Vacant Land

Vacant Land for Sale
Catylist Listing ID: 30650707
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Other
Gross Land Area: 6.71 Acres
Sale Price: $1,100,000
Unit Price: $163,934 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Exclusive overnight, long term or business development opportunity in Gatlinburg! This prime piece of real estate is located next to Rocky Top Sports World, the Gatlinburg Community Center, a Gatlinburg Trolley Route, Mills Park, East Parkway (Hwy 321) and just a few miles from the main strip in Downtown Gatlinburg! This incredible property features C-2 Zoning, 6.71 acres of level to gently rolling land, City Sewer present throughout the property, partial underground power by S.C.E.S and City of Gatlinburg 6'' Water Tap with partial lines recently installed. A site plan consisting of 44 small footprint Cottages/Cabins is approved by the City of Gatlinburg. Or the overnight development opportunities are as numerous as your imagination: ranging from a traditional cabin resort, to treehouses and glamping sites, to enchanted castles or any whimsically styled lodging you are inspired to create as your legacy masterpiece in the Great Smoky Mountains! The easy drive in and out provides guests with the ability to enjoy riding the Trolley or driving themselves to Downtown Gatlinburg, shopping, dining, attractions, the National Park and more! Based on a cabin style resort, approx. annual gross rental projections range from $31-$48k per 1/1 unit, $34-50k per 2/2 unit and $43-64k per 3/3 unit. With the C-2 Zoning, this property is also suitable for the following with proper City of Gatlinburg planning approval: residential dwellings, stores & shops conducting retail business, personal, business & professional service; lodges, clubs, hotels, motels, restaurants, and similar services; Commercial Planned Unit Developments involving recreational uses & accompanying service uses such as theatres, mini golf courses, swimming pools, major amusements; Tourist Residence; Farmers Markets; auto sales; funeral homes, public buildings upon approval by the Planning Commission; semi-public buildings & uses; travel trailer parks; wholesale business, warehouses, storage yards & buildings; auto repair garages & similar operations. The property also currently has two small structures and the engineer's site plans, vacation rental projections & City of Gatlinburg zoning information are available upon request.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Topography: Rolling
Easements: Other
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,643 4,498 8,512
Median Age: 47.79 45.92 43.78
Households: 695 1,895 3,557
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