Forks of the River Parkway - Downtown Sevierville

Vacant Land for Sale
Catylist Listing ID: 30840133
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 18.92 Acres
Sale Price: $9,500,000
Unit Price: $502,114 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/1/2023

Overview / Comments

This site has natural beauty, serenity, walkability, convenience to a redeveloping downtown, and easy access to transportation. This opportunity is the premier multifamily/resort site in the Sevier County Market.

The location of this 18.924-acre site is on the West Prong of the Little Pigeon River and the Sevierville City Greenway. The site's river and greenway frontage total 1,521 feet. Two points of ingress and egress plus access to a redlight will allow users convenient movement to Forks of the River Parkway, a major thoroughfare in Sevierville. Adding to the convenience and beautiful natural setting with views of the Great Smoky Mountains, this site is less than a five-minute walk to the newly redeveloped Downtown Sevierville Commons District. Sevierville Commons continuously improves and allows access to new shopping, eating, drinking, and entertainment establishments.

This site does have it all, and it checks all the boxes for a primer multifamily/resort development site.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078049J B 04300

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,127 29,502
Median Age: 38.93 39.07
Households: 8,804 11,630

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