2616 Teaster Lane

Vacant Land for Sale
Catylist Listing ID: 30013310
Property Subtypes: Office, Vacation/Resort, Other
Gross Land Area: 0.19 Acres
Sale Price: $212,766
Unit Price: $1,119,821 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/10/2018

Overview / Comments

Site is available along with two adjacent parcels totaling 2.49 acres.

The fee simple property is located in a desirable location for hotel development. The site has been filled and compacted. As a result, site work should be substantially less than many competing hotel sites along the Teaster corridor.

The upper floors of any multilevel project would have unobstructed mountain views and benefit from the peaceful surroundings.

Located on Teaster Lane in Pigeon Forge, TN, this site sets up great for a hotel. Located just 0.4 miles from the intersection of Teaster Lane and Jake Thomas Blvd, this close proximity allows for a quick walk to the LeConte Event Center, Cal Ripken Experience, The Island and all the fun and entertainment the Parkway has to offer. The Teaster Lane corridor is home to the newest and best performing hotels in the market and with more development in the pipeline, this should be the place to be in Pigeon Forge for several years to come.

Hotels Located in the Teaster Lane Submarket:
• The Inn at Christmas Place
• The Marriott Spring Hill Suites
• The Hampton Inn
• The Hilton Garden Inn
• Hilton Home 2 Suites

Additional Details

Nearest MSA: Sevierville
County: Sevier
Zoning: C-6
Property Located Between: 0.4 miles from the intersection of Teaster Lane and Jake Thomas Blvd

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,403 9,568 26,206
Median Age: 38.1 40.87 40.6
Households: 1,270 3,771 10,409

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