See Home Value
Pigeon Forge 37862
1134 Wears Valley Road #1138WEARSVALLEYROAD
$2,250,787*
Commercial - Off Market

1134 Wears Valley Road #1138WEARSVALLEYROAD

Pigeon Forge, TN 37863
bedrooms
Studio
bathrooms
0 Bath
square feet
4394 Sqft
$1,980,000 - $2,420,000
Reference Base Price*
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This combined commercially and residentially-zoned property presents an attractive redevelopment opportunity within the city limits of Pigeon Forge, a primary tourist destination. The property is located on Wears Valley Road, a high traffic 5-lane artery with a median for convenient ingress and egress.  The combination of adjoining parcels totals approximately 6.95 acres.   The two parcels that front Wears Valley Road are commercially zoned )C-6) with a combined acreage of 1.55 acres  and each of the two is improved with a residential building that is currently rented.   The other three parcels, two of which are partial tax parcels, total approximately 5.40 acres and are mostly zoned R-2 for high density residential development.  A small portion is being rezoned to R-2.  Access to the R-2-zoned parcels will be through the front two C-6 zoned parcels.  The property can be an outstanding fit for commercial use in the front, like restaurants and food services, professional services and retail/sales, and cabin and residential development in the back property. - High traffic count - Outstanding visibility - All municipal utilities are available - Zoned C-6 Commercial and R-2 High Density Residential - Approximately 160 front feet on US Highway 321 (Wears Valley Road) - Good accessibility from 5 lane road with median

The manager has listed the unit size as 4394 square feet.
Unit Size
4,394Ft²
Days on Market
-
Land Size
6.84 acres
Price per sqft
$501
Property Type
Commercial
Property Taxes
$2,093
HOA Dues
-
Year Built
1975

Price History

Date / Event Date Event Price
Jul 23, 2022 No longer available -
No longer available
Aug 10, 2021 Price Increased $2,200,000
↑ $1M (100%)
Price Increased
Jun 3, 2021 Relisted $1,100,000
Relisted
Jun 2, 2021 No longer available -
No longer available
Mar 1, 2020 Listed $1,100,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
03/01/2020
Loft
-
4394 ft²
$1,100,000
bedrooms
Loft
bathrooms
-
square feet
4394 ft²
-
-
-
David Gothard
NAI Koella | RM Moore

Building Info

1134 Wears Valley Road 1134 Wears Valley Road, Pigeon Forge, TN 37863
  • 1 Unit for Sale
More about this Building
1134 Wears Valley Road
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About Pigeon Forge


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