Tourist Area Development Tract

Vacant Land for Sale
Catylist Listing ID: 30496536
Property Subtypes: Hospitality, Multi-Family, Vacation/Resort, Other
Gross Land Area: 6.60 Acres
Sale Price: $2,500,000
Unit Price: $378,787 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

This undeveloped, commercially-zoned tract is located within the corporate limits of Pigeon Forge on Teaster Lane, a city street that generally parallels the Parkway (US 441). Teaster Lane is a focal point for major tourist-related commercial development in recent years. The tract has a large, generally level area that is elevated above the road, affording impressive panoramic city and mountain views.

Impressive panoramic views
Municipal utilities available
Possible uses are hotel, condo, multifamily, and amusement

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 094D A 016.00
Zoning: C-2
Property Located Between: Garden Way and Iron Mountain Road
Property Visibility: Excellent
Legal Description: Map 094D, Group A, Parcel 016.00
Largest Nearby Street: Parkway (US 441)
Feet of Frontage: 715
Traffic/Vehicle Count: 15,678
Highway Access: Teaster Lane
Site Description: Large, generally level area above the road, with panoramic city and mountain views
Area Description: Located in the tourist city of Pigeon Forge, in an area of hotels/motels, restaurants, dinner shows, retail shops, and many other tourist-related attractions.
Lot Frontage: 715
Lot Depth: 452
Zoning Description: C-2
Topography: Gently Sloping
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,403 15,394 24,121
Median Age: 38.1 37.92 39.7
Households: 1,270 5,816 9,553

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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