Catylist ID:
#30787938
Development Land With River Frontage
Vacant Land
for Sale
| Catylist Listing ID: | 30787938 |
| Property Subtypes: | Hospitality, Multi-Family, Retail, Vacation/Resort |
| Gross Land Area: | 27 Acres |
| Sale Price: | $1,600,000 |
| Unit Price: | $59,259 Per Acre |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/1/2023 |
Overview / Comments
|
Exclusively offered for sale are these contiguous development tracts in Sevierville, TN. They are located close to the Sevierville Convention Center, Wilderness at the Smokies Water Park Resort, Sevierville Golf Course, and other developments. This was originally offered as a 45.3-acre tract, but a 16.3-acre tract was surveyed off and sold, leaving an approximately 27-acre tract remaining and available for sale. Owner will consider partial owner-financing. Property is zoned C-5, C-3 and C-4 Utility water is available. Utility sewer is nearby at intersection of Old Knoxville Highway & Gists Creek Road Access from Old Knoxville Highway. Mostly wooded with sloping topography. Other tracts adjacent to the property or located nearby have sold. Frontage on West Prong of the Little Pigeon River (river frontage is in the FEMA floodway) Possible long-range mountain views Owner will consider partial owner-financing |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $1,475 (Annual) |
Additional Details
| Nearest MSA: | Sevierville |
| County: | Sevier |
| Taxing Authority: | City of Sevierville |
| Tax ID/APN: | 038 011.00 & 011.03 |
| Zoning: | C-5; C-3; C-4 |
| Property Located Between: | Old Knoxville Highway & Gists Creek Road |
| Legal Description: | Map 038, Parcels 011.01 & and 011.03 |
| Largest Nearby Street: | Winfield Dunn Parkway (Hwy. 66/US 441) |
| Highway Access: | Old Knoxville Highway |
| Site Description: | Mostly wooded with sloping topography; possible long-range mountain views |
| Area Description: | The parcels are located a short distance south of the intersection of Old Knoxville Highway and Gists Creek Road in Sevierville, TN. They are adjacent to a large development tract located in a tourist-oriented mixed-use development formerly known as The Universe. Winfield Dunn Parkway is the major highway artery nearby, and it is the primary ingress/egress route for Sevier County's 15 million annual visitors. |
| Zoning Description: | C-5 Tourist Commercial District - It is the general purpose and intent of this district to establish areas of commercial uses along major arterial streets and adjacent intersection streets that encourage grouping of compatible commercial uses, reduce traffic congestion, and secure adequate light, air, and aesthetic qualities of the city. Some permitted uses are: hotels, retail stores, amusements, and multi-family; Smaller tracts are zoned C-3 & C-4. |
| Topography: | Gently Sloping |
| Easements: | Other |
| Easements Description: | Water Line Easement |
| Available Utilities: | Water |
| Water Service: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 7,139 | 30,557 |
| Median Age: | 38.74 | 39.67 |
| Households: | 2,759 | 12,019 |
Contact
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