7.39 Acres on Winfield Dunn Parkway

Vacant Land for Sale
Catylist Listing ID: 1843940
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 7.39 Acres
Sale Price: $5,110,000
Unit Price: $691,474 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2018

Overview / Comments

A rare fee simple opportunity for this area. The property is on the newly improved Highway 66 approximately two hundred yards to the south of the entry to the new Sevier County Events Center and the Wilderness at the Smokies, Tennessee's largest indoor/outdoor watermark resort.

The area continues to be a top rated vacation destination. Hotel operators, hospitality and service related businesses will be able serve the millions of visitors who come annually into this area to the Great Smoky Mountain National Park.

Owner will consider subdividing.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 038 026.01
Zoning: C-4
Market Type: Medium
Property Located Between: Gists Creek and Highway 71
Side of Street: West
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Winfield Dunn
Traffic/Vehicle Count: 48,000
Transportation: Highway
Highway Access: Located directly on Hwy 66, entrance to be constructed aligned with median cut to allow traffic from both directions access to the property.
Site Description: Level - Brought to grade with engineered fill. Flood way zoning applies to a portion of the property.
Area Description: Sevierville is the entry way to one of the great recreational destinations and the most heavily visited national park in the United States with more than 11.3 million visitors in 2016, the Great Smoky Mountains. In comparison the second most heavily visited national park is the Grand Canyon with 4.6 million visits. Estimates show nearly 20 million people visit this area annually for shopping, dining, hiking, and convention attending. Coming into the Smokies from I40 is approximately 48,000 cars daily (2018 http://www.seviervilletn.org/trafficcounts/menu/). Behind this site is the Sevierville Convention Center which host dozens of events, offers a golf course, and pulls in approximately 250,000 people (2012 stats per the Center). Nearby, Wilderness at the Smokies is the largest water park in the State and boosts a 1000 acre complex that features a 700+ room hotel, suites, and villas, along with a 36 hole golf course. In addition to the park, attractions in Sevierville, Pigeon Forge and Gatlinburg ensure huge numbers of tourist each year.
Lot Frontage: 850
Topography: Level
Available Utilities: Electric, Water, Gas

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,682 14,031 29,060
Median Age: 37.84 40.39 39.85
Households: 691 5,768 11,495

Contact

Photograph of Listing Agent

Pepper Bobo

Holrob KAAR CIE Member
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