Vacant land for Lease Wears Valley Road

Vacant Land for Lease
Catylist Listing ID: 30657048
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Other
Gross Land Area: 1.05 Acres
Lease Rate: $3,000 (Monthly)
$0.79 PSF (Annual)
Lease Types: Net Lease
Last Updated: 4/17/2021

Overview / Comments

Property fronts on busy 4-lane Hwy. 321-S. (Wears Valley Road) in City of Pigeon Forge and is Zoned C-6, allowing for a multitude of uses. (See Zoning in Associated Docs.) Initial Ground Lease is for 5-Years with CPI adjustments annually and options to renew in 5-Year Increments (negotiable). Lease will be for one acre and can be expanded up to two acres with adjustment in lease amount. (Initial offer is 1.05 Acres, M/L (Map 093, Parcel 127.00, SI 002), starting at $3,000 per month ($36,000 First Year), with a five-Year Lease, and at beginning of Year Two, Cost of Living Increases annually based upon the Social Security CPI. Also offered are options for additional Five-Year Terms, to be negotiated according to Tenant’s needs and owner/landlord’s approval.) Any use must comply with Zoning and City Regulations. High traffic volume consists of both permanent and seasonal guests of the Great Smoky Mountain area. Trolley stop is VERY close. Convenient location to business in town, tourist attractions, shopping and more. TDOT reflects average daily traffic count (2018) of 29,153 in that 3-mile corridor from the Parkway (U.S. 441) out to City Limits of Pigeon Forge at intersection of Walden’s Creek Rd. Utility water, sewer, natural gas, electric . . . all City services available.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Pigeon Forge
Tax ID/APN: 078093 12700
Zoning: C-6
Property Located Between: Easy Street/ Wears Valley Road
Property Visibility: Excellent
Largest Nearby Street: Easy Street
Feet of Frontage: 376
Traffic/Vehicle Count: 29,153
Highway Access: HWY 321
Area Description: Tourism, Vacation
Lot Frontage: 376
Lot Depth: IRR
Zoning Description: See attached files
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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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

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