Apple Valley Farm

Vacant Land for Sale
Catylist Listing ID: 30021013
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 84 Acres
Sale Price: $6,995,000
Unit Price: $83,273 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2017

Overview / Comments

Avison Young and NAI Koella | RM Moore is pleased to offer for purchase Apple Valley Farm (“the Property”), an 84-acre site located at 449 Lonesome Valley Road in Sevierville, Tennessee. Zoned within the Visitor Accommodation District, Apple Valley Farm offers a unique development opportunity, where the possibilities are endless for users seeking to develop the parcels for a variety of tourism uses. Some of the permitted uses include hotels/resorts, RV parks, game or exercise rooms and spaces, conference buildings, and restaurants.

Apple Valley Farm is located in the heart of Sevier County on the banks of the Little Pigeon River near numerous popular tourism destinations. The Property is adjacent to several popular museums and entertainment venues and less than 15 minutes from Gatlinburg, TN and the Great Smoky Mountain National Park—the most visited national park, with approximately 10 million visitors annually.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: City of Sevierville
Tax ID/APN: 072PC001.00; 072 111.00; 072 111.01; 072 111.02; 072 111.03; 072 111.04; 072 098.00; 072 099.00
Zoning: V-1 (VISITOR ACCOMMODATION)
Property Visibility: Good
Zoning Description: It is the intent of this district to provide a range of uses to satisfy visitor or tourist needs for accommodations, while also allowing residential living units meant for longer stays. For the purposes of the regulations governing the district, the term “accommodation unit” shall refer to: a single dwelling unit (detached, or, a unit in a duplex, apartment, or condominium); a single room for temporary occupancy in a hotel, motel, or bed and breakfast inn; or, a recreational vehicle pad within a recreational vehicle park, all of which are primarily intended for overnight rental, short-term rental, or seasonal use by persons who are not residents of the city. This district provides for the development of visitor accommodations and resorts containing one of all of these types of accommodation units and supporting uses for visitors to the city desirous of such accommodations. An “accommodation unit” refers to a single dwelling unit or single room for occupancy. In order to achieve the intent of the V-1, Visitor Accommodation District, as shown on the Zoning Map of the City of Sevierville, Tennessee, the following regulations are established.
Development Name: Apple Valley
In Flood Plain?: Yes
Topography: Gently Sloping
Sewer Type: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 838 11,305 26,309
Median Age: 46.98 38.22 39.48
Households: 404 4,365 10,472

Contact

Photograph of Listing Agent

Brian H. Tapp, CCIM

Avison Young KAAR CIE Member
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