17.1 Acre Development Opportunity off Exit 407
|Catylist Listing ID:
Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
|Gross Land Area:
||$46,725 Per Acre
|In Opportunity Zone?
||Cash to Seller
Overview / Comments
This property is located less than a mile from Exit 407, the home of Pigeon Forge, Gatlinburg and Sevierville. The area attracts roughly 15 Millions Visitors per year, with that number increasing every year.
This property sits adjacent to I-40 (1980' I40 Frontage), Which has 75k+ ADT. The location of this property is also within one of Sevier County's Opportunity Zones, Which grants Tax Benefits to investors. The property has 2 billboard sites bringing in income every month.
Directly across this property (South) sits the land acquired by the Kituwah LLC in 2020, Where they are building a Buc-ees with 100+ Pumps and other future developments. West of the property you will find Bass Pro Shops which boasts 55Mill in Sales and over 2million visitors a year. The Smokies Stadium home of the TN Smokies Baseball Team, Affiliate of the Chicago Cubs which attracted 300,000+ Visitors Pre-Covid. You will also find multiple Restaurants; Cracker Barrel, The Chop House, Taco Bell, McDonald's, Subway, These are just a few in the area. The Eastern Band of Cherokee Indians purchased 122 acres in June 2019 less than a mile away from this site as well
County Water is Available, Sewer is a possibility which will need to be tapped into less than 1800' from the property or potentially less with an easement. High Speed internet is available as well. You will not find a tract of land with more potential at this price.
Attachments & Media
|Property Located Between:
||E Dumplin Valley Rd, Bryan Rd, I40 and Winfield Dunn Pkwy
||Pin - 008 103.00
|Largest Nearby Street:
|Feet of Frontage:
||Less than one mile from Exit 407
||Gatlinburg- Sevierville Private Airport is less than 20 minutes away
||The lot is gently rolling and can be graded into 17 useable acres, There is a home on the property that definitely has value. It is in great condition, and can be used to generate income if the buyer plans to sit on the property.
||Up and Coming area, The is where they proposed the Exit 408 be placed a few years ago
||507.2. Uses Permitted.
507.2.1. Any use permitted in the R-1, R-2, R-2M and C-1 districts.
507.3. Uses Permitted with an approved Site Plan, see Section 303. 507.3.1. General retail businesses.
507.3.2. Motor vehicle and/or machinery sales businesses.
507.3.3. Motor vehicle and /or machinery repair business.
507.3.4. Manufactured home and/or modular home sales businesses. 507.3.5. Motels and hotels.
507.3.6. Medical facilities.
507.3.7. Warehousing and distribution centers.
507.3.8. Flea markets.
507.3.9. Commercial cemeteries, mortuaries, crematoriums. 507.3.10. Amusement Parks, (to be developed as a PUD). 507.3.11 Craft breweries, wineries and distilleries.
||Electric, Water, Cable, Internet Access
||Municipal, Septic, Other
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