Prime Tourist Development Tract

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30829245
Property Subtypes: Hospitality, Retail, Vacation/Resort
Status: Pending/Contingent
Gross Land Area: 6.20 Acres
Sale Price: $5,800,000
Unit Price: $935,483 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2023

Overview / Comments

This 6.198-acre commercial development tract is strategically located in the heart of Pigeon Forge, a State of Tennessee designated Premier Type Tourist Resort City. It has 315 front feet on Teaster Lane, a robust tourist-related development corridor.

It is contiguous with a Springhill Suites Hotel to the north and The Shops at Pigeon Forge retail center to the south. It is in close proximity to a Hampton Inn, Hilton Garden Inn, Fairfield Inn & Suites, and The Christmas Place Hotel, an upscale independent hotel. Other hotels, shopping, restaurants, and entertainment/amusement venues are located a short distance away.

The tract is partially wooded, with a creek near its back boundary. The C-6 zoning allows for many types of commercial development. The property is improved with an old house and outbuildings that offer little economic value.

. Visible from the Parkway which has 50,336 average daily traffic count
. C-6 Mixed-Use Commercial Zoning District
. Panoramic Mountain View
. Many new commercial developments nearby

Attachments & Media

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $19,327 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 083 097.13
Zoning: C-6 MIXED-USE COMMECIAL DISTRICT
Property Located Between: The Parkway (Hwy 441) and Teaster Lane
Property Visibility: Excellent
Legal Description: Map 083; p/o Parcel 097.13
Largest Nearby Street: Parkway (US 441)
Feet of Frontage: 315
Traffic/Vehicle Count: 50,336
Highway Access: Parkway (US 441); Teaster Lane
Site Description: Level, partially wooded, old house and outbuildings given no value
Area Description: Located in the heart of Pigeon Forge, a State of Tennessee designated Premier Type Tourist Resort City.
Lot Frontage: 315
Lot Depth: 672.56
Zoning Description: C-6 Mixed-Use Commercial District
In Flood Plain?: Yes
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,540 24,627
Median Age: 38.67 39.59
Households: 5,241 9,781

Contact

Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore KAAR CIE Member
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