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.
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Additional Details
| Nearest MSA: |
Sevierville |
| County: |
Sevier |
| Tax ID/APN: |
078049J B 04300 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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