The Track Pigeon Forge

Vacant Land for Sale
Catylist Listing ID: 30628091
Gross Land Area: 6.36 Acres
Sale Price: $12,500,000
Unit Price: $1,965,408 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2020

Overview / Comments

This is a rare opportunity to acquire 6.36 acres at the premier location in the tourist destination city of Pigeon Forge, Tennessee. Located at the northeast corner of Parkway and East Wears Valley Road, the property features level topography, 1,024 feet of highway frontage, great access and visibility, and 930 feet of river frontage. The land is improved with The Track - Pigeon Forge, a popular amusement venue, where the lessee business owner has a long-term ground lease which expires in about 7 years (1/1/2027).

The gateway to The Great Smoky Mountains. National Park, the area attracts over 12 million visitors a year. Pigeon Forge is one of the most popular family destinations in the country and is within a one day drive for two-thirds of the population of the United States. Pigeon Forge is home to Dollywood, multiple theaters, amusements, shopping (including Tanger Outlets) and restaurants. The area has over 40,000 hotel rooms and overnite rentals.

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Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078083 08700

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,616 11,107 22,559
Median Age: 45.8 37.61 39.4
Households: 642 4,164 8,914

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