Price Reduction
Address
1989 Archie Rhinehart Pkwy Spencer, TN
Price
$ 875,000
Property Attributes
  • MLS#2295679
  • TypeCommercial
  • CountyVAN BUREN
  • CitySpencer
  • NeighborhoodThe Way Inn
  • Zip38585
  • StyleMixed Use
  • Year Built1978
  • Taxes$ 3217
  • Price$ 875,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12468
  • Lot Size2.65 Acres
Listing Provided Courtesy Of:
RE/MAX Carriage House - 6158720766
Data Source:
RealTracs MLS (RTMLS) - 12 - TN
Property Description

NEW PRICE! AMAZING OPPORTUNITY TO OWN OR LEASE AND PRESERVE A WIDELY KNOWN TREASURED VACATION SPOT AT THE ENTRANCE TO THE FALL CREEK FALLS NATIONAL PARK IN THE SMOKY MOUNTAINS OF TENNESSEE! THIS MOTEL IS CLEAN AND SIMPLE, AND ALSO OFFERS A CONVENIENCE STORE WITH GAS AND A RESTAURANT, MAKING IT A MUST STAY FOR THOSE WHO ENJOY A FRIENDLY, NO FRILLS AREA, SURROUNDED BY NATURE AND SIMPLY CLEAN FACILITES FOR EVERYONE. THE WAY INN IS A PROPEROUS PACKAGE ALL IN ONE.

Price History
9/30/2021 Listed $950,000
11/15/2021 6% - $899,000
11/19/2021 3% - $879,000
11/30/2021 1% - $875,000

General Features

Building Area Units Square Feet
City Spencer
County Van Buren County, TN
Days on Market 62
Directions I-40 TO EXIT 287 ONTO SR-136 TOWARDS SPARTA THEN R ONTO S JEFFERSON TOWARDS SPARTA ..MERGE R TO SR-111 TOWARDS SPARTA S-136 SOUTH, CONTINUE TO SPENCER HWY, TURN L ON OLD STATE HWY 111
Possession Close Of Escrow
Property SubType Mixed Use
Property Type Commercial Sale
Roof Shingle
Security Features Smoke Detector(s)
Standard Status Active
Status Active
Street Name Archie Rhinehart Pkwy
Subdivision Name The Way Inn
Tax Annual Amount 3217
Year Built 1978
Zoning COM

Interior Features

Air Conditioning Y/N No
Heating Y/N No

Exterior Features

Building Area Total 12468
Lot Size Acres 2.65
Lot Size Area 2.65
Lot Size Source Assessor
Lot Size Units Acres
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 38585

Price
AVG $590K
$880K
Taxes
AVG $2,401
$3,217
Visits
AVG 84
9
Year Built
AVG 1966
1978

Areas We Cover