Development Opportunity Near I 40 Exit 407

Vacant Land for Sale
Catylist Listing ID: 30467486
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Vacation/Resort
Gross Land Area: 41 Acres
Sale Price: $3,239,000
Unit Price: $79,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2022

Overview / Comments

41-acre vacant land tract adjoins Bass Pro property. Ideal development site with rezoning. Rolling terrain and located in the Greenbelt.

. Development potential with rezoning
. All things tourism and hospitality facing south, including I-40 Exit 407 and Bass Pro parking lot
. Across Snyder Road is Smokies Baseball Stadium and a recent land purchase by Eastern band of Cherokee Indians
. Main traffic corridor to Great Smoky Mountain National Park
. In the Greenbelt


Finance Data Year 2018
Real Estate Taxes - Annual($) $310.73 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 008 026.00; Si 001
Property Located Between: Sportsman Place and Bass Pro Drive
Property Visibility: Good
Legal Description: Map 008, Parcel 026.00 & Si 001
Largest Nearby Street: I-40
Highway Access: Bass Pro Drive
Site Description: Rolling topography. Open and wooded. In the Greenbelt program. Former farm primarily comprised of pasture. Sevier Planning agency indicated willingness to rezone based on acceptable development plan.
Area Description: Located in NW corner of I-40 Exit 407 behind Bass Pro Shop and neighbor of Smokies Baseball Stadium. Nearby restaurants and retail shops.
Zoning Description: Agriculture; IN (M-1)
Topography: Rolling
Easements: Ingress/Egress
Easements Description: 70 foot Ingress/Egress ROW
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,733 13,441
Median Age: 40.44 40.02
Households: 4,118 5,130


Photograph of Listing Agent

Ron H Rader

NAI | RM Moore KAAR CIE Member
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