7264 E Lamar Alexander Pky - Freestanding FOR SALE


Townsend, TN 37882
$1,500,000 USD
951-401-3343
7264 E Lamar Alexander Pky, Townsend, TN for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

7264 E Lamar Alexander Pky
Townsend, TN 37882


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cantilever Barn with Commercial Kitchen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

B-1

APN/PARCEL ID

096-108.00

ASK ABOUT THIS PROPERTY

McKenzie KramerLeConte Realty, LLCMore Info
951-401-3343

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McKenzie KramerLeConte Realty, LLCMore Info
951-401-3343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.