7 ACRES AT EXIT 407 IN SEVIERVILLE, TN
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: |
28478428 |
| Property Subtypes: |
Hospitality, Retail, Retail-Pad, Other
|
| Status: |
Pending |
| 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: |
3/9/2023 |
Overview / Comments
|
3.43 Acres Under Contract. 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 350,000 spectators in 2022. The Eastern Band of Cherokee Indians purchased 122 adjacent acres in 2019. Buc-ee's and The 407 development under construction south of the interstate. 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.
|
Additional Details
| Nearest MSA: |
Sevierville |
| County: |
Sevier |
| Tax ID/APN: |
008036.00, 02 |
| Zoning: |
C-4 (ARTERIAL COMMERCIAL) |
| Development Name: |
Stadium Acres |
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 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
