See Home Value
Pigeon Forge 37862
1148 Wears Valley Road
$2,306,053*
Commercial - Off Market

1148 Wears Valley Road

Pigeon Forge, TN 37863
bedrooms
Studio
bathrooms
0 Bath
square feet
7223 Sqft
$1,845,000 - $2,253,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

This assemblage of three parcels is located on the north side of Wears Valley Road (US 321) within the city limits of Pigeon Forge. It is located 1.8 miles west of the intersection of Wears Valley Road and the Parkway (US 441).  There is frontage on Wears Valley Road with ready access. The front acres (approximately 1.85 acres) seem well-suited for commercial mixed-use development and the back acres (approximately 6.2 acres) for multifamily development.  The three land parcels of about 8 acres presents an attractive redevelopment opportunity within the city limits of Pigeon Forge, a primary tourist destination. The property seems well-suited for substantial multifamily development on the back and commercial on the front. The parcel in the middle is zoned commercial in the front and residential in the back. The front part is improved with a retail store and a warehouse. The back part of the middle parcel and the other two parcels are unimproved.  The front part of the property with street access is generally level and the remainder is rolling and largely wooded.  This property is part of three adjacent listings with a combined acreage of approximately 11 acres. Contact the listing brokers for possibilities to purchase a combination of these properties.

The manager has listed the unit size as 7223 square feet.
Unit Size
7,223Ft²
Days on Market
-
Land Size
8.00 acres
Price per sqft
$284
Property Type
Commercial
Property Taxes
$4,063
HOA Dues
-
Year Built
1972

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Apr 9, 2021 In contract -
In contract
Mar 1, 2020 Listed $2,049,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
6,104 ft²
$377/ft²
$2,300,000 Feb 9, 2023
-
$4,904/mo
House
8 Beds
6.5 Baths
5,268 ft²
$313/ft²
$1,649,900 Aug 6, 2022
-
$3,144/mo
House
3 Beds
4.5 Baths
3,985 ft²
$445/ft²
$1,775,000 Jan 28, 2023
-
$74/mo
House
6 Beds
6.5 Baths
3,470 ft²
$506/ft²
$1,757,096 Mar 9, 2023
-
$1,108/mo
House
6 Beds
6.5 Baths
3,470 ft²
$487/ft²
$1,690,000 Aug 16, 2022
-
$193/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200301
03/01/2020
Loft
-
7223 ft²
$2,049,000
bedrooms
Loft
bathrooms
-
square feet
7223 ft²
-
-
-
David Gothard
NAI Koella | RM Moore

Building Info

1148 Wears Valley Road 1148 Wears Valley Road, Pigeon Forge, TN 37863
More about this Building
1148 Wears Valley Road
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About Pigeon Forge


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