7 ACRES AT EXIT 407 IN SEVIERVILLE, TN

Vacant Land for Sale
Catylist Listing ID: 28478428
Property Subtypes: Hospitality, Retail, Retail-Pad, Other
Gross Land Area: 7 Acres
Sale Price: $725,000 Per Acre
Total Price: $5,075,000
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/29/2021

Overview / Comments

Exit 407 is the gateway to the Great Smoky Mountains and the booming tourist markets of Gatlinburg, Pigeon Forge and Sevierville. Property is directly in front of Smokies Stadium, home of the TN Smokies (Double-A affiliate of the Chicago Cubs) which attracted nearly 315,000 spectators in 2017. The Eastern Band of Cherokee Indians purchased 122 adjacent acres in June 2019. McDonalds, Cracker Barrel and Taco Bell are adjacent and the property has great visibility from I-40 (70K+ ADT). Bass Pro Shops ($55M in sales/2 million visitors/yr) directly across the street. Owner will consider sub-dividing and/or ground lease.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 008036.00, 02
Zoning: C-4 (ARTERIAL COMMERCIAL)
Development Name: Stadium Acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,091 11,901 17,963
Median Age: 38.84 40.44 39.95
Households: 1,578 4,565 6,827

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