10.41 Acres in Blount County

7804 Carnes Rd Townsend TN 37882  |  Blount County, TN
  • $2,799,000
  • 10.41 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: GSMARTN
Irrigated: No
Residence: Yes
Property ID: 9651192

Property Description

Location, location, location... over 10 acres with 1068 feet of frontage on the Little River flowing less than 3 miles outside the GSMNP. The Wellspring Retreat (WR) is connected to the heart of Townsend via the iconic Dark Island Swinging Bridge, listed on TripAdvisor as one of the "Top Attractions" in "Things to Do" in Townsend. The TWRA stocks the river with brown and rainbow trout from the Swinging Bridge on a regular schedule in the Spring and Fall months. In addition to renting the cabins/lodge/homes individually, the new owners might want to look into expanding other uses for the property as well. Other considerations might include such venues as: Corporate Retreat Center 13 BR plus 2 waterfront loft cabins 3 large Great Room meeting places plus breakout rooms Weddings Develop wedding site on upper meadow Photography (various picturesque settings on property incl. Barn, Riverfront, Upper Meadow, Rock Bluffs for pre-wedding, rehearsal dinners, wedding day) Sleep up to 50 people if property is rented in its entirety Tubing Over 1000' on the river provides private ingress and egress for a tubing venue consideration All parcels are waterfront except the WR Lodge Projected Revenue, Overnight Rental Rates (w/standard marketing) Parcel Ave $$ Night/# per year Projected Gross Annual Income * Gate Cabin $175/200... 225 $35,000 - $39,375 * Hall home* $500/160...180 $80,000 - $90,000 * Handley home** $450/160...180 $72,000 - $81,000 * Riverfront Cabin (1) $150/190... 200 $28,500 - $30,000 * Riverfront Cabin (2) $150/190...200 $28,500 - $30,000 * Wellspring Lodge $500...550/180-190 $90,000 - $104,500 **** Estimated Total $334,000 - $374,875 **** *Sleeps 11 depending on furnishings **Sleeps 9 depending on furnishings Notes "Projected Revenue" figures are believed to be relatively conservative although no professional valuation study has been performed on any of the parcels. The property description is believed to be accurate but should be verified by the buyer

Copyright 2020 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Jacob Collins

Keller Williams Smoky Mountains

(865) 558-7002 (work)

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Contact Seller

Jacob Collins

Keller Williams Smoky Mountains

(865) 558-7002 (work)

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