Commercial Development Tract in Premier Sevierville Location

Vacant Land for Sale
Catylist Listing ID: 30424638
Property Subtypes: Office, Retail
Gross Land Area: 35.86 Acres
Sale Price: $6,900,000
Unit Price: $192,414 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/10/2019

Overview / Comments

This prime commercial development tract is located on one of Sevier County's major traffic corridors. It features extensive frontage on Dolly Parton Parkway (US 411), with additional back frontage on Old Newport Highway. The arterial commercial zoning encompasses a wide variety of uses. The location, size, and accessibility of the property suggests major retail development, such as a major retailer-anchored center. The property is improved with a 2,229 square foot single family residential building, built in 1960. No economic value is attributed to this building.

Arterial Commercial (AC) Zoning
All municipal utilities available
Impressive traffic count
Front and back road access
Convenient to medical, retail, restaurants, residential subdivisions, and government offices
Not in FEMA flood hazards zones

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 050 079.01
Zoning: AC - ARTERIAL COMMERCIAL
Property Located Between: Dolly Parton Parkway and Newport Highway
Property Visibility: Excellent
Legal Description: Map 0510, Parcel 079.01
Largest Nearby Street: Dolly Parton Parkway (US 411)
Feet of Frontage: 2,131
Traffic/Vehicle Count: 28,578
Highway Access: Dolly Parton Parkway (US 411); Newport Highway
Site Description: Cleared, rolling, irregular-shaped tract. Main frontage on Dolly Parton Parkway. Back frontage on Old Newport Highway.
Area Description: Located on Dolly Parton Parkway near Sevier County High School, and close to retail establishments, restaurants, residential subdivisions, and government offices.
Lot Frontage: 2131.55
Lot Depth: 900
Zoning Description: Arterial Commercial (AC) zoning
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,391 14,726 32,217
Median Age: 41.05 37.62 39.33
Households: 1,065 5,695 12,701

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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