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.

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

Contact

Photograph of Listing Agent

Keith Widmer

SIG Real Estate KAAR CIE Member
Photograph of Listing Agent

Nick Widmer

SIG Real Estate KAAR CIE Member
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