Pigeon Forge Parkway Frontage C2

Vacant Land for Sale
Catylist Listing ID: 30677737
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 3.28 Acres
Sale Price: $3,695,000
Unit Price: $1,126,524 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2021

Overview / Comments

Rare opportunity to purchase undeveloped acreage actually located directly on the Parkway frontage in Pigeon Forge. Consisting of 3.278 acres, this property is situated on the inside nose of a gentle outside curve on the Parkway. It boasts a 240 foot wide Parkway frontage at a stoplight intersection giving it prominence and excellent visual draw from all directions. The elevated terrace of the land gives it immediate eye-level notice from all passing vehicles. Located at a major traffic light intersection gives this property premium access to the Parkway in even the most crowded of traffic conditions. Already equipped with a dedicated left-turn signal for southbound travelers as well as traffic control signals for Pin Oak View Drive, this intersection also accesses several attractions via Music Road located immediately across the Parkway including Hatfield and McCoys Dinner Theater, Titanic Museum Exhibit, Wonderworks, Hard Rock Café, and others. Northbound travelers would turn into this property as a natural right-hand turn.

Zoned C2, a permit is already in place to utilize the 240 foot wide frontage all the way to the back edge of the sidewalk which will add nearly a full quarter acre. Since 2012, lowest AADT was 46,786 with highest AADT being 56,057. High visibility coupled with high traffic counts equals an outstanding investment opportunity.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: City of Pigeon Forge / Sevier County
Tax ID/APN: 078072O A 00800
Zoning: C2
Property Located Between: "Button Willow Civil War Theater" and Pin Oak View Drive
Property Visibility: Excellent
Legal Description: (November 6, 1946 description) Beginning on a stake, corner to Hendrix. Thence with Johnson Lane now Hurst, a west course, a conditional line about 240 feet to a hemlock, thence a west direction with Lane, now Hurst, about 545 feet to a sycamore on the bank of the public highway (No 71) thence with Sharp and the old original line to Lane, thence with the old line of Sharp and Lane to the line of Hendrix; thence with the Hendrix line to the beginning. Containing four (4) acres more or less. Parkway widening and ROW reduced that 545 foot side down to 489.12 feet. A March 1995 Survey Plat is available upon request. Current total area measures in at 3.278 acres.
Largest Nearby Street: Pin Oak View Drive. / Music Road
Feet of Frontage: 240
Traffic/Vehicle Count: 52,088
Highway Access: 321/411 at 4-way left turn stoplight intersection
Airports: no
Site Description: 240 feet Parkway frontage, 741 feet deep along left side, 506 feet deep along the right side, and 285 feet wide across the rear. Total of 3.278 acres. Elevation rises from front to rear. Drainage across front end can be back-filled with city approval once upper and lower drains are connected allowing property use all the way to the sidewalk. This adds roughly .25 acre to site.
Area Description: Titanic Museum, Hatfield and McCoy's Dinner Theater, and Wonderworks are directly across the street, with Beyond the Lens attraction immediately to the south side of the property. This property sits on the corner of the intersection at Pin Oak View and the Parkway.
Lot Frontage: 240'
Lot Depth: 620'
Zoning Description: C2
Topography: Hilly
Easements: Utilities
Easements Description: Street lights occupy a stand in the drainage area across the front. Traffic lights and control box at street corner near intersection. Low Profile Power Transformer just off left side of property adjacent to Pin Oak View.
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 838 13,696 26,309
Median Age: 46.98 38.71 39.48
Households: 404 5,430 10,472

Contact

Photograph of Listing Agent

Craig Stephenson

Pristine Realty KAAR CIE Member
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