$40,000,000
Pigeon Forge, TN 37863
MLS# 1265126
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Property Description
This 77.52(+-) acre land development tract is strategically located in the heart of Pigeon Forge, at the corner of Teaster Lane and the new extension of Jake Thomas Blvd. It has over 3,100 front feet of road frontage on a robust tourist-related development corridor, directly across the street from The Cal Ripkin Baseball Experience Facility and The LeConte Convention Center. The property is just around the corner from main strip on Pigeon Forge and Dollywood, the Most Visited Attraction in the State of Tennessee, Dolly's Splash Country and Dream More Resort. The new Jake Thomas Road extension from downtown Pigeon Forge to Veterans Blvd will be the new growth hub for many years to come. City of Pigeon Forge peaked at $2.265 Billion in revenues in 2023. The city has 1,350 new hotel rooms coming online in 2024. While the city is celebrating the growth in tourism, they're also looking at ways to continue the growth, and this property is PRIMO for that growth. This site does have it all, and it checks all the boxes for a primer multifamily/entertainment/resort development site.
Details
Maps
Location, Tax & Legal Info
Street Name: Teaster
St Suffix: Lane
State/Province: TN
Zip Code: 37863
Area: Sevier County - 27
City/County Code: City Limits
PIN #: 083 119.00
Total Tax: 222.1
Geo Lat: 35.800162
Geo Lon: -83.561764
Contract Info
Auction Y/N: No
Listing Price: 40000000
Current Price: $40,000,000
Status: Active
Listing Date: 2024-06-04
Cooperation Comp: 1.5
Compensation Type: %
General Property Description
Lot Dimensions: IRR 150 x IRR
Acres: 77.52
Acre Source: Tax Records
Restrictions: No
Property Status: N/A
Remarks & Misc
Directions: Property borders the new Jake Thomas Road and Teaster Lane which runs over to Veterans Blvd.
Public Remarks: This 77.52(+-) acre land development tract is strategically located in the heart of Pigeon Forge, at the corner of Teaster Lane and the new extension of Jake Thomas Blvd. It has over 3,100 front feet of road frontage on a robust tourist-related development corridor, directly across the street from The Cal Ripkin Baseball Experience Facility and The LeConte Convention Center. The property is just around the corner from main strip on Pigeon Forge and Dollywood, the Most Visited Attraction in the State of Tennessee, Dolly's Splash Country and Dream More Resort. The new Jake Thomas Road extension from downtown Pigeon Forge to Veterans Blvd will be the new growth hub for many years to come. City of Pigeon Forge peaked at $2.265 Billion in revenues in 2023. The city has 1,350 new hotel rooms coming online in 2024. While the city is celebrating the growth in tourism, they're also looking at ways to continue the growth, and this property is PRIMO for that growth. This site does have it all, and it checks all the boxes for a primer multifamily/entertainment/resort development site.
Status Change Info
Status Change Date: 2024-06-04
Property Features
Property Sub-Type: Commercial; Other
Topography: Rolling; Steep
Road Frontage: Paved
Road Access: Public Road
Sale Options: Fee Simple
Improvements: None
Easements: None
Lot Description: Irregular Lot; Rolling Slope; Wooded; Other
View: Mountain View
Documents on File: Survey; Topography Map
Developmnt Potential: Commercial; Recreational; Retail; Other
Utilities Available: Cable TV; Electricity; Gas; Sewer; Telephone; Water
Zoning: Zoned Agricultural; Zoned Commercial
Present Structures: None
New Financing: Cash; Conventional; New Loan
Showing Instructions: See Agent Instructns
Listing Office: Billy Houston Group, Realty Executives
Office Phone: 865-577-7653
Last Updated: June - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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