Land for Multi-Family Development

Vacant Land for Sale
Land for Multi-Family Development
Catylist Listing ID: 30814940
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Residential (Single Family)
Gross Land Area: 38.76 Acres
Sale Price: $1,492,260
Unit Price: $38,500 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2022

Overview / Comments

Fantastic Opportunity in a Hot Kodak Location Just Off I-40 Exit 407 City of Sevierville, Tennessee
38.76 Acres with plenty of frontage on Snyder Road
Within Sevierville City Limits
Access to Sewer and Water
Zoned C-3
Single Family, Multifamily, Nursing Home,
Hospital, Medical Office,
Hotel Motel, Short Term Rental
Restaurant, Retail

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevierville City
Tax ID/APN: 078005 02204
Zoning: COMMERCIAL
Property Located Between: Exit 407 - BassPro and Highwy 25
Largest Nearby Street: Snyder Road
Traffic/Vehicle Count: 5,587
Highway Access: Easy quick access to I-40 (Exit 407), Winfield Dunn Parkway (RT 66) into Sevierville and the Smoky Mountains, Highway 25
Site Description: Property is rolling to hilly. It generally rises from an elevation of around 1030 feet at the Snyder Road frontage to 1138 near the back. The property is in the City and SEWER is nearby.
Area Description: The property is in the Kodak community within the Sevierville City limits. It is very near the baseball stadium, Basspro, and other shopping north of I-40 and the new Cherokee destination development on the sourthern side of I-40.
Lot Frontage: Approx 570 feet
Lot Depth: Approx 2435 feet
Zoning Description: Commercial C-3 Suitable for Multifamily, Nursing Home, and Hospitality with Amusement
Topography: Undulating
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,756 9,004 19,857
Median Age: 37.17 38.47 39.79
Households: 650 3,416 7,508

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