Gateway Gatlinburg - Parkway Development Site

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29985158
Property Subtypes: Retail
Status: Pending
Gross Land Area: 7.42 Acres
Sale Price: $8,750,000
Unit Price: $1,179,245 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2020

Overview / Comments

The Gateway Gatlinburg Development Site is made up of 5.6 acres that are offered for sale, fee simple, and 1.82 acres that are currently under a long term ground lease. The seller controls the leasehold position and it is for sale in addition to the 5.6 acres fee simple for a total of 7.42 acres.

The division of the property is shown above and the property is available for subdivision.

The current asking price on the 5.6 fee simple acres is $8,000,000.00

The current asking price for the 1.82 leasehold acres is $750,000.00. In addition, the leasehold buyer then assumes the lease payment to the landowner. Please contact the broker for more information.

• Average Daily Traffic Count: 32,711
• 1,155 Feet of Parkway Frontage Ensure Easy Access and Superior Visibility
• 1,050 Feet of River Frontage on the West Prong of the Little Pigeon River
• Red Light Access at the intersection of Parkway and Dudley Creek
• Gatlinburg, TN is the Gateway to the Great Smoky Mountains National Park
• The Great Smoky Mountains National Park is the Most Visited National Park in the Country
• Over 11,000,000 People Visit Gatlinburg Annually

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078126D A 00800
Area Description: The Gateway Gatlinburg Development Site is the first property on the right as you enter Gatlinburg traveling from Pigeon Forge. The Gateway has approximately 1,155 feet of Parkway frontage, in addition to red-light access at the intersection of Parkway and Dudley Creek. This combination ensures ease of access to tourist traffic and locals alike. The Gateway boasts an ADTC of 32,711 annually. The rear of the property has 1,050 feet of frontage on the West Prong of the Little Pigeon River, which lends a great atmosphere for a wide variety of development options. Gatlinburg is nestled at the entrance to Great Smoky Mountains National Park, the most visited national park in America. There are three entrances into the Smokies right from downtown. Gatlinburg attracts more than eleven million visitors a year and can grow to a population of 40,000-plus on any given night. This little town of 3,944 residents is dedicated to welcoming all of its guests with a taste of Appalachian hospitality at its best. Folks come from all over the world for vacations, outdoor adventures, family fun and memory making. Gatlinburg is one of America's great mountain resort destinations, with accommodations of every kind, dozens of local-to-national restaurants, and attractions galore – all nestled in the foothills and surrounded on three sides by the natural beauty of the Great Smoky Mountains. Gatlinburg prides itself on its walkability amidst mountain heritage and the arts, crafts and shops that reflect that tradition.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 5,146 13,285
Median Age: 38.79 44.32 45.01
Households: 706 2,175 5,480


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