Riverfront Commercial Land

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 28273890
Property Subtypes: Hospitality, Vacation/Resort
Status: Pending/Contingent
Gross Land Area: 4.39 Acres
Sale Price: $1,300,000
Unit Price: $296,127 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2022

Overview / Comments

Exclusively offered for sale is this Smoky Mountains resort city property. It consists of a 0.6-acre commercially-zoned lot with 340 feet of frontage on the West Prong of the Little Pigeon River, and 3.79 acres of commercially-zoned land directly across a small city street from the riverfront property. The riverfront land is improved with a 1930's-era log cabin. The property is easily accessed from the Parkway (US 441) as one enters the mountain resort city of Gatlinburg from Pigeon Forge. It seems best suited for hotel or resort development. Much of the property is mountainous, so it will require considerable site work. The owner had architectural plans drawn up some years ago for a large resort area hotel property and he will provide these to the new owner. However, all permits and site approval work will be the new owner's responsibility. Some parcels are partially in flood hazard area.

4.39 acres of commercially-zoned land
350 feet of frontage on rushing mountain river
Small 1930's-era log cabin
Easy ingress and egress from the Parkway (US 441)


Finance Data Year 2021
Real Estate Taxes - Annual($) $710 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 126E A 15-30
Zoning: C-2
Market Type: Small
Property Visibility: Good
Legal Description: Map 126E, Group A, Parcels 015.00 through 030.00, Lots 6R through 20 of Smoky Heights Subdivision
Largest Nearby Street: Parkway (US 441)
Highway Access: Parkway (US 441); Hemlock Street
Site Description: Level to hilly acreage with river frontage and a 1930's-era log cabin.
Area Description: Gatlinburg is a mountain resort town and the gateway city to the Great Smoky Mountains National Park, the nation's most visited national park. Gatlinburg, Pigeon Forge, and Sevierville are the three cities in Sevier County, a primary tourist destination that attracts approximately 15 million annual visitors.
Zoning Description: C-2
Development Name: Riverfront Commercial Land
Topography: Hilly
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 3,503 11,669
Median Age: 38.79 42.69 44.9
Households: 706 1,480 4,838


Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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