Mixed-Use Investment / Redevelopment Property

Retail-Commercial for Sale
Catylist Listing ID: 30580166
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 10,769 SF
Gross Building Area: See Agent
Gross Land Area: 1.40 Acres
Sale Price: $999,000
Unit Price: $92.77 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2020

Overview / Comments

This parcel is located on the north side of Wears Valley Road (US 321) within the city limits of Pigeon Forge. It is located 1.8 miles west of the intersection of Wears Valley Road and the Parkway (US 441). There is 235 feet of highway frontage on Wears Valley Road with ready access. This mixed-use property presents an attractive investment and development opportunity within the city limits of Pigeon Forge, a primary tourist destination. The 1.4-acre parcel is improved with a daycare center on the right hand side, a two-story building with office space on the first floor and an apartment on the second floor on the left hand side, and two connected warehouse units on the back side. The daycare unit and the office space are occupied by tenants. The apartment and warehouse are ready for occupation.

This property is part of three adjacent listings with a combined acreage of approximately 11 acres. Contact the listing brokers for possibilities to purchase a combination of these properties.

. High traffic count, outstanding visibility and access
. All municipal utilities are available
. Zoned C-6 Commercial and R-2 High Density Residential
. About 235 front feet on US Highway 321 (Wears Valley Road)

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 093 140.01
Zoning: C-6 & R-2
Property Located Between: White Falcon Way and Chapel Way
Property Visibility: Excellent
Largest Nearby Street: Wears Valley Road
Feet of Frontage: 555
Highway Access: Wears Valley Road
Site Description: 1.4-acre tract, improved with a daycare center, two-story building housing an office and apartment, and two connected warehouse units.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Average
Year Built: 1982
Parking Type: Surface
Parking Description: Onsite
Zoning Description: C-6 Commercial and R-2 High Density Residential
Lot Frontage: 555
Lot Depth: 362
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Map 093, Parcel 140.01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,660 8,136 25,637
Median Age: 40.87 40.36 40.77
Households: 634 3,184 10,200

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
Photograph of Listing Agent

August Timisela

NAI Koella | RM Moore KAAR CIE Member
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