Tourist Destination Hotel Development Site

Vacant Land for Sale
Catylist Listing ID: 30849484
Property Subtypes: Hospitality
Gross Land Area: 1.94 Acres
Sale Price: $4,200,000
Unit Price: $2,164,948 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2023

Overview / Comments

This 1.94-acre hotel development site is located in Governor's Crossing, a popular mixed-use tourist development in Sevier County, TN. Over 15 million visitors annually come to Sevier County, including Sevierville and its sister cities of Pigeon Forge and Gatlinburg. Development or improvements to the lot are limited to "Hotel Lodging Facility", to include improvements and uses that are ancillary to hotel operations, such as parking facilities, laundry facilities, and restaurant facilities serving hotel guests and/or the general public. The site is located a short distance off the heavily trafficked Parkway (US 441). A new Home2 Suites is under construction directly across the access road for both properties. Sites of this quality (size,location, topography, access) are a rare find in this tourism region.

. Highly accessible site in popular tourist development
. Level to gently sloping topography
. Municipal utilities available
. Restricted for specific hospitality uses only
. High density restaurants, retail, and attractions

Attachments & Media


Finance Data Year 2022
Real Estate Taxes - Annual($) $3,444 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 072 155.46
Property Visibility: Good
Legal Description: 072 055.46 Lot 1-R3
Largest Nearby Street: Parkway (US 441)
Feet of Frontage: 295
Traffic/Vehicle Count: 44,627
Highway Access: Parkway (US 441) to Collier Drive to Hurley Drive
Site Description: Level to gently sloping topography with municipal utilities available
Area Description: Located in an area of high density restaurants, retail, and attractions
Lot Frontage: 295.04
Lot Depth: 302.7
Zoning Description: TCL - Tourist Commercial District
Development Name: Governor's Crossing
Topography: Level
Easements: Ingress/Egress, Utilities, Other
Easements Description: Various easements per Warranty Deed Book 5852, Pages 756-759
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,242 18,435 31,766
Median Age: 37.58 38.42 39.4
Households: 2,461 7,307 12,540


Photograph of Listing Agent

David L. Gothard

NAI Koella | RM Moore ETNRCRE Member
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