Catylist ID:
#30829245
| Catylist Listing ID: | 30829245 |
| Property Subtypes: | Hospitality, Retail, Vacation/Resort |
| Gross Land Area: | 6.20 Acres |
| Sale Price: | $7,000,000 |
| Unit Price: | $1,129,032 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/1/2023 |
Overview / Comments
|
This 6.198-acre commercial development tract is strategically located in the heart of Pigeon Forge, a State of Tennessee designated Premier Type Tourist Resort City. It has 315 front feet on Teaster Lane, a robust tourist-related development corridor. It is contiguous with a Springhill Suites Hotel to the north and The Shops at Pigeon Forge retail center to the south. It is in close proximity to a Hampton Inn, Hilton Garden Inn, Fairfield Inn & Suites, and The Christmas Place Hotel, an upscale independent hotel. Other hotels, shopping, restaurants, and entertainment/amusement venues are located a short distance away. The tract is partially wooded, with a creek near its back boundary. The C-6 zoning allows for many types of commercial development. The property is improved with an old house and outbuildings that offer little economic value. . Visible from the Parkway which has 50,336 average daily traffic count . C-6 Mixed-Use Commercial Zoning District . Panoramic Mountain View . Many new commercial developments nearby |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $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 |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 13,540 | 24,627 |
| Median Age: | 38.67 | 39.59 |
| Households: | 5,241 | 9,781 |
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