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Map
$2,306,053*
●
Commercial -
Off Market
1148 Wears Valley Road
Pigeon Forge, TN 37863
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
8
Beds
6.5
Baths
5,268 ft²
$313/ft²
$1,649,900
Aug 6, 2022
-
$3,144/mo
Active
House
3
Beds
4.5
Baths
3,985 ft²
$445/ft²
$1,775,000
Jan 28, 2023
-
$74/mo
Active
House
6
Beds
6.5
Baths
3,470 ft²
$506/ft²
$1,757,096
Mar 9, 2023
-
$1,108/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/01/2020
|
|
Loft
|
-
|
7223 ft²
|
$2,049,000
Loft
-
7223 ft²
|
-
-
|
-
|
David Gothard
NAI Koella | RM Moore
|
Building Info
About Pigeon Forge
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