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Reed Schoolhouse Rd - The Lodges at Reedmont

71,789 SF Specialty Building Offered at $37,463,399 CAD at a 12.47% Cap Rate in Sevierville, TN 37876

Investment Highlights

  • Located in a booming hospitality market, with the county generating over $1 billion in annual revenue since 2021.
  • Additional investment options, including additional units, lots, and raw land, providing investors with flexibility to expand their portfolio.
  • Offering a turnkey investment opportunity, with units delivered rent-ready according to the specified delivery schedule.

Executive Summary

25 newly constructed luxury cabins positioned in one of the nation's top tourism destinations. This is a unique opportunity for an investor to own a portfolio of newly constructed cabins. Additional cabins, lots and undeveloped land are also available.

Property Facts

Price $37,463,399 CAD
Price Per SF $522 CAD
Sale Type Investment
Cap Rate 12.47%
Property Type Specialty
Building Class B
Lot Size 23.87 AC
Building Size 71,789 SF
No. Stories 3
Year Built 2024
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
037-033.00
Land Assessment
$9,042 CAD
Improvements Assessment
$8,753 CAD
Total Assessment
$17,795 CAD

zoning

Zoning Code GC (General Commercial)
GC (General Commercial)
  • Listing ID: 31006155

  • Date on Market: 2024-02-20

  • Last Updated:

  • Address: Reed Schoolhouse Rd, Sevierville, TN 37876

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