$1,000,000
$1,300,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
4.39 Acres Lot
SOLD DATE : 10/31/2022
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Smokey Heights
MLS Listing ID 211167
Sold Date 10/31/22
HOA Y/N No
Originating Board Great Smoky Mountains Association of REALTORS®
Annual Tax Amount $2,327
Tax Year 2016
Lot Size 4.390 Acres
Acres 4.39
Property Description
This Smoky Mountains resort city property is offered for sale, fee simple. It consists of 0.6 acres of commercially-zoned land with 340 feet of frontage on the West Prong of the Little Pigeon River, and 3.79 acres of commercially-zoned land directly across a small city street from the riverfront property. The riverfront land is improved with a 1930's-era log cabin which is currently rented. The property is easily accessed from the Parkway (US 441) as one enters the mountain resort city of Gatlinburg from Pigeon Forge. It seems best suited for hotel or resort development. Much of the property is mountainous, so it will require considerable site work. The owner had architectural plans drawn up some years ago for a large resort area hotel property and he will provide these to the new owner. However, all permits and site approval work will be the new owner's responsibility. Some parcels are partially in flood hazard area.
Location
State TN
County Sevier
Zoning C-2
Direction From Pigeon Forge, go south on the Parkway (US 441) to Gatlinburg. Turn right onto Laurel Avenue beside the Rocky Waters Motel. Go across the bridge and immediately turn left onto Hemlock Street. Property starts on the right.
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront No
Street Surface Paved
Road Frontage City Street
Others
Acceptable Financing Cash, Conventional, Fee Simple Unimproved
Listing Terms Cash, Conventional, Fee Simple Unimproved
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