Asking Price: $14,899,000
Lot Size: 928264
Cost per Square Foot: $16.05
This opportunity is the best resort development tract in Sevier County. The property consists of 21.31 acres located just off the Parkway in Pigeon Forge, TN. This opportunity is unique in many ways. It is a large fee simple tract directly off the Parkway with spectacular mountain views. However, the most important feature is this property’s commanding visibility.
The property lays like a plateau - it is very steep near the Parkway but flattens out nicely on the top. The building site sits almost 100 feet above the grade of the Parkway. The combination of the elevated building footprint with the site’s position relative to the Parkway results in a property that can be seen by all inbound traffic from 1.55 miles away. That totals an average of 43,556 cars per day for a duration of 3-10 minutes, depending on traffic.
While this property has unique topography, it tapers nicely on both sides and already has two points of ingress and egress as delineated below:.
• Red light access, Parkway and Conner Heights
• Right-in, Right-out access near Golf Road
Key Points: 21.31 Acres Available Fee Simple ADTC 43,554 Site Visible for 1.55 miles Two Points of Ingress and Egress Spectacular Mountain and City Views Located within Pigeon Forge’s Tourism Development Zone C1,C2, and C6 Zoning on Portions of the Site Pigeon Forge’s Gross Revenue Topped $1.2B in 2015 Lodging Revenue Exceeded $315M in 2015 Restaurant Revenue Exceeded $218M in 2015 Amusement Revenue Exceeded $240M in 2015