Snyder Rd (Adjacent to Whaley Construction)

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30830848
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Status: Pending/Contingent
Gross Land Area: 62.41 Acres
Sale Price: $3,100,000
Unit Price: $49,671 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/11/2023

Overview / Comments

This 62-acre commercial land tract is located in a prime opportunity zone, providing a unique opportunity for investors and developers. The land is ready for development and has all utilities on site, including electricity, water, and sewer. The property is rolling to flat and mostly wooded, providing a blank canvas for a variety of uses.

The land is zoned for Intermediate Commercial and is suitable for a wide range of businesses, including retail, office, light industrial, and more. Please see the attached Zoning Ordinance from the City of Sevierville. The location is highly accessible, with easy access to major transportation corridors, and is only a short drive from the Knoxville Metro area, providing excellent visibility and exposure for any business.

The opportunity zone designation allows investors to enjoy significant tax benefits, including deferral of capital gains taxes and potential tax savings on new investments made in the zone. This commercial land tract is a rare opportunity to acquire a large, ready-to-develop parcel in a highly desirable location. With all utilities on site and the opportunity zone designation, this property is a prime investment opportunity that should not be missed.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 078005 03300
Feet of Frontage: 1,128
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: 1,756 9,004 17,942
Median Age: 37.17 38.47 39.59
Households: 650 3,416 6,776
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