117 Bishop Ln
Gatlinburg, TN 37738
Kingwood Inn · Hospitality Property For Sale · 23,457 SF

NAI Koella | RM Moore, Inc. is pleased to exclusively offer for sale this prime commercial redevelopment site in downtown Gatlinburg. Formerly operated as the Kingwood Inn, much of the improvements were destroyed by fire in 2016. The burn debris has been removed and the site cleaned up. One 3-story, 18-room building remains and can be returned to usable condition. However, the property is priced as if vacant for redevelopment. There are no financial records available. The main property consists of an area of 0.92-acre. There is an additional 0.32-acre tract that is close to but not contiguous with the main property. These properties are offered as an aggregate, but may be purchased separately as follows; Parcels 005 & 007: $1,000,000; Parcels 002 & 003: $350,000. The property is located adjacent to Arrowmont School of Arts & Crafts and Pi Beta Phi Elementary School. It is a short walking distance to the Parkway, Ripley's Aquarium of the Smokies, and the new Anakeesta Aerial Adventure Park.