Business For Sale|
|Listing ID: 17741227||Date Created: 07/10/2012||Last Updated: 07/10/2012|
55 UNIT COMPLEX > 515K GROSS ANNUAL INCOME > 1.69MM PRICE > PIGEON FORGE, TENNESSEE
55 efficiency units, 1 bedroom, 1 bath
+ Tenant laundry
+ Commercial laundry for guest services
+ Small commercial kitchen beside indoor pool
PROPERTY IS IN EXCELLENT CONDITION.
Rent is $200 per week per unit with a 3 week minimum, ALL CASH
Average tenant stays 8 weeks. Owner averages 100% occupancy for 40 weeks of the year during peak season. 60% occupancy for 12 weeks of the year during off peak.
Tenant laundry averages $1200+ per month income
Main Strip Pigeon Forge, TN
Main Strip, Pigeon Forge, TN 37863 (Sevier County)
Pigeon Forge Market Trends - Asking price index trends, sale price trends, asking rent trends
Pigeon Forge, TN 37863
For Sale · $6,400,000
48,000 SF Building
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