See Home Value
Gatlinburg 37738
411 Reagan Ln
$1,302,753*
Commercial - Off Market

411 Reagan Ln

Gatlinburg, TN 37738
bedrooms
Studio
bathrooms
0 Bath
square feet
16974 Sqft
$801,000 - $979,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Downtown Gatlinburg - 17,000 SF Prime Mixed-Use Building For Sale!  This is your chance to own a prime piece of downtown Gatlinburg property.  Although this building is set a block back from the main drag, it's ideally positioned for maximum exposure being in direct view of every person riding down the Gatlinburg SkyLift from atop SkyLift Park and Gatlinburg's Skybridge, which is simply the most spectacular and awe-inspiring experience in the Smokies.     Just a short walking distance to the famed Gatlinburg Strip, across from the Gatlinburg Convention Center, right next to the Space Needle and just behind Ripley's Believe it or Not. Formerly used as a restaurant and theater, this property offers a large open floor plan for easy conversion into almost any venture or attraction.   The existing building needs a bit of TLC such as a new roof and internal renovations however, it currently encompasses a large commercial kitchen, open theater, two bars, box office and more.  This prime piece of real estate abuts two popular hotels and has multiple front entries which look over the Gatlinburg Strip and is right next to a large public parking area.  With 17,000 square feet of virtually open floor plan, there is plenty of opportunity to renovate and develop the existing building into multiple retail or office spaces, one large or several smaller attractions, food court, theater, bowling alley, convention center, time share sales office, arcade, laser tag, escape room, amusement ride or whatever other commercial venture which may attract the 10's of thousands of tourists walking downtown Gatlinburg every single day.

The manager has listed the unit size as 16974 square feet.
Unit Size
16,974Ft²
Days on Market
-
Land Size
-
Price per sqft
$52
Property Type
Commercial
Property Taxes
$6,241
HOA Dues
-
Year Built
1974

Price History

Date / Event Date Event Price
Nov 28, 2019 No longer available -
No longer available
Nov 21, 2019 Relisted $890,000
Relisted
Oct 27, 2019 No longer available -
No longer available
Sep 18, 2019 Price Decreased $890,000
↓ $85K (8.7%)
Price Decreased
Jul 19, 2019 Price Decreased $975,000
↓ $24K (2.4%)
Price Decreased
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Commercial
Loft
-
4,294 ft²
$211/ft²
$908,000 Jan 18, 2020
-
-
Land
Loft
-
-
$974,000 Apr 16, 2022
-
$442/mo
House
2 Beds
2 Baths
1,344 ft²
$632/ft²
$850,000 Mar 9, 2023
-
$1,285/mo
House
2 Beds
2 Baths
1,434 ft²
$549/ft²
$787,500 May 17, 2022
-
$600/mo
House
2 Beds
2 Baths
1,434 ft²
$546/ft²
$782,250 May 17, 2022
-
$600/mo
House
2 Beds
2 Baths
1,434 ft²
$538/ft²
$771,750 May 17, 2022
-
$600/mo
House
2 Beds
2 Baths
1,434 ft²
$535/ft²
$766,500 May 17, 2022
-
$600/mo
House
2 Beds
2 Baths
1,434 ft²
$524/ft²
$750,750 May 17, 2022
-
$600/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190415
04/15/2019
Studio
-
16974 ft²
$999,900
bedrooms
Studio
bathrooms
-
square feet
16974 ft²
-
-
-
-

Building Info

411 Reagan Lane 411 Reagan Lane, Gatlinburg, TN 37738
More about this Building
411 Reagan Lane
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About Gatlinburg


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