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Investment Highlights

  • Historic cantilever barn that can be used for retail or residential use.
  • Situated on nearly 1.8 acres with award-winning gardens and outdoor space with mountain views.
  • Comprehensive amenities including on-site catering with commercial kitchen.

Executive Summary

Property Overview
A rare opportunity to acquire one of Townsend’s most renowned event venues, this beautifully constructed 6,500 SF cantilever barn blends striking architecture with functional versatility. Purpose-built as an event center, the property features an expansive 4,000 SF upper level with soaring ceilings, exposed wood beams, and an open-span layout ideal for weddings, receptions, and large gatherings.
The 2,500 SF lower level is anchored by a fully equipped commercial kitchen, providing seamless support for catered events or food and beverage operations. The thoughtful design and quality construction create an inviting yet highly adaptable space, ready to continue as a premier event venue or be repositioned for alternative uses.
With its dramatic aesthetic and flexible layout, the property is well-suited for conversion to a restaurant, microbrewery, distillery, outfitter retail concept, or experiential hospitality venue, capitalizing on both local demand and the area’s strong tourism base.
The property is zoned B-1, allowing flexibility for a wide range of retail, hospitality, and food-and-beverage uses. Additionally, it presents a rare opportunity for creative redevelopment, including potential multi-rental units, boutique lodging, or a one-of-a-kind mixed-use concept designed to capture Townsend’s steadily growing tourism market.
Location Overview
Positioned in Townsend—widely known as the “Peaceful Side of the Smokies”—the property benefits from a highly desirable setting that attracts visitors seeking a quieter, more authentic gateway to the mountains.
Located directly on East Lamar Alexander Parkway, one of the primary corridors into Great Smoky Mountains National Park, the site enjoys excellent visibility, accessibility, and consistent traffic flow from both tourists and regional visitors. The park draws 12+ million annual visitors, making this corridor a critical artery for outdoor recreation traffic and tourism-driven commerce.
The property sits just 10 minutes from the national park entrance and approximately 25 minutes from McGhee Tyson Airport, offering convenient access for both destination travelers and local patrons.
Surrounded by a strong mix of hospitality, outdoor recreation, and tourism-oriented businesses, the location is ideal for an operator looking to capture high seasonal traffic, destination events, and daily visitor flow. The site is adjacent to a planned 50+ unit glamping resort, positioning the property at the center of an emerging destination corridor and further enhancing its long-term upside. Its placement along a key route into the Smokies presents a compelling opportunity to reimagine the asset as a flagship food & beverage destination or experiential concept in one of East Tennessee’s most visited regions.
Showing Instructions
Do not disturb current business operations. Property tours are by appointment only—please contact the listing agent to schedule a showing.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,488 SF
Year Built
2005
Price
$1,500,000
Price Per SF
$231.20
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.08
Lot Size
1.80 AC
Zoning
B-1 - The B is designed to support a harmonious blend of commercial, public, semi-public, and residential uses.
Parking
100 Spaces (15.41 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
096-108.00
Land Assessment
$67,640
Improvements Assessment
$164,240
Total Assessment
$231,880
  • Listing ID: 39956827

  • Date on Market: 5/13/2025

  • Last Updated:

  • Address: 7264 E Lamar Alexander Pky, Townsend, TN 37882

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