17.1 Acre Development Opportunity off Exit 407

Vacant Land for Sale
Catylist Listing ID: 30765164
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 17.10 Acres
Sale Price: $799,000
Unit Price: $46,725 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2022

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.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier
Tax ID/APN: 078008 10300
Zoning: C2
Property Located Between: E Dumplin Valley Rd, Bryan Rd, I40 and Winfield Dunn Pkwy
Property Visibility: Excellent
Legal Description: Pin - 008 103.00
Largest Nearby Street: I-40
Feet of Frontage: 1,980
Traffic/Vehicle Count: 75,000
Highway Access: Less than one mile from Exit 407
Airports: Gatlinburg- Sevierville Private Airport is less than 20 minutes away
Site Description: 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.
Area Description: Up and Coming area, The is where they proposed the Exit 408 be placed a few years ago
Lot Frontage: 1980' I-40
Lot Depth: 500'
Zoning Description: 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.
Topography: Rolling
Easements: Other
Easements Description: Billboards
Available Utilities: Electric, Water, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Septic, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,335 9,696 17,963
Median Age: 40.1 41.01 39.95
Households: 928 3,739 6,827
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