865-585-8489
849 Glades Rd, Gatlinburg, TN for Sale
Residential Income - FOR SALE
1/45
null | Request Cap Rate

849 Glades Rd
Gatlinburg, TN 37738


HIGHLIGHTS

  • Total of 82 units: 68 luxury apartments + 14 retail units
  • Retail anchored by Split Rail Eats restaurant
  • Unique mixed-use development in a resort-style setting
  • ±19,944 SF of ground-level retail space
  • ±72,282 SF of multifamily space
  • Minutes from downtown Gatlinburg and the Great Smoky Mountains

OVERVIEW

82 Units | Mixed-Use Investment Opportunity – Gatlinburg, TN 68 Luxury Apartment Units + 14 Retail Units Anchored by Split Rail Eats The subject property is a premier mixed-use development located on 7.09 acres in the Glades community of Gatlinburg, Tennessee. Built in 2010, the three-story buildings encompass a total of 92,226 square feet of improvements and feature wood siding with stone exteriors, creating a high-end, mountain-style aesthetic. An elevator is located on the northwest corner, providing convenient access throughout the property. The project consists of a total of 82 units, broken down into 68 luxury residential apartment units and 14 ground-level retail units. The retail component totals approximately 19,944 square feet and is anchored by the highly popular Split Rail Eats restaurant, which serves as a central gathering place and traffic driver for the community. The residential portion includes 72,282 square feet of multifamily space, offering a mix of upscale 1BR, 2BR, and 3BR floor plans. This asset offers a rare opportunity to acquire a high-quality mixed-use development that combines luxury residential living in one of East Tennessee’s most desirable resort markets.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covered Bridge In The Glades

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

C-3

APN/PARCEL ID

118-003.00,118-003.00-001

ASK ABOUT THIS PROPERTY

Scott SzpyrkaSVN | Wood PropertiesMore Info
865-585-8489

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Scott SzpyrkaSVN | Wood PropertiesMore Info
865-585-8489

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