Investment Property In Sought After Sevierville Community - Producing

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30824837
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 926 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 - 1 Acres
Sale Price: $299,000
Unit Price: $322.89 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2023

Overview / Comments

Ready for your next investment property? Your second home near the Smokey Mountains? Look no further! Here is your chance to own 2 wonderfully charming cottages on one property in the heart of Sevierville.

Currently used as a long term rental dwelling. 2 large bedrooms, 1 full bath, full laundry, enclosed back porch. Has 4 car tandem garage with 2 additional storage rooms/work rooms attached. Central heating and cooling.

Wide variety of permitted uses, to include things like: short terms rentals, long term rentals, light commercial businesses, owner/operated live/work dwellings, multi-family, hotels/motels and more. Great investment property and/or development opportunity.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevierville, Sevier County
Tax ID/APN: 049B A 004.00
Retail Clientele: Family, Business, Traveler, Tourist
Property Located Between: Winfield Dunn Pkwy and Old Douglas Dam; Allensville Rd. and Old Douglas Dam Rd.
Property Visibility: Good
Largest Nearby Street: Winfield Dunn Pkwy
Highway Access: Hwy 441 less than 1 mile; ~7miles to I-40
Airports: Regional: Gatlinburg-Pigeon Forge; National: McGhee Tyson Airport
Site Description: Commercially zoned property with residential dwelling and a variety of permitted uses in high growth, high traffic area of Sevierville.
Area Description: Located in the foothills of the Great Smoky National Park, Sevierville Tennessee is a beautiful area in the Smokies filled with amazing attractions, shopping, shows, dining and so much more that you can’t find anywhere else! Sevierville is also the hometown of Grammy Award winning songwriter, singer and actress, Dolly Parton. Sevierville is known for it’s lodging, shopping, and amusement attractions. There are a variety of galleries, boutiques, antique malls, flea markets, outdoor stores, moonshine tasting and much more. The famous Tanger outlet, Dick's Sporting Goods, Ulta Beauty, Hobby Lobby and more are in close proximity. Area Fun Facts: - 11 million tourists annually - Over 1.5 Billion Dollars in sales for the second year in a row - Per Capita Sales of more than $90,000 - Sevierville is the number one shopping destination in the Smokies
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1940
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Main Bldg: siding, gable metal roof, concrete/pavers walkway, gravel parking/entry, wood deck
Total Parking Spaces: 4
Parking Type: Surface, Other
Parking Description: Gravel surface level parking along the driway, 4 covered garage spaces (tandem)
Sprinklers: None
Heat Type: Electricity, Hot Water
Heat Source: Central, Other
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Home is 2 bed/1 bath with large bedrooms, Living Room, Dining/Sitting Room, Kitchen, Fireplace (would need to be restored), enclosed back porch. Home is in good condition with current tenant. Needs updating to bring interiors to modern amenities if one wishes to do so.
Zoning Description: Commercial - C3 - IC (Intermediate Commercial)
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Mortgage
Legal Description: Parcel ID/Tax ID: 049B A 004.00 Subdivision: Love Addn Plat Book/Page: 5569/287 Block/Lot: /43 District/Ward: 05

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,682 21,289 26,410
Median Age: 37.84 38.61 38.7
Households: 691 8,400 10,409


Photograph of Listing Agent

Lisa McNealy

Keller Williams Signature
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